Court accounting is strictly mandated and requires specialized services. Also referred to as fiduciary or trust accounting, it is promulgated by the statutes set forth in the Uniform Principal and Income Act (UPIA). The required format of these financial reports is quite different than traditional financial statements. Besides requiring a much greater level of detail of financial transactions, the way in which the information must be presented can vary depending on the nature of the entity and the specific requirements of the courts. Even minute errors in formatting can cause unnecessary delays in the legal process.
Patrick & Buzarellos, LLP has extensive experience working with a network of conservators. We provide court accounting packages for conservatorships, estates and trusts. Our services include the preparation and maintenance of court accounting financial statements which comply with UPIA and GAAP, as well as the related trust administration, and income tax preparation.