Trustee-Related Claims Trends

Many clients look to CPAs as the natural choice for the role of "trustee" to manage the assets and carry out their clients’ wishes. For CPAs good at managing and minimizing the unique risk attributes of a trustee role, trustee work can be satisfying and rewarding. On the other hand, if CPAs underestimate trusteeship risk, what may appear to be a safe and simple role can become a Pandora’s box of sibling rivalries, aging parental battles, competing interests, disruptive lawsuits, and financial losses.

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  • 24 Mar

    Template for Communication to Firm Clients

    Dear [Name/Valued Client],

    As you know, new details about COVID-19 (Coronavirus) unfold hourly. Yet what remains unchanged is [Firm Name]’s dedication to the health and safety of our people, clients, and the communities we serve. While prioritizing safety, we continue to ada... read more

  • 23 Mar

    CAMICO Guidance Related to Stay-at-Home Orders

    As of the timing of this communication (March 23, 2020), CAMICO is aware of four states (CA, IL, NJ and NY) that have issued formal state-wide orders for all residents to stay at home, with several other states (CT, DE, KY, OH, LA, MA, MI, NV, PA and WI) announcing similar orders to be exe... read more

  • 19 Mar

    CAMICO HR eAlert: Coronavirus (COVID-19)

    Like many of you, CAMICO is closely monitoring the spread of the COVID-19 virus and following the recommendations of the Centers for Disease Control and Prevention and The World Health Organization, as well as taking comprehensive measures to protect our employees and provide for business ... read more