Management

• Claims review, audit, and analysis
• Claims processor review, evaluation, and oversight
• Budgeting, cash flow, and variance analysis
• Payment percentage evaluation
• Coordination of financial statement audits and tax return review
• Claims database analysis and management
• Document management and information security
• Insurance recovery
• General administration

Trust origination and oversight

• Trust governing document review and analysis
• Investment policy establishment and oversight
• Special purpose financial reporting

Simplifying the fiduciary’s duty to account and inform

A trustee has a fiduciary duty to provide relevant information to the beneficiaries of the trust. Increasingly, best practices and state statutes require an accounting of transactions on an annual basis to the beneficiaries of the trust. An accounting is also often mandated by the trust instrument, or requested by a beneficiary who suspects the trustee has violated the terms of the trust instrument.

Trust accounting does not always follow a universal standard or requirement. At Gleason, we have experience working with trusts in a variety of states and jurisdictions requiring diverse reporting formats. Our extensive experience in trust accounting allows us to efficiently and effectively assist fiduciaries in their duty to account and inform beneficiaries. At Gleason, we work with fiduciaries and beneficiaries to:

• Review historical books and records of the trust
• Identify acceptable format based on state jurisdiction or beneficiary request
• Determine the appropriate allocation between income and principal
• Prepare accounting of transactions
• Provide benchmarking analysis

Our experience in trust matters also includes customized services to address specific needs of our clients. We have provided consulting services on specific, one-time matters as well as complex, recurring services to assist the trust to effectively fulfill its requirements.