Professional Trust Services

Here's how we can help you:

• Financial Management

  • Manage trust assets (investments, real estate, businesses, etc.)

  • Maintain and reconcile trust bank and investment accounts

  • Oversee cash flow and liquidity needs of the trust

  • Collect income (e.g., interest, dividends, rents)

  • Pay trust expenses, taxes, and distributions to beneficiaries

• Investment Oversight

  • Develop and implement an investment strategy aligned with the trust's goals

  • Work with financial advisors or investment managers

  • Monitor performance and rebalance the portfolio as needed

  • Maintain compliance with the prudent investor rule

• Accounting & Recordkeeping

  • Maintain detailed financial records of all transactions

  • Track principal vs. income accounting

  • Produce periodic trust accountings for beneficiaries

  • Maintain supporting documentation (receipts, invoices, etc.)

• Tax Compliance

  • Prepare or coordinate preparation of trust tax returns (e.g., IRS Form 1041)

  • Issue Schedule K-1s to beneficiaries

  • Ensure timely payment of federal, state, and local taxes

  • Monitor tax law changes that affect the trust

• Beneficiary Communication

  • Respond to beneficiary inquiries

  • Provide regular financial reports or account statements

  • Clarify distribution policies and timing

  • Resolve disputes and communicate with legal counsel if necessary

• Distributions & Disbursements

  • Determine and make distributions per the trust terms

  • Evaluate discretionary distributions (health, education, support, etc.)

  • Document rationale for discretionary decisions

  • Track cumulative distributions to each beneficiary

• Administrative Duties

  • Maintain trust documents and legal filings

  • Coordinate with attorneys, CPAs, and advisors

  • Oversee the wind-down or termination of the trust (if applicable)

  • Transfer trust assets as instructed in the trust agreement

• Reporting to Co-Trustees or Boards

  • Present financial updates at trustee or board meetings

  • Provide reports for trust protectors or oversight bodies

  • Document decisions with meeting minutes or resolutions