Trust Administration Services

Trust services are offered through Charles Schwab Trust Company of Delaware (CSTCD). Schwab's Personal Trust Services offers an easy way to manage your trust assets with a combination of trust expertise and knowledge, coupled with a single online system that provides maximum flexibility. Our trust offering includes administrative corporate trustee services as well as support for individual trustees. When working with Charles Schwab Trust Company of Delaware as a fiduciary administrator Schwab will handle the following tasks:

  • Income and principal distributions made according to the trust document

  • Accounting and recordkeeping of trust activity

  • Preparation and filing of federal and state tax returns

  • Monthly reporting of trust assets and activity provided to you 

Trust Reporting Services

As a separate service, Personal Trust Reporting Services (PTRS) delivers trust accounting and back-office support, including principal and income trust reporting and recordkeeping, for our clients who serve as trustee themselves. This service offers a single, fully integrated trust accounting and trading platform for trust and non-trust assets.

PTRS provides trust accounting functions that include:

  • Detailed trust accounting, including automated separation of principal and income

  • Payment of scheduled disbursements to beneficiaries and third parties (calculated and fixed), upon trustee direction

  • Online access to process disbursements, code trust-related principal and income, obtain tax information and add comments to transactions

  • Trust accounting reports, including a brokerage statement with supplemental trust reporting and a separate Trust Report

  • Tax worksheets for trustees and tax preparers including complete trust tax and expense reporting, supplementing the brokerage 1099

  • Recordkeeping of personal tangible and intangible property owned by the trust but not held at Schwab (e.g., real estate, collectibles, partnership interests, etc.)