Trust Administration Accountings

Accountings in trust administration are crucial for several reasons:

1. **Transparency and Accountability**: They ensure trustees manage assets responsibly and provide beneficiaries with clear financial information.

2. **Fiduciary Duty**: Trustees must act in beneficiaries' best interests, and accountings demonstrate compliance with this duty.

3. **Legal Compliance**: Many jurisdictions require trustees to provide accountings to beneficiaries, ensuring adherence to legal standards.

4. **Trustee-Beneficiary Relationship**: Accountings foster trust and communication by keeping beneficiaries informed of trust activities.

5. **Protection and Documentation**: They protect trustees from legal challenges and provide essential documentation for tax and estate planning purposes.

In summary, accountings play a vital role in trust administration by promoting transparency, accountability, and compliance with legal obligations, while also maintaining trust between trustees and beneficiaries.

 Estates up to $1M:  $1,600

$1M to $3M: $2,600

$3M to $6M: $3,600

Prices only apply for estates without litigation. For litigation accountings please send a message to cs@clerikus.com.

We also offer the option for hourly rates. For hourly rate prices please contact us at cs@clerikus.com.