Trust Administration Services
In nowadays, social trust applications are widespread. Due to negligence or human greed, intentionality, or inadvertence, many trusts are wasted, lost, deliberately lost, devalued or fined. Although most of the trust funds have been well planned, they have not found professional trustworthy trustees who are trusting the trust property and beneficiaries. In order to solve the above problems, we launch trust management services sincerely.
Certified Public Accountant of California, with a property management team with more than 30 years of experience, as well as insurance experts, investment consultants and professionals in all aspects; to ensure that your property is not wasted to your beneficiaries. We have rich experience in auditing and had investigated numerous commercial scams. For example, many business partners had blinded by misconduct, and young beneficiaries had bullied by older trust managers. The beneficiary becomes a victim. In other cases, it is too late to wait until the minor beneficiary arrives at the designated year before he or she wants to find an auditor to perform the audit.
In order to meet the needs of the public, a special trust administration department was set up to solve the financial confusion that often occurs in the trust for the public. Our services include checking related expenses, increasing the transparency of trusts, providing trust financial reports, property management reports and documents on time, which helps beneficiaries to better understand the whereabouts of property, reduce expenses and increase income.
Types of Trustees
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Sole Trustee
Trust Administration Services assumes all the investment, administrative, and fiduciary responsibilities of managing your trust according to the terms defined in your trust document.
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Co-trustee
Trust Administration Services acts as a co-trustee with the individual(s) you designate. As a co-trustee, CSTC assumes full investment management and administrative responsibilities for the trust but may share discretionary disbursement decision-making with the co-trustee(s) according to the trust provisions.
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Successor Trustee
Trust Administration Services steps in once you or the individual you name as sole trustee or co-trustee is no longer willing or able to serve.
Free Schedule and Information as to January 2019
Trust Assets
Annual Fee
First $5 million
0.50%
Next $5 million
0.25%
Next $15 million
0.10%
Above $25 million
0.05%
Minimum Annual Fee = $5,000
Additional Information
Additional Fees and Reimbursement Expenses
Fees or expenses for special services provided by Trust Administration Services will be charged upon delivery of such services. Examples of additional services may include, but are not limited to, dispute resolution, litigation expenses or loan/note liability management. Any fees paid to a distribution advisor, trust protector, or other co-trustee required by your trust, are in addition to Trust Administration Services’ fees. All additional fees will be charged as an expense of the Trust if permitted by the governing document or applicable law.
Early Termination Fee
The full minimum annual fee may be assessed on any trust that terminates before Trust Administration Services has served as trustee for a minimum of one year.
Fees Are Calculated and Charged Quarterly. Trust Administration Services Fees Are Subject to Change Upon Notice.
Trust Administration Services may, at its sole and exclusive discretion, decline at any time to serve as trustee on any proposed relationship. All trust documents and assets must be reviewed prior to the acceptance of an appointment as trustee.
Trust FAQs
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What is a Trust?
A trust is a legal relationship in which one or more persons or entities (trustees) holds legal title to property and manages it for the benefit of one or more persons or entities (beneficiaries).
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Why establish a trust?
A trust can potentially accomplish a wide variety of objectives:
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Provide continuity in management of trust assets in the event of your incapacity or death.
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Help your beneficiaries avoid the expense, delay, and publicity of probate.
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Allow you to create rules for how your assets will be preserved or distributed and to name a trustee to carry out your wishes.
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Minimize transfer/estate taxes.
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Allow for the implementation of charitable giving strategies.
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How do I know what type of trust is right for me?
There are many types of trusts available, depending on your and your family’s unique needs. Your attorney or estate planner can help you determine which type of trust is the best choice for you; your Financial Consultant can help you establish the trust with Trust Administration Services.
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What type of services does Trust Administration Services provide?
Administration Services
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Income and principal distributions according to the trust document
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Preparation and filing of fiduciary federal and state tax returns
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Accurate and timely accounting, record keeping, and reporting
Glossary
Grantor
The individual (or individuals) who creates and funds the trust with their accumulated wealth, including financial and real estate assets.
Probate
This is the court process of distributing assets after death of the grantor. Trusts can help avoid this potentially time-consuming, costly, and public process.
Trustee
The party responsible for the administration and/or investment management of trust assets. A trustee can be:
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Individual Trustee—usually a family member or friend chosen to manage trust assets.
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Corporate Trustee—a bank or trust company, like Charles Schwab Trust Company, that specializes in trust investment management and administration.
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Successor Trustee—named to step in and manage the trust when the current trustee is no longer able or willing to continue due to incapacity, death, or resignation.
Beneficiary
A recipient of trust asset distributions, such as individual heirs or charities.