Florida Trust Accounting Services & Attorneys
Every qualified beneficiary of a trust has the right to receive a listing of the assets and liabilities of the trust, as well as a right to a trust accounting attorney, at least annually, upon termination of the trust or if if there is a change in trustee. We can work with you to ensure all parties involved are notified of any updates, changes or issues that result from an assessment of any accounting matters.
Annual accounting is incredibly important under the law, as the account traces all of the trust’s activity throughout the year and presents closing balances that appear at the year’s end. This procedure helps prevent inconsistencies in accounting matters and allows your lawyer to create a permanent record and timeline of all trust matters.
When it comes to trust accounting, a lawyer must create and execute a plan that is specially tailored to the client’s needs. Our trust accounting attorneys have significant experience in this area, and have developed a rigorous and thorough approach to such accounting activities.
About Our Trust Accounting Attorneys & Services
We often assist beneficiaries in obtaining information about trusts in which they have an interest, and we represent trustees in carrying out their duty to properly administer the trust. By operating with our clients’ interests in mind, we ensure they’re complying with the trust terms and can assist in ensuring they’re distributing or receiving assets in accordance with the law.
We can also properly examine any trust accounting conflicts or complications to correct for errors and prevent harsh penalties. Working with our team ensures you are not subject to seizure of assets or other financial issues. While there is no federal or state-level uniformity in proper accounting procedures, we have spent years mastering our approach to trust accounting, thereby offering detailed reports and ensuring compliance with all legal accounting matters.
Let GCF’s Attorneys Help with Your Trust Accounting Needs
Because trust accounting can be difficult and complex, and can result in serious penalties if such accounting is improper or incorrect, it is important to hire a professional who can analyze the trust reports and offer detailed summaries of trust activity on a regular basis. Our trust accounting attorneys at GCF take pride in their abilities to accurately present this information and assist you in the event of any discrepancies.
Want to learn more? Schedule your private consultation today.