Accounting: We perform a complete accounting
of the Trust's financial activities in accordance with the
terms of the Trust and applicable law. The accounting includes
an allocation of trust income and expenses to principal
and income and appropriate classification of Trust distributions
under the four-tier system of accounting. We provide a report
of the accounting to the Trustee on an annual basis.
Preparation of Tax Forms: We prepare
all applicable federal and state tax forms for the Trust.
Tax forms are forwarded to the Trustee for signature and
Assistance in Making Trust Annuity/Unitrust Distributions:
We communicate to the Trustee or his/her designee the amount
required to be distributed on a periodic basis from the Trust
to income beneficiaries. The funds to pay income beneficiaries
do not come to our firm; rather they go directly from the trust's
financial account to the income beneficiaries.
Charitable Deduction Calculations:
At such time as a gift is made to the trust, we provide
the donor with a charitable deduction calculation, which
indicates the deductible portion of the gift, to be used
in the preparation of his/her personal income and gift tax
returns. We do NOT prepare the donor's personal income or
gift tax returns.
Trust Dissolution: Upon dissolution
of the Trust, we assist the Trustee in winding up the Trust.
Such services may include assisting the Trustee in making final
annuity/unitrust distributions, final expense payments and distribution
of remainder assets to qualified charitable organizations in
accordance with the Trust and applicable law.