Daily Money Management & Fiduciary Services

Assist with and/or manage the day-to-day financial and paperwork tasks such as reviewing mail, verifying and paying bills, banking, and organizing records for taxes.

Daily Money Management

  • Bill paying, including calls to payees regarding incorrect bills and preparation of checks for clients to sign

  • Reconciling checking, credit card, and investment statements

  • Maintaining organization of bank records

  • Preparing and delivering bank deposits. Arrange for direct deposits and transfers

  • Organizing tax documents to streamline tax preparation

  • Monitoring estimated tax payments

  • Documenting non-cash donations to maximize deductions

  • Monitoring credit card activity for accuracy and to avoid fraud. Negotiating with creditors

  • Deciphering medical insurance papers and verifying proper processing of claims

  • Preparing an inventory of important documents

  • Interacting with legal, tax, and investment professionals

  • Acting as power-of-attorney or representative payee for Medicare, Social Security Administration, and other financial institutions

  • Maintaining home payroll records for use in preparation of payroll tax reports

  • Preparation of payroll checks for home employees including calculation of Federal and state withholding and FICA taxes

Federal Fiduciary

When appointed by the Veterans Administration as a federal fiduciary for our client, we are responsible to the beneficiary, to oversee financial management of VA benefit payments, and follow all VA requirements including but not limited to:

  • Submitting periodic accounting’s when required

  • Communicating with VA

  • Managing the beneficiary‘s VA income

  • Ensuring the beneficiary‘s just debts are paid

  • Utilizing the funds for the daily needs (e.g., food, clothing, housing, medical expenses, and personal items) of the beneficiary and his/her recognized dependents

  • Keeping accurate, complete records and receipts, regardless of any requirement to submit periodic accounting’s