Trust Administration

The trust administration role is central to carrying out your wishes regarding the use of assets in the trust. The trustee carries out your directions and follows your guidelines in handling the specific circumstances of each request for funds from trust beneficiaries. This involves legal interpretation of the language in the document, appropriate input from family members, as well as conformance with appropriate and applicable state trust codes. Experienced and unbiased trust administration is a vital component to implementing your plan.


Administrative Services

  • PTC trust officers provide a knowledgeable review of the client’s trust agreement and the types of assets funding the trust
  • PTC maintains scheduled or recurring payments as authorized or directed
  • PTC determines income or principal is paid as stipulated in the trust agreement
  • Trust accounting, distribution activity, transaction reporting, investment monitoring, and tax services are provided for all clients, including the preparation of appropriate tax returns and all of the trust administration in compliance with complex state and federal laws
  • PTC prepares the IRS Forms 1099 and Schedule D to track and report all taxable income and deductible expenses for grantor trusts and agencies
  • PTC prepares and files IRS Forms 1041, of other applicable tax returns for a trust and K-1s for taxable income and deductible expenses for trust beneficiaries
  • Any required accountings are filed with local courts
  • On a regular basis, PTC reviews all aspects of the trust’s administration for compliance with fiduciary laws and regulations
  • Thoughtful and unbiased exercise of distribution discretion
  • Protect and defend the trust against claimants

Investment Oversight Services

  • PTC delegates investment management, including working with the client’s preferred financial advisor, who manages the investments in the trust
  • PTC evaluates the investments to ensure they are made in accordance with the terms of the trust agreement, the investment policy statement, and in compliance with fiduciary standards for all classes of beneficiaries
  • PTC reviews the asset allocation strategy and compliance reports with the financial advisor
  • PTC monitors the illiquid assets and other non-traditional assets held within trusts