The administration of a trust requires accuracy, efficiency, and diligence. As such, we offer the following explanation of transfer trust administration and new trust administration checklist in Coppell, TX. Call or email us for additional details and consultations.
NEW TRUST
Initial Trust Administration Checklist In order to begin administration of a NEW trust, the following items will need to be completed:
Complete Trust Administration Agreement: signature of trustee(s) on page 7 and 8
Complete Charitable Trust Administration Data Form: trust ID number, date of birth and Social Security number(s) of trustee(s), advisor information, distribution frequency, payout percentage, type of trust, fee and distribution information and account number
Complete Trust Contribution Data Form: detail list of assets contributed, signature of trustee(s)
Complete Address of Record and Duplicate Statement Requests: establish Address of Record for all custodian accounts as the trustee's home address; request duplicate copies of all statements and transaction confirmations for Family Legacy Administration Services
Send original Family Legacy Administration Services Forms, Copy of Trust Document and Copy of Account Statements: all forms, documents and statements should be mailed to Family Legacy Administration Services, Inc. corporate office at 5005 West Royal Lane, Suite 252 Irving, TX 75063 Phone (972) 330-2375.
Arrange for Payment of Initial Trust Administration Fees: The trustee may either send in payment for the initial administration fees along with the Trust Agreement Form or Family Legacy Administration Services, Inc. can arrange for an immediate distribution from the trust account custodian if all account information is provided.
Please feel free to call us should you have any questions when setting up a new trust at (972) 330-2375 or (888) 534-2294.
TRANSFER TRUST
Initial Trust Administration Checklist In order to begin administration of a TRANSFER trust, the following items will need to be completed:
Trustee(s) should send Old Administrator a Termination Letter: a sample termination letter is enclosed
Complete Trust Administration Agreement: signature of trustee(s) on page 7 and 9
Complete Charitable Trust Administration Data Form: trust ID number, date of birth and Social Security number(s) of trustee(s), advisor information, distribution frequency, payout percentage, type of trust, fee and distribution information and account number
Complete Trust Contribution Data Form: detail list of assets contributed, signature of trustee(s)
Complete Address of Record and Duplicate Statement Requests: establish Address of Record for all custodian accounts as the trustee's home address; request duplicate copies of all statements and transaction confirmations for Family Legacy Administration Services.
Send Original Family Legacy Administration Services Forms, Copy of Trust Document and Copy of Account Statements: all forms, documents and statements should be mailed to Family Legacy Administration Services corporate office at 5005 West Royal Lane, Suite 252 Irving, TX 75063 Phone (972) 330-2375.
Arrange for Payment of Initial Trust Administration Fees: The trustee may either send in payment for the initial administration fees along with the Trust Agreement Form or Family Legacy Administration Services can arrange for an immediate distribution from the trust account custodian if all account information is provided.
Family Legacy Administration Services will be glad to assist in each step of the takeover process. Please feel free to call us at (888) 534-2294 (or local at (972) 330-2375).
