Bank Statement Converter for Trust Account Administration

Trustees managing revocable or irrevocable trusts must provide annual accountings to beneficiaries and, in some cases, to courts. Convert your trust account bank statement PDF to Excel to prepare trustee accountings, beneficiary reports, and trust administration records.

Key Benefits

• Exports all trust account transactions for annual trustee accounting
• Works with all major trust department banks and custodial institutions
• Excel format accepted by trust attorneys and trust court administrators
• Separates trust income from trust principal transactions
• Supports revocable, irrevocable, special needs, and charitable trust accounts

How It Works

1. Step 1: Upload your trust bank account statement PDF
2. Step 2: Select Excel output
3. Step 3: Download and categorize transactions as income or principal
4. Step 4: Use for annual beneficiary accounting or court-required trust reporting

Frequently Asked Questions

What bank statement records do trustees need for annual accounting?

Trustees must provide an annual accounting showing all receipts and disbursements. Export 12 months of trust account statements to Excel, categorize each transaction as income (interest, dividends, rents) or principal (asset sales, contributions), and calculate beginning and ending balances. This is the basis for the Trustee's Annual Account filed with beneficiaries or the probate court.

Can bank statements replace formal trust accounting software?

For simple trusts with straightforward cash flow, bank statement Excel exports are often sufficient for annual accountings. Complex trusts with multiple asset types (real property, investments, business interests) may require formal trust accounting software (Quicken Legal, Estateably, InterAct). Consult your trust attorney on the level of detail required for your specific trust.

Convert Trust Account Statement Free