What We Do

Fiduciary Accounting

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 California Probate Code.

We assist 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

Fiduciary Accounting Services, LLC will consult with individual trustees or conservators to set up appropriate and complete financial records.

We assist 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

Our Experience
Our experience includes accounting for all types of assets: cash, investment securities, real estate, family limited partnerships and closely held businesses.

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A Non-CPA Firm