The Annual Account

Problem: Few trustees fulfill their duty to provide an Annual Account (California Probate Code §16061) to the trust’s beneficiaries. Complicating this problem is that few tax professionals provide this service for their clients who are trustees. 

Technology

Solution: Anodos helps trustees by producing the Annual Account which reduces the trustee's risk.

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What We Provide

  • Beginning assets and liabilities
  • Total receipts
  • Total distributions to beneficiary
  • Total trustee compensation
  • Total agents' compensation
  • Other disbursements and administrative expenses
  • Change in asset value during the reporting period
  • Ending assets and liabilities
  • Notice to the beneficiaries that they can have the account reviewed by the court
  • Notice to the beneficiaries they must bring an action before three years have elapsed

Simple Pricing

0.03%

of Trust Corpus

The fee for the Annual Account is $300 per $1.0m of trust assets, with a minimum fee of $3,000. This fee does not reduce the compensation paid to the trustee, but is paid by the trust.

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Helpful Stuff

Link to resource

The Annual Account and The Trustees Duties

Schedule an initial call if you think we can help.

Common Questions...

  • How much should I pay myself to be the trustee?
  • How can I reduce the time and cost of the trust settlement?
  • How do I know if my investment manager is doing a good job?
  • Who did your cool stickman sketches?