Trustate offers an estate administration and trust funding automation platform that utilizes task automation and real-time asset discovery to enhance workflow efficiency for trusts and estates professionals. By streamlining task management and providing instant accountings, Trustate addresses the complexities of estate management, enabling firms to improve productivity and client service.
Funding
$1.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
IVFounders
Product
Problem
Estate administration and trust funding involve numerous complex tasks, often handled manually, leading to inefficiencies and increased operational costs for trusts and estates professionals. Managing these processes across multiple platforms and data sources can be time-consuming and prone to errors.
Solution
Trustate provides an end-to-end platform designed to automate and streamline trust and estate administration. The platform offers features such as task automation, real-time asset discovery, and automated trust funding to enhance workflow efficiency. By centralizing estate information into a single dashboard, Trustate enables professionals to delegate tasks, track progress, and collaborate with team members. The system also automates the generation of estate planning documents and facilitates the closing and transfer of accounts.
Target Audience
Trustate primarily serves attorneys, wealth managers, and trust companies involved in estate planning, trust funding, and estate administration.
Features
- Task automation system with pre-populated workflows for common estate administration tasks
- Real-time asset and liability discovery through partnerships with global data providers
- Automated trust funding capabilities, including preparation of deeds and beneficiary change forms
- Estate balance sheet generation with automated calculations for estate tax, principal, and income
- Collaboration tools for assigning tasks, tracking progress, and integrating tax filing deadlines
- Document generation for wills, trusts, and powers of attorney
- Integration with calendar applications for deadline management