Sophisticated estate planning is an ongoing process. After objectives have been clarified, goals set and documents signed, your estate plan requires careful maintenance to accomplish its long-term objectives. McDonald & Kanyuk provides fiduciary services for our clients who have established irrevocable trusts, limited liability companies, family limited partnerships and private foundations. These services allow our clients to maintain their carefully crafted plans in an efficient, cost-effective and professional manner.
Our fiduciary services department provides a wide range of administrative services, including trust administration, planning for and implementation of required distributions, and arranging for the preparation of partnership tax returns for limited liability companies and family limited partnerships. We also coordinate portfolio management and investment manager evaluation. By “packaging” all of the administrative services, clients are relieved of the responsibility of coordinating the various professionals (accountants, investment managers, etc.) who participate in the plan.
The fees for our fiduciary services are based either on the market value of the assets we administer or on an hourly rate. Fees are based upon the type of entity for which we provide services and the specific arrangement for investment management services.
