The Estate Settlement Service

PROBLEM: Few executors or trustees have the time, interest or experience to efficiently administer the settlement of an estate.

Elephant

SOLUTION: Anodos helps executors settle the estate twice as fast at half the cost with lower risk. We do this by taking the “small stuff” off your desk so that you can focus on the “big stuff”.

How We Do It

The successor trustee or the drafting attorney hires Anodos staff of settlement experts to expedite the administration We have the experience to manage all aspects of the settlement from the initial notice of death through the date of death valuation, marshalling of the estate assets, preparation of NOPAs if needed, authoring of a trustee compensation study, production of the annual account, through the final allocation, disposition and settlement agreement. We will manage as much of the settlement project as we are given responsibility for by the successor trustee or the drafting attorney.

Who Is Our Client

Our settlement team can be engaged by either the successor trustee or their legal counsel. We do not aspire to replace any of the other settlement team members’ core competencies. We will do the work that no other member of the settlement team has the time, interest, or competency to do Our ambition is to help settle the estate twice as fast at half the cost with less risk than could reasonably be done if we weren’t involved. 

What's Included

  • TASK LIST: We develop and maintain a comprehensive and detailed task list of all activities of the settlement through robust project management software.
  • PROGRESS REVIEW: We hold bi-monthly phone calls (15-20 minutes) with the trustee to report on the progress and completion of the assigned tasks.
  • MONTHLY REPORTING: We provide a monthly written report to the settlement team (trustee, attorney, CPA) on the progress of the settlement with particular emphasis on the tasks that are “stuck” and need attention.
  • GOVERNANCE REPORTING: As governance experts we provide reports and documents for the administration which include, but are not limited to a (1) date of death balance sheet, (2) trustee compensation recommendation, (3) Investment Policy Statement for the trust assets, (4) detailed exhibits for the production of the 706 when needed and (5) production of the Annual Account for the trust beneficiaries.
  • ONLINE VAULT: Anodos maintains an online vault in which all critical documents, communications, exhibits, and other supporting work products are stored securely.
  • SERVICE PROVIDERS: Where the trustee does not currently have support from service providers – bookkeepers, appraisers, asset inventory managers, locksmiths, rubbish removal, brokerage services, et cetera – Anodos will find reputable local candidates for the trustee's consideration.

Simple Pricing

The fee for the Estate Settlement Service is $3,000 per $1.0m of estate value, with a minimum fee of $12,000. This fee is paid by estate/trust and does not does reduce the compensation paid to the executor/trustee.

Schedule a call if you think we can help.

Common Questions...

  • How much should I pay myself to be the trustee?
  • How can I reduce the time and cost of the trust settlement?
  • How do I know if the investment manager is doing a good job?
  • Who did your cool stickman sketches?