While a trust, if properly funded, can avoid the probate requirements, trust administration still entails the preparation of accountings to trust beneficiaries. All fiduciaries are responsible for paying debts and expenses of the decedent, marshalling trust assets, promptly distributing assets to beneficiaries, and filing the requisite tax returns.”
Cathleen Schmidt Gormley, an attorney and former certified public accountant is uniquely qualified to advise fiduciaries in their duties and discuss and explain the various tax reporting duties and methods to plan for tax mitigation. She also provides services as Trustee.
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