Trust and Estate Accounting

Trust and Estate Accounting

Providing fiduciary accounting services in the settlement of estates and trusts

Being appointed as the executor of an estate or trustee of a trust is a significant legal responsibility. The preparation of trust and estate accountings requires professional knowledge and practical skills to create the comprehensive and precise financial records and schedules required of all executors and trustees. There are particular accounting issues that pertain to estates, including the requirement to properly allocate principal, income, expenses and distributions. These can be wrought with pitfalls for those without a full understanding of the legal requirements.

The professionals at Vishnick McGovern Milizio LLP are prepared to manage the estate distribution process, ensuring that it is handled accurately, in keeping with the deceased’s wishes expressed in his or her testamentary plan, and in accordance with applicable laws.

Clients who have relied on Vishnick McGovern Milizio’s Trust and Accounting practice for over 40 years include estate executors and administrators; trustees; guardians; remainder beneficiaries of both estates and trusts; and solo and small firm law practitioners.

Our Trust and Estate Accounting services include:

  • Preparation of all court-required financial reports and schedules
  • Preparation of Estate and Gift Tax returns and representation during audit examinations
  • Preparation of annual fiduciary income tax returns
  • Review and analysis of fiduciary accountings
  • Estate and trust distribution compliance analysis
  • Fiduciary litigation support

Our experienced attorneys and support staff are specifically dedicated to the preparation of fiduciary accountings. We utilize specialized software capable of rapid preparation of long-term and complicated trust and estate accountings. By outsourcing your time-consuming and problematic fiduciary accountings to Vishnick McGovern Milizio LLP, you will be assured that your transactions receive a thorough examination and scrutiny of the documents presented for settlement. Should a dispute arise between fiduciaries and beneficiaries that cannot be resolved amicably, we are capable of seamlessly transitioning into providing fiduciary litigation services.