Benefits of Our Trustee Services
Serving as trustee of a trust can overwhelming, as the responsibilities are often complex and time-consuming.
Independent Trust Company can assist by serving as Agent for Trustee, allowing the trustee to retain full control over investment decisions and
discretionary distributions while we handle the administrative work.
Our support includes:
- Reviewing the trust agreement and the assets funding the trust with experienced trust
officers - Providing trust accounting, distribution processing, transaction reporting, investment
monitoring, and tax services in compliance with state and federal requirements - Preparing IRS Forms 1099 and Schedule D for grantor trusts
- Preparing and filing IRS Form 1041, other required returns, and K-1s for beneficiaries
- Preparing accountings as required by local courts
- Managing scheduled or recurring payments as directed
- Ensuring proper classification of income and principal in accordance with the trust
agreement and applicable law - Conducting regular reviews to ensure compliance with fiduciary obligations
This allows trustees to focus on their core responsibilities while relying on Independent Trust Company for accurate, compliant trust administration.
