Annual Management of Trusts
Annual management of a trust is important to assist the trustees to meet their annual obligations.
These obligations include meeting on a regular basis to consider all beneficiaries and keeping clear and accurate records of the trust’s assets and the trustees decisions.
Annual management includes:
Advising on required annual trustee meetings Identification and tracking of specific timed trust events (such as a distribution when a certain age of a beneficiary is reached
Liaising with financial planners and fund managers to ensure accurate trust asset record keeping
Liaising with accountants to ensure trust records match accounting records
Annual and ad hoc distributions of trust assets