DUTIES & TASKS
Trustee's Duties
A trustee must understand the terms of the trust, ensure the safety of the assets, manage, and invest those assets, make ongoing decisions regarding how and when beneficiaries receive payments, maintain accurate financial records, provide tax-related forms to the CPA, and, most importantly, communicate with the beneficiaries, addressing their questions and providing an accounting of the trust assets.
We assist you with the following tasks:
- Marshaling of Assets
- Inventory of assets and liabilities
- Notice to creditors
- Fraud protection
- Closing Accounts
- Estate and final year individual tax returns
- Discovering insurance policies
- Paying bills
- Cancelling subscriptions
- Negotiating with creditors
- Arranging Appraisals
- Transferring property deeds
- Filling out complicated forms to transfer assets
- Discovering digital accounts
- All other tasks