Legal Question in Wills and Trusts in Louisiana

A good idea would be to get a simple accounting program for the computer, whereby deposits and payments can be recorded and tracked. This is important in case there is ever a question about you as trustee. A trustee is held to a higher standard of responsibility than ordinary person. Don't do computers? An expensive account book may be enough. You enter the deposits in the book, keeping actual deposit slip in a file marked deposits. Anything you pay out-you list under expenses-keeping receipts in a file marked expenses. When you pay yourself, if for more than one expense at a time-identify the expense as repayment and identify each individual expense incorporated into the repayment. Always identify what the expense was for. Any accounting method you decide on will be an expense for which you can be repaid.