Trust & Estate Accounting for Executors & Trustees in Long Island, NY
If you’re administering an estate or managing a trust in Port Jefferson Station, St. James, or anywhere in Suffolk County, our CPA team provides precise trust accounting services in NY—from asset inventories and income tracking to clear beneficiary reports and court-ready accountings. We make complex fiduciary accounting understandable and compliant.
Specialized Fiduciary Accounting, Done with Care
Executors and trustees carry legal duties to account for assets, income, expenses, and distributions. We handle the details—so your records align with court expectations and beneficiaries stay informed. Our Long Island team prepares clear, accurate reports you can rely on during probate or ongoing trust administration.
Trust Accounting Services
Transparent, consistent reporting for revocable, irrevocable, and family trusts—tailored to New York requirements.
Maintain detailed ledgers of trust assets and basis
Track income (interest, dividends, capital gains) and allocate principal vs. income correctly
Record trustee fees, administrative costs, and third-party expenses
Document beneficiary distributions with supporting schedules
Prepare periodic accountings for beneficiaries and counsel
Coordinate with tax filings as needed (see Estate & Trust Tax Preparation)
Estate Accounting for Executors
When a loved one passes, the paperwork can feel overwhelming. We compile the initial inventory of estate assets, verify date-of-death values, track debts and administration expenses, and record every distribution to heirs. The result is a clear estate accounting in Suffolk County that aligns with probate expectations and reduces the risk of beneficiary disputes.
Working closely with your attorney, we produce the schedules and summaries needed for Surrogate’s Court—organized, reconciled, and ready for review.
Collaboration with Attorneys You Can Count On
Local estate attorneys refer clients to our firm because we deliver accurate, court-ready fiduciary reports and communicate promptly. Whether you need a one-time final accounting or ongoing trustee support, we align our work with your attorney’s requirements to keep matters moving.
Accuracy, Transparency, and Peace of Mind
With a CPA managing the books, you’ll have reconciled balances, clear principal-versus-income allocations, and documentation that stands up to scrutiny. We explain each schedule in plain English, provide summaries to share with beneficiaries, and outline next steps so you always know what’s left to do. Serving Port Jefferson Station, St. James, Setauket, Smithtown, Nesconset, Mount Sinai, Lake Grove, and nearby communities.