Fiduciary Accounting Solutions for trustees, Attorneys, and more

Your Outsourced Fiduciary Accounting Team!

Fiduciary Accounting

 

WE ARE YOUR PARTNER IN DELIVERING SOLUTIONS TO ACCOUNTING CHALLENGES AND MEETING YOUR FIDUCIARY RESPONSIBILITIES

 

Beachwood Financial Solutions is a specialized accounting firm that partners with trustees, attorneys, financial institutions, CPA firms, and others with fiduciary accounting needs. Our focused objective is to be the premier provider of accounting for trusts, estates, and conservatorships in California.  We meet the challenges of tracking and documenting complicated financial transactions into a simple, straightforward process – providing you with actionable information. Regardless of your situation, our final reporting will fulfill all legal requirements and fiduciary responsibilities.


 

Tracking & Organizing

We work with you to identify and gather all relevant and required financial information necessary for reporting. We provide a means of managing and organizing your information so it’s readily all interested parties.

Documentation

We’ll turn volumes of financial transactions into concise information, meeting all probate code requirements. We understand and address the needs of your unique case.

Reporting & Setting the Narrative

Our focus is to ensure that you are able to provide a complete and accurate account of your period of responsibility, whether you are reporting to beneficiaries of the probate court preparing for legal proceedings.

 

 

WHAT WE DO

WE WORK TO REPORT ALL THE TRANSACTIONS WITHIN A TRUST, ESTATE OR CONSERVATORSHIP AND UNDERSTANDING THE NUANCES OF EACH CASE TO PRESENT A NARRATIVE THAT WILL BE UNDERSTOOD BY ALL.

 

A fiduciary accounting is a comprehensive report of the activity within a trust, estate, or conservatorship that is prepared in accordance with the California Probate Code. Our clients, which include attorneys, bank trust departments, individual trustees, and court-appointed administrators, look to FAS to fulfill the following duties:

 

Collect Information

We assist our clients to identify, gather, and organize the bank statements and supporting documents required to complete the fiduciary accounting.

Identify Assets

Our review of each case includes identifying and confirming the assets held in the trust or estate, ensuring all assets have been accounted and verified.

Accounting Schedules

We document each transaction separately, confirm and clarify transaction descriptions, and report each transaction on the appropriate accounting schedule.

Income Vs Principal

Our extensive experience and knowledge of UPAIA requirements allows us to complete the allocations of income and principal quickly and accurately.

Distribution Proposals

In the event of closures or legal settlements, we will prepare a proposed distribution schedule to clearly present the division of assets between beneficiaries.

Fiduciary Accounting Review

We will review and correct any previously prepared accounting's that are out of balance or incomplete to present a narrative that will be understood by all.

 

 

HOW WE WORK

OUR PROVEN METHODOLOGY WILL TRANSFORM DETAILS AND CLARIFY COMPLEX TRANSACTIONS, RESULTING IN A FIDUCIARY ACCOUNTING THAT PROVIDES YOU WITH CONFIDENCE IN YOUR ROLE AS TRUSTEE, EXECUTOR OR CONSERVATOR.

 

Our process begins with a review of the case, including an understanding of the assets, the trustee or executor’s role to date, and the reason for preparing the accountings. We then proceed to a deeper understanding of each individual asset, including title, institution and activity level allowing FAS to identify the documentation and research that will be required to complete the fiduciary accounting. Our experience allows us to move through the documentation quickly and effectively to identify any missing information and complete the schedules. Finally, we will present a draft of the fiduciary accounting for your review including suggested footnotes or supplemental schedules.

 

 

FOR THE TRUSTEE / EXECUTOR / CONSERVATOR

We understand this can be a stressful and potentially overwhelming process. We will seamlessly navigate this process, ensuring that all required information is gathered and ultimately presented in a full and accurate account of the activity under your responsibility for discussion with your counsel or other third parties.

FOR THE LAWYER

We will work directly with your client, freeing you and your staff to work on other aspects of the case, while maintaining close communication with your office should any legal issues arises. Alternatively, we will work directly for you and your office to maintain the attorney/client privilege.

 

 

Contact Us Today

 

Contact Information

Feel free to contact us with any of the below medium:


Business Hour

Monday-Friday : 9am to 6pm, – Saturday :
10am to 2pm


Building Address

2667 Camino Del Rio S., Suite 103
San Diego, CA 92108


Email Address

info@beachwoodfinancial.com


Phone Number

619-800-0389

 

 

© 2020 Beachwood Financial Solutions
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