An industry-first automated task list for trust practitioners will be showcased at booth 513
Montreal, Quebec, Canada — January 8, 2024 — Estateably, a leader in cloud-based estate and trust administration software, will unveil its new trust management system at the 58th Annual Heckerling Institute on Estate Planning in Orlando, FL, from January 8th to 12th, 2024. Estateably’s latest application equips attorneys who act as trustees or advise their trustee clients on their duties with a new set of technology-driven tools to streamline and improve the entire trust administration process.
Estateably's trust administration system includes over a dozen trust-type specific task lists vetted by industry experts. The intuitive application simplifies complex trust management processes, guiding trustees on essential tasks, their importance, and the appropriate timing for execution. Tailored to more than a dozen of the country’s most popular trusts, the system provides interactive guidance and prompts, ensuring trustees manage different trust scenarios effortlessly and effectively.
"We continue to build and add new innovative features to our platform based on client feedback, and support for trusts was at the top of the list,” said Ari Brojde, Co-Founder and CEO of Estateably. ”As the great wealth transfer accelerates, combined with the sunsetting of current estate tax exemption amounts, we expect more individuals to use trusts to protect their financial legacies and navigate the changing tax environment. We’re excited to showcase our trust management system alongside our fiduciary accounting application at this year’s Heckerling conference.”
The trust administration application fully integrates into the Estateably platform and can be customized to connect seamlessly to enterprise-level systems. Other highlights include:
The system functions as a detailed guide, breaking down complex trust processes into manageable tasks, complete with comprehensive descriptions and explanations. Automated prompts assist trustees with the next best action throughout the administration process, giving them more confidence and tools to service their clients' trusts.
It ensures trustees consistently comply with current regulations and reporting requirements, incorporating essential forms and documentation to minimize errors and omissions. The automated system keeps current with regulatory requirements and allows state-specific customizations and client directives.
This feature enhances communication within teams and with clients, emphasizing the importance of regular and effective communication with all trust stakeholders. It includes robust reporting and record-keeping capabilities, which help strengthen client relationships. These tools ensure all parties, including beneficiaries, are kept fully informed and engaged in the trust management process.
Visit Estateably at the Heckerling Institute on Estate Planning conference at booth 513 for a full demo, or contact our team for more information: https://bit.ly/473TFcs
Estateably is a leading cloud-based platform enabling professionals to streamline their estate and trust administration practices. Professionals save time through the automation of probate forms and precedent letters, the ability to manage inventory and contacts with easy-to-use accounting and one-click reports. The award-winning platform is used by over 800 firms and over 2,500 practitioners across Canada and the United States. Estateably is SOC2 Type II certified. The company has been voted the top estate and trust administration software by Canadian Lawyer Magazine and named an industry leader by American LegalTech and others. Learn more at www.estateably.com
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