Jay Oppenheim, Counsel in Saul Ewing LLP's Baltimore office, will be speaking at the Maryland Society of Accounting and Tax Professionals (MSATP) on November 10, 2025. Jay's topic will be "Responsibilities of a CPA Serving as Trustee."
Event Description:
CPAs often serve as trustees, but the role involves far more than managing tax matters. This webinar will discuss some of the critical non-tax duties that every CPA who is serving as a trustee must understand, including fiduciary obligations, trust administration, and legal and ethical considerations. Practical strategies and risk mitigation tips will be shared to help CPAs approach serving as a trustee with confidence, clarity, and professionalism.
Event Objectives:
1. Understand Fiduciary Responsibilities and Legal Framework
Participants will be able to identify and explain the key fiduciary duties, legal obligations, and ethical considerations that CPAs must navigate when serving as trustees, distinguishing these responsibilities from their traditional tax-focused services.
2. Apply Trust Administration Best Practices
Participants will demonstrate knowledge of essential trust administration processes and procedures, including proper documentation, beneficiary communication, asset management, and compliance requirements beyond tax matters.
3. Implement Risk Management and Professional Standards
Participants will be able to develop and apply practical risk mitigation strategies and professional protocols to confidently fulfill trustee duties while maintaining appropriate professional boundaries and avoiding common pitfalls in trustee service.
