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The aim of this textbook is to provide step-by-step guide to Trust and Executorship Accounting.
It contains detailed overview of Executorship Accounting: the provisions of the law relating to the succession Act including wills and probate, validity of wills and testamentary capacity; Determination of the value of the estate, Distribution of the estate; Administration of the estate; Accounts of the executor; The provisions of the law relating to the trusts including creation and distinction between secret, protective and charitable trusts; Duties and responsibilities of trustees; Trustee Investment Act; Investment of trust funds and Accounts of trustees.
This book is written as a compendium for undergraduate and graduate students in accounting and finance.
A valuable resource and a discerning choice for the student and accounting professional seeking a deeper knowledge of Trust and Executorship Accounting theory and practice.
Muganda Munir teaches in the Department of Commerce and Economics Studies, Jomo Kenyatta University of Agriculture and Technology (JKUAT), Kenya.
He holds an MBA in Finance and banking and is currently pursuing a PhD in Business Administration.
He has published widely in finance and banking journals.
Munir is a Certified Public Accountant
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