You can tap into our nationally recognized expertise in this unique area of accounting and consulting. David Keene has published a number of
articles in national professional journals on estate and trust issues. David also has presented
seminars on accounting and tax topics for estates and trusts sponsored by the Washington State Bar Association, the Washington Society of Certified Public Accountants, the Seattle Estate Planning Council and others.
Our seasoned guidance and advice inspires confidence in your efforts in this unique field.
We help you…
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Understand and exercise your powers and duties as a trustee or executor.
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Understand your rights as a beneficiary.
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Design effective and efficient accounting systems.
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Maintain proper accounting records for estates and trusts, including recognition of the income/principal distinction important in determining how the entity shares its capital among different beneficiaries.
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Report to beneficiaries, government agencies, courts and others on the results of administration by the fiduciary (executor or trustee).
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Assist in decisions for making distributions to income and principal beneficiaries of a trust; including decisions regarding timing, advisability of property versus cash distributions, and the tax effect of the alternatives.
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Determine trust funding and beneficiary distribution plans for estates based upon interpreting the Will or Trust Agreement while minimizing income and estate tax consequences of making these bequests to trusts or individuals.
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Properly apportion the estate tax burden among the beneficiaries of an estate (based upon the Will or Trust Agreement and state law).
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Guide the executor through the probate process, including determining a complete and accurate inventory of property and schedule of claims and debts.
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Work as an effective member of the professional team, including attorneys and qualified appraisers.
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Understand the fiduciary’s role and special issues for the various types of trusts, including…
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Bypass or credit shelter trust
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Charitable lead trust
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Charitable remainder trust
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Dynasty trust
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Income sprinkling trust
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Income trust or Section 2503(b) trust
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Irrevocable life insurance trust
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Marital deduction trust, including Qualified terminable interest property (QTIP) trust
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Minority trust or Section 2503(c) trust
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Personal residence trust
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Revocable living trust
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Spendthrift trust
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Supplemental needs trust
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Prepare a schedule of the income tax bases of assets distributed to the beneficiaries.
Useful Tools For Estates and Trusts
Contact us to set up an appointment and discuss your Estate or Trust Accounting needs today.
