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