Trust Administration Services

Trust services are offered through Charles Schwab Trust Company (CSTC). Schwab's Personal Trust Service 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 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.)