0
Is it unusual for the beneficiary of a trust to be asked to waive annual accounting of the trust?
Wiki User
∙ 14y ago
The annual accounting is the only way you can know what has happened to the trust property during the past year. It will tell you what has gone out of the trust and what has come in. It is not a good idea to waive the annual accounting. It is the only way you can monitor the trustee and whether they are managing the trust in a responsible manner.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
Hiring accounting staff?
what are the basic accounting staff questions frequently asked by the employer
Which type of accounting question ask to candidate while taking interview?
the accounting questions to be asked are to be based on the Accounting Standards along with basics of accounting
Why have you chosen accounting?
When you are asked this question you should focus on what makes accounting important to you. It is a good ideal to link your passion to the objectives of the organization.
What stage of the reimbursement accounting means that the customer has asked the Air force to provie a goodservice for them?
UFCO
What happens to your share if you predecease the owner of a Transfer on Death account?
That depends on how the owner of the account has arranged the beneficiary designation. There may be a contingent beneficiary or the gift may lapse and become part of the testator's intestate estate. In that case it would pass to the heirs-at-law. That question should be asked when the beneficiary designation is arranged at the bank.
What type of questions are asked in an accounting interview?
Questions you can expect to be asked in an interview for a position as an accountant include: questions about current codes, laws and regulations accounting software applications "How have you implemented the recent tax changes in your company?" "Detail your experience in preparing management accounts." how you have monitored the performance of your team tough accounting situations with a tight deadline that required precise data etc. For more information, visit the Related Link.
Describe your personal qualities that suit the requirements of this position as accounting clerk?
When asked this question you should focus on your ability to computer numbers accurately and your ability to communicate effectively. As an accounting clerk you will be responsible for talking to representatives in other company's accounting department.
What happens to the assets of a beneficiary's estate with a will?
The question is asked a little awkwardly. Most people intend to ask how the deceased individuals assets are dealt with not the recipients/beneficiaries. However, the assets of a beneficiary's estate should increase since they are receiving assets from a deceased individual. Also, if a beneficiary is deceased their assets, including any inheritance, will pass to their own beneficiaries under the terms of their will.
If neighbor dies and he asked you to be his next of kin what rights do you have?
If there isn't anything in writing, none whatsoever. If he actually created a will and named you a beneficiary, then you would be entitled to the bequest.
What stage of reimbursement accounting means that the customer has asked the Air Force to provide a good for them?
unfilled customer orders -ufco
How do you write a beneficiary letter?
To write a beneficiary letter, begin by addressing the recipient and explain the purpose of the letter. Clearly state why you are naming them as a beneficiary and what they are entitled to receive. Be sure to include any necessary details such as account numbers, policy details, or instructions on how they can access their benefits. Conclude the letter with any additional information or well-wishes you would like to convey.
What stage of reimbursement accounting means that the customer has asked the Air Force to provide a good service for them?
unfilled customer orders -ufco
