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Lunch & Learn with Ernst & Young LLP
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4/24/2018
When: 4/24/18
12:00 PM - 2:00 PM
Where: Ernst & Young LLP
5 Times Square
New York, New York  10036
United States


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Lunch & Learn with Ernst & Young

 

 

Join EPCNYC and Ernst & Young for this complimentary “Members Only” event. 
 Register soon as space is limited.
Lunch will be provided.

 

 

 

Everything you always wanted to know about fiduciary/court accountings but were afraid to ask.  
Presented by Francine Lee



About the Presentation

Acting as a fiduciary isn’t always easy.  A fiduciary owes many duties to the beneficiaries and a breach of a duty can result in liability.  One of these duties is the duty to account.  In our litigious society, having an accounting is one of the best ways a fiduciary can protect itself from liability.  From the beneficiary’s perspective, an accounting protects the beneficiary because it forces the fiduciary to either:  (1) Admit that he or she can’t account due to a failure of recordkeeping; (2) Truthfully account, providing the beneficiaries with evidence of any potential wrongdoings; or (3) Falsify the accounts, which the beneficiaries can then disprove.

This session will review:
- The fiduciary duty to account
- Top ten reasons for producing a fiduciary accounting
- Tips to look out for when reviewing an accounting
- Differences between tax and accounting
- Accountings and litigation

 

 

About the Presenter

Francine Lee is a Senior Manager in EY’s Fiduciary/Trust Tax Services group and Business Leader in EY’s Fiduciary/Trust & Estate Accounting Services (“FTEAS”) team focusing on the development of go to market strategies and managing relationships with institutional wealth management clients, family offices and law firms.  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.

 

Francine brings 30 years of experience creating income tax and estate planning solutions for High Net Worth clients and building platforms and products at industry leading organizations including BMO’s multi-family office CTC/myCFO, HSBC Private Bank, Goldman Sachs Family Office, Prudential Securities and Lehman Brothers.  Francine began her career as a tax attorney in private practice focusing on income and estate tax planning, closely-held businesses, executive compensation and international taxation.

 

Francine holds a Master of Laws in Taxation from New York University School of Law and Juris Doctor from Western New England School of Law. She is admitted to the New York State Bar.


 

 

 

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