The effective and clear management of trust administration and accounting is one of the key responsibilities of a trustee. It can be both time consuming and complex. Valuations, schedules, foreign income analysis – these are just some of the aspects that require attention. The beneficiaries need clear communication and explanation, and this all needs to be done in a cost efficient way.
Our trust administration service is designed to provide law firms with exactly the support they need to deliver the highest quality administration and to generate additional revenue whilst freeing up solicitors for more productive and profitable fee earning work.
Trust Accounts are prepared in draft for your review and approval. Bound copies in your approved style provided for you to send to the trustees. A comprehensive six monthly reporting package delivers clear investment performance and contract notes and explanatory letters are all part of the service. Critically, the charging structure is completely transparent. You know exactly what you are paying for and when.