Trust & Estate Solutions

“Trustees and executors have an important responsibility and legal obligation to carry out their fiduciary duties on behalf of the trust or estate in good faith. These duties include seeing that the trust is carrying out the directions of the trust document. The trustee also has a duty to keep accurate accounting records of the trust assets, income, and expenditures, and provide an accounting to the beneficiaries. The trustee also has the responsibility to see that the trust timely files tax returns.

The selection of a knowledgeable CPA can provide valuable consulting in this area. We have experience dealing with trust issues and preparation of simple and complex trust income tax returns, and returns for small estates (under current IRS exemption amount). We are able to assist in the preparation of trust accounting reports in compliance with probate court requirements. Prepared reports are accurate and complete for the accounting period.”