Trust Management
Our Proprietary Tools: Trustee Scorecard™
The Trustee Scorecard is a comprehensive trust administration and compliance service designed to streamline various aspects of trust management for individual trustees of Irrevocable Trusts. This encompassing service includes crucial features such as asset tracking, beneficiary reporting, Investment Policy Statement (IPS) management, income tax planning for trusts and beneficiaries, generation-skipping distribution planning, coordination of 1041 tax preparation, trust longevity planning, assistance with trust beneficiary distribution requests, and, when necessary, trust accounting.
Trustees play a pivotal role in administering trusts, ensuring adherence to trust agreements, and safeguarding the best interests of beneficiaries. The Trustee Scorecard™ employs key performance indicators (KPIs) to evaluate the trustee's effectiveness in overseeing trust assets and fulfilling responsibilities. This specialized scorecard serves as a valuable tool for assessing and improving the performance of individual trustees, particularly within Irrevocable Trusts.
Components of our Scorecards™ may include:
Fiduciary Duty Support
Helping the trustee uphold their fiduciary duty by reinforcing principles of loyalty, prudence, and consistently acting in the best interests of the beneficiaries.
Investment Oversight
Supporting the trustee in monitoring investment performance, ensuring returns are aligned with the trust's objectives and that risk management aligns with the trust’s stated strategy.
Risk Mitigation Guidance
Assisting the trustee in identifying and managing risks related to trust assets, with careful attention to the risk tolerance and directives set forth in the trust document.
Transparency Support
Enhancing the trustee’s ability to communicate effectively and transparently with beneficiaries by providing tools, reports, and meeting structures to ensure clarity and trust.
Legal & Ethical Integrity
Helping the trustee maintain compliance with legal obligations and ethical standards, while avoiding conflicts of interest and preserving the integrity of trust management.
Regulatory & Tax Compliance
Assisting the trustee in staying current with legal and tax regulations, and supporting timely, accurate reporting to fulfill all regulatory obligations.
Administrative Cost Management
Providing insights and tools to help the trustee manage trust-related costs efficiently, including evaluating fees and minimizing unnecessary administrative expenses.
Disbursement Oversight
Supporting the trustee in reviewing and executing distributions in a timely and appropriate manner, ensuring alignment with the trust’s terms and the financial needs of beneficiaries.
Record-Keeping Excellence
Helping the trustee establish and maintain organized, transparent, and complete documentation of all trust activities and transactions.
Trustee Succession Planning
Advising the trustee on readiness and strategies for smooth transitions, whether due to retirement, incapacity, or changes in trustee responsibilities.
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Fiduciary Duty Adherence
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Investment Performance
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Risk Management
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Communication and Transparency
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Legal and Ethical Standards
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Compliance and Regulatory Adherence
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Cost Management
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Distributions and Disbursements
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Record Keeping
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Succession Planning
At Pinnacle, we help individual trustees fulfill their fiduciary responsibilities, manage trust investments and handle trust administration with a range of services.
Basic Trust Program
A specialized service catering to trusts with liquid assets totaling less than $500,000.Program Includes: Trustee Scorecard, Trust Longevity Plan, Asset Tracking and Performance Reporting, Online Trustee Portal, Investment Advisory services and one meeting per year.
Program Fees: Trust WM Fee Schedule on managed assets + $250 quarterly planning fee + 15 bps performance tracking fee for non-managed assets.
Minimum Annual Fee=$3,000
Lifetime Trust Program
A specialized service catering to trusts with liquid assets ranging from $500,000 to $10,000,000.Program Includes: Trustee Scorecard, Trust Longevity Plan, Asset Tracking and Performance Reporting, Online Trustee Portal, Investment Advisory services and two meetings per year.
Program Fees: Trust WM Fee Schedule on managed assets + $250 quarterly planning fee + 15 bps performance tracking fee for non-managed assets over $250K.
Minimum Annual Fee=$5,000
Enhanced Trust Program
A specialized service catering to trusts in liquid assets greater than $10,000,000 and/or holding passive business interests.Program Includes: Trustee Scorecard, Trust Longevity Plan, Asset Tracking and Performance Reporting, Online Trustee Portal, Investment Advisory services and three meetings per year.
Program Fees: Trust WM Fee Schedule on managed assets + $750 quarterly planning fee + 15 bps performance tracking fee for non-managed assets over $500K.
Minimum Annual Fee=$10,000
Comprehensive Trust Program
A specialized service tailored for trusts with diverse non-liquid investments.Program Includes: Trustee Scorecard, Trust Longevity Plan, Asset Tracking & Performance Reporting, Online Trustee Portal, Investment Advisory services and four meetings per year.
Program Fees: Trust WM Fee Schedule on managed assets + $1,250 quarterly planning fee + quarterback fee based on trust complexity +15 bps performance tracking fee for non-managed assets over $1M.
Minimum Annual Fee=$20,000
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Basic Trust Program
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Lifetime Trust Program
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Enhanced Trust Program
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Comprehensive Trust Program
