Whether it is answering questions about the probate process, preparing an Estate Inventory or Accounting from scratch, or fixing one that has been rejected by the Commissioner of Accounts, Oakhill FSS is designed to meet all of your court accounting needs as a fiduciary. Bill Pierce, the owner and founder of Oakhill FSS, has over 40 years in the trust and estate industry and has prepared hundreds of Inventories and Accountings in his various roles in the Estate and Trust field working in bank Trust Departments, CPA firms, and law firms. Large or small estates, one asset or one hundred, we have seen it, dealt with it, reported it, and distributed it.

 

Oakhill FSS is not a law firm or a CPA firm. We do not provide legal or tax advice. What we do, with single-minded focus, is get you through the most detailed and time-consuming part of your job as a fiduciary.

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We do work in concert with other legal or tax professionals who may be assisting you. Many of these other professionals find our reports useful in analyzing liquidity or distribution issues or in preparation of the fiduciary tax returns related to the estate or trust. We, of course, welcome and encourage any oversight or review of our finished product by you and your advisors.

 

If you are a lawyer or CPA, engaging Oakhill FSS to handle the probate and accounting functions your clients need allows you to focus on the areas of your practice where you bring the most value while retaining the relationship with the client. Even if you have a practice where trust and estate work is a significant portion of your practice, there may be times when the volume of work exceeds your office’s ability to process it in a timely fashion such that it doesn’t negatively impact work with other important clients. Oakhill FSS can step in and work behind the scenes to provide you with the finished reports while you remain integral to assisting your trust and estate client with other “big-picture” objectives.

 

You and Oakhill FSS start out with the same goal in mind - getting to zero. Everything that comes into the estate, leaves the estate, and doesn’t stay in the estate any longer than necessary. In the estate settlement world, closure (i.e. getting to zero both in dollar terms and metaphorically speaking) is a wonderful and joyful experience.

 

There are many moving parts in the estate settlement process. We can also assist with the following:

• Helping you establish timelines and deadlines for accountings and tax returns

• Filing life insurance claims

• Preparation of documents needed for initial probate appointment with Circuit Court Probate Office as well as Notices of Probate to heirs and beneficiaries, Affidavit of Notice; and Statement in Lieu

• Identifying ownership of various accounts, assets, and beneficiary designations

• Asset transfer (from decedent to estate and from estate to beneficiary)

• Assembling information needed for preparing and filing individual, fiduciary, estate, and gift tax returns

• Monitoring the  progress of various tax returns and be a valuable resource for the tax preparer