As an executor of a trust, you may need to account for every penny that goes in and out of it. However, you also may not be able to sit down and go over the books for the trust on your own.
Instead of giving a skewed answer if or when you are questioned about the trust’s funds, you can hire someone to go over the books and find out about where the money is coming and going in it. You can get those answers by retaining a firm that specializes in forensic accounting in Atlanta GA.
Investigating Fraud
If you suspect that someone has been stealing from the trust in which you are in charge, you need to have the books for it investigated. It may not be prudent for you to go over the books yourself. Beneficiaries of the trust can easily accuse you of concealing fraud and not admitting to any funds that they might believe that you have embezzled.
Instead, you can hire an accountant to go over the books for the trust. The accountant can find out where money has been spent, how much money has been put into the trust and on what expenses any funds have been used. He or she can uncover wrongful spending or outright fraud.
