Accounting: We perform a complete
accounting of the Trust's financial activities in accordance
with the terms of the Trust and applicable law. The accounting
includes an allocation of trust income and expenses to principal
and income. We provide a report of the accounting to the Trustee
on an annual basis.
Preparation of Tax Forms: We prepare
all applicable federal and state tax forms for the Trust. Tax
forms are forwarded to the Trustee for signature and filing.
Assistance in Making Trust Annuity/Unitrust Distributions:
We communicate to the Trustee or his/her designee the amount
required to be distributed on a periodic basis from the Trust
to charitable income beneficiaries. The funds to pay charitable
income beneficiaries do not come to our firm; rather they go
directly from the trust's financial account to such beneficiaries.
Charitable Deduction Calculations: At
such time as a gift is made to the trust, we provide the donor
with a charitable deduction calculation, which indicates the
deductible portion of the gift, to be used in the preparation
of his/her personal income and gift tax returns. We do NOT prepare
the donor's personal income or gift tax returns.
Trust Dissolution: Upon dissolution
of the Trust, we assist the Trustee in winding up the Trust.
Such services may include assisting the Trustee in making final
annuity/unitrust distributions, final expense payments and distribution
of remainder assets to non-charitable beneficiaries in accordance
with the Trust and applicable law.
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