Accounts can include a wide range of assets including cash, real estate holdings, family limited partnerships, businesses, and investments. It’s critical that you have a financial professional who understands how to manage these assets to preserve principle and generate income.

We ensure accountings are in compliance with probate guidelines set by the governing state and that they meet court requirements.

We understand how time consuming administration of the conditions set forth in the governing documents can be. With our assistance, you will have more time to manage your trust, meet with clients, report to beneficiaries, manage investments, and more.

Our fiduciary accounting services include:

  • Ensure guidelines outlined in the governing document are being met
  • Prepare financial reports required by your state
  • Prepare fiduciary accountings for estates, trusts, conservatorships and more
  • Track investment performance and provide reports
  • Prepare cash flow reports, income statements, balance sheets
  • Prepare documents releasing you from liability as a fiduciary
  • Calculate fiduciary commissions
  • Allocate assets and transactions for beneficiaries and prepare schedules
  • Tax planning to minimize taxes for an estate, trust or beneficiary
  • Record and classify receipts and disbursements for tax and accounting purposes
  • Record capital changes
  • Allocate transactions between principle and income
  • Capital gains and losses
Let us know how our Dallas CPA firm can help you with your trust and estate accounting and tax planning needs. Call us today at 214-696-1922 and ask for Mark Patten to arrange a consultation.