Property Development Advise

 

This is where Twigley comes in – we offer trust accounting services to help you manage your trusts. Property Development Advise  While attorneys generally handle client trust accounts, trust accounting is a specialized field that requires adherence. A trust is a legal document that designates a trustee to manage assets for a grantor while the grantor is incapacitated or has died. The grantor also may want the trustee to manage the trust assets while the grantor is still alive. In this case, the beneficiaries would not necessarily get an accounting – the grantor would get one. All beneficiaries have a right to certain information as it relates to their interest in the trust after the grantor has died. Trust accounting is a detailed record that includes information about all income and expenses of a trust. Information that should be included in a trust accounting includes details regarding: As the successor trustee of a trust or executor of an estate, you are charged with collecting the assets of the decedent, paying all debts of the decedent and making distributions to the beneficiaries according to the trust instrument or probate court.