Estate & Trust Accounting, Planning & Tax Preparation
Fiduciary Department
Tostevin Accountancy Corporation
offers a wide range of services in our fiduciary department. This is an
area in which we specialize. We have in-depth knowledge and experience in
the areas of:
- Estate and Gift Tax Return
Preparation
- Estate Planning
- Fiduciary Income Tax
Return Preparation
- Court Accountings for
Estates and Conservatorships
- Fiduciary Administration
and Personal Management Services
Our fiduciary department
services are provided by mainly by J.
Breck Tostevin, Lynne
T. Sexton, Leland Embry, and James
Poulos .
Estate and Gift Tax Return
Preparation - We have extensive experience in the preparation of
Estate and Gift tax returns. We utilize specialized software for the
preparation of the tax returns and for valuations of assets. We have
experience with out of state Estate and Gift tax returns, as well as with
the Federal and California returns. We are experienced in working both in
cooperation with attorneys and directly with individual executors and
trustees in this area.
Estate Planning - We
offer services over a broad spectrum in this area, from a brief review of
an existing Trust Agreement, to an analysis of a complex overall estate
plan. We appreciate the advantages of a "professional team"
approach in this area and are experienced working with attorneys,
financial planners and other professionals. We have the expertise to work
with the whole gamut of estate planning vehicles, from the traditional
married couple's inter vivos trusts or probate estates to
irrevocable life insurance trusts, qualified personal residence trusts,
and family limited partnerships. We have worked with attorneys, charities
and clients in setting up charitable remainder trusts and using other
charitable gifting techniques. Additionally, we bring extensive experience
and insight to the area of postmortem tax planning; from dealing with
interrelated income tax / estate tax issues and elections to analyzing the
funding of various trusts.
Fiduciary Income Tax
Preparation - Again, we bring the advantages of specialization in the
fiduciary area to tax preparation. We are experienced in the preparation
of returns for probate estates, simple and complex trusts, charitable
remainder annuity and unitrusts. We prepare many of these returns each
year and apply our knowledge of the fine points of income tax issues in
this area.
Court and other Accountings
- We can provide accountings in the format required by the Court for
probate estates, trusts, and conservatorships. We routinely prepare trust
accountings for the use of trustees and beneficiaries.
Fiduciary Administration and
Personal Management Services - We have extensive experience in
assisting fiduciaries in various aspects of trust and estate
administration, from educating them about the proper records to maintain
to assisting them in making distributions to beneficiaries. We also
provide individual "management services" tailored to the
specific needs of clients. Some clients find themselves unable or
unwilling to pay bills, reconcile checking accounts, or maintain the
financial records needed for tax return preparation. Our fiduciary
department includes a support staff to provide these services. We are
happy to do as little or as much as the individual client requires, from
merely doing their monthly bank reconciliation, to making all bank
deposits and paying all bills for them.
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