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(212) 631-0320

Trust Administration

Trust administrationAs CPAs, we handle all aspects of the administration of estates and trusts with a goal of preserving wealth and maximizing the benefits of aggressive tax planning. Proper planning allows you to anticipate problems, provide solutions and help control the future of your assets for yourself and your heirs.

We are well equipped to advise and guide Executors, Trustees and Guardians in their fiduciary duties and responsibilities to ensure they are following the law and protecting the interests of the beneficiaries to the best of their ability. In addition, we can also serve as Executor, Trustee or conservator for our clients should the need arise.

If you have been named trustee we can help you through this process and ensure that your responsibilities are met. This includes notifying beneficiaries, gathering assets, and consulting with financial advisors regarding the preparation of estate tax returns and transferring property and assets to beneficiaries.

Our estate and trust administration services include:

  • Preparation of estate tax returns
  • Representation of parties in guardianship/conservatorship proceedings
  • Negotiations with IRS to settle complex estate tax issues
  • Review trust documents for tax purposes
  • Prepare fiduciary accountings
  • Estate and trust planning
  • Fiduciary appointment
  • Serve as trustee when needed
  • Determining beneficiary needs
  • Making proper distributions
  • Family governance and succession planning
  • Report trust expenses and maintain records
  • Allocate trust income to beneficiaries
  • Consolidation and transfer of assets
  • Care assessment
  • Family budgeting
  • Education planning
  • Charitable giving
  • Prepare reports for probate

Call us today at (212) 631-0320 and ask for Mark Feinsot to discuss your estate and trust administration needs with an experienced estate and trust CPA.