Fiduciary Accounting Services | California & Nationwide
Fiduciary accounting is the bookkeeping behind a trust, an estate, or a conservatorship. It tracks receipts and disbursements, separates principal from income, and reports what the estate holds at the end of each period. Streamline Bookkeeping maintains those records and produces the accounting.
One discipline, different reports
A conservatorship reports to the court on Judicial Council forms. A trust reports to its beneficiaries. A decedent’s estate reports to the court. Special needs trusts have their own reporting.
The reports differ. The bookkeeping under them does not. Every transaction classified by type and by principal or income when it occurs. Carry value tracked separately from market value on every non-cash asset. Documentation attached while the answer is still available.
Streamline keeps that layer on each matter so the report comes from records rather than from reconstruction.
Detail on each: trust accounting, court accounting, conservatorship accounting
What gets maintained
- Every transaction categorized by type and by principal or income at the time it occurs
- Carry value tracked separately from market value for each non-cash asset
- Documentation attached to anything a beneficiary or a court would ask about
- Books that support Form 1041 and the accounting schedules from the same data
Services
- Trust accountings for beneficiaries
- Estate accountings for executors and administrators
- Conservatorship and guardianship accountings on Judicial Council forms
- Special needs trust accountings
- Reconstruction of prior periods where records were not kept
- Monthly bookkeeping between accounting periods
Who we work with
Professional fiduciaries, family members serving as trustee or executor, estate planning and probate attorneys, and CPAs who prepare Form 1041 and need the accounting produced separately.
Streamline Bookkeeping works with families, estate planning attorneys, and professional trustees in Los Angeles, Orange County, San Francisco, across California, and nationwide. Reach out to discuss a matter.
*Bookkeeping services only. Not legal or tax advice. Filing requirements and deadlines come from the court and the attorney on the matter.*