Fiduciary Accounting Nightmares

Fiduciaries owe many duties to the beneficiaries of the trusts they manage.  Some of these duties  include the duty of loyalty, good faith, prudence, care, frugality and impartiality.  There is a uptick in the volume of fiduciary litigation.  Fiduciary accountings provide a road map as to how a trust or estate was managed for the fiduciary, the beneficiaries, the lawyers and the Court. Attorney’s Francine Lee of Ernst & Young LLP and Lauriann Wright of Wright Kim Douglas, A Law Corporation, will discuss “Fiduciary Accounting Nightmares”, the role accountings play in contested situations, common red flags, resolution alternatives, ethical considerations and case studies. An interesting perspective of the role accountings play in finding out the truth.

Speakers

Lauriann Wright, Esq.

Lauriann Wright, Esq.

Wright Kim Douglas, A Law Corporation
https://www.wkdlegal.com/

Lauriann Wright, the founding partner of Wright Kim Douglas, ALC, is an experienced Los Angeles probate litigator and estate planner focused on the representation of professional fiduciaries. For over 25 years, she has been practicing all phases of probate law and litigation, including conservatorships, guardianships, trusts, and decedent estates. She has been named a Super Lawyer in Trust and Estate Litigation for the 11 consecutive years of 2012-2022.  For 2019-2021, she has been named as one of the Top 50 Women Super Lawyers in Southern California, and in both 2020 and 2022, she was ranked as one of the Top 100 Super Lawyers in Southern California. U.S. News & World Report has named her as a “Best Lawyer in America” for 2016-2022 and her firm Wright Kim Douglas ALC as a “Best Law Firm” for 2017-2022.

Francine Lee

Francine Lee

Ernst & Young
ey.com

As Business Leader for the EY Fiduciary/Trust & Estate Accounting Services (FTEAS), Francine and her team focus on the development of go-to-market strategies and managing relationships with banks, law firms and family offices. 

FTEAS is a national practice with a deep bench of professionals with extensive experience preparing complicated fiduciary/court accountings spanning decades of transactions, using multiple state formats to satisfy local jurisdiction filing requirements across the country. FTEAS prepares accountings for everything from small special-needs trust to billion-dollar-plus trusts and estates.

Francine brings over 25 years of experience creating income tax and estate planning solutions for high net worth clients and building platforms and products at industry leading organizations. She holds a Master of Laws in Taxation from New York University School of Law and Juris Doctor from Western New England School of Law, and is admitted to the New York State Bar. Francine is a published author and frequent public speaker.