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.
start your success journey
Boulay’s WealthNAV™ Experience takes a step-by-step approach, guiding you through life’s journey. We explore what you value—your interests, hopes and goals to develop a personalized wealth and tax strategy plan. With ongoing evaluation, we help you visualize where you want to be in the future, helping you create clarity and an enduring legacy that passes on your values and wealth.
Wealth Management Team
Talk to an Advisor
Our advisors are ready to help you set and reach your personal financial goals. We focus on understanding your desires to model scenarios and make personalized recommendations. Request a meeting to speak with one of our experienced advisors today!
Latest Insights
Selling to an ESOP: Shared Benefits for Business Owners and Employees
When planning their exit strategy, business owners must weigh numerous worthwhile alternatives. One option worth …
Beyond Conventional Limits: Mortgage Insights for High-Net-Worth Borrowers
A high-net-worth borrower looking for a mortgage faces unique financial challenges and opportunities. A conventional …
Portability Powers and Pitfalls: What You Need To Know about Estate Planning
If you are married and have a sizable estate, there is a tax-saving strategy to …
Security Spotlight: Endpoint Detection and Response
In our increasingly digital world, organizations face new and persistent threats to cybersecurity. Endpoint Detection …