Most CRT trustees, whether they are individuals or part of an
organization, look for some type of assistance in carrying
out
their fiduciary responsibilities. It may be asset management,
legal counsel, or administration. Many have found that
trust tax reporting is the area that troubles them the most,
and is
where they are willing to pay for help. Even the IRS admits
it is no easy task to file split interest tax information returns.
Here is a section right out of the 2007 IRS Form 5227 Instructions:
"The
time needed to complete and file this form will vary depending
on individual circumstances. The estimated average
time is:"
|
| Recordkeeping.... |
71 hr.,
16 min. |
| Learning
about the law or the form..... |
19
hr., 47 min. |
| Preparing
the form..... |
40 hr.,
25 min. |
| Copying,
assembling, and sending the form to the IRS..... |
5 hr.,
22 min. |
And this is just one of the forms
the trust is required to file! CRTPro offers professional
services that meet the tax reporting and administration needs
of most CRT trustees. Depending on your needs,
you can pay less for CRT administration services with CRTPro than
almost any trust company service or third party administrator
service available nationwide. You will receive
prompt, professional service from CRTPro, and have confidence
that the reporting and administration for your trust will be done
accurately and on time.
Go with the
pros! CRTPro!