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Fiduciary Accounting Services

We Are Your Partner in Strategic Tax Planning

A Fiduciary Accounting is a detailed report of all the transactions within a Trust, Estate, or Conservatorship.  The transactions are presented in a specific format supported by certain schedules to meet the Pennsylvania Probate Code.

We can assist you with:

• Determining assets on hand at the establishment of trust or conservatorship

• Preparing the summary and all necessary schedules within the accounting

• Allocate assets and transactions among beneficiaries and prepare distribution schedules

• Identifying trust expenses

• Allocating transactions between principal and income

Consulting

We also offer consultation services with individual trustees or conservators to set up appropriate and complete financial records.

We can assist you with:

• Guiding trustees/conservators on the proper allocation of trust expenses

• Maintaining proper financial records

• Gathering and sorting of financial information to prepare court accountings

Accountings are generally recommended for the following:

• A Conservatorship or Probate Estate

• A Trust or Estate which has significant assets

• A Trust or Estate which is complex, maintains business operations or unusual expenses or payments

• A Trust or Estate with pending legal action or mediation

• A Trustee who wants to reduce the trustee's liability exposure

• Upon the request of a trust or estate beneficiary

• Upon the termination or change in Trustee or Executor

• When there is potential dispute among beneficiaries.