Trustee Support

Assisting trustees with fiduciary responsibilities

As a trustee for a family or charitable trust, you are responsible for many fiduciary and administrative tasks for the trust beneficiaries. Our team helps you manage these obligations by providing fiduciary consulting and accounting and tax compliance.

how we help you get there

Investment Advisory

Working together with the trustee, we help create efficient and suitable investment policy statements. A trustee may appoint Boulay as the investment manager or as an independent consultant to administer the current allocation and managers. Either way, we work to move the trust’s portfolio from current to proposed strategies. This may consist of manager changes, exposure to new asset classes and/or consolidation within a single custody platform.

Comprehensive Financial Planning

To give trustees peace of mind they are making the best decisions for the beneficiaries of the trust, we assess the beneficiaries’ income needs to create a financial strategy that helps them manage their cash flow. We also provide financial education to beneficiaries if desired.

Trust Accounting

To help trustees perform their responsibilities and to keep beneficiaries informed, we provide reporting and recordkeeping—including income and principal separation, full transaction history, trades and distributions, and quarterly statements.

Tax Compliance

As an accounting firm, we prepare annual trust tax returns and related estimated payments. We help with document compliance, including forms 1041, 1040, 709, etc.