We specialize in Probate; Trust and Estate Administration with an emphasis on Tax and Financial Management. We get a lot of satisfaction in making sure people feel secure that their (a) final wishes will be honored, (b) succession plans are implemented and (c) legacy is preserved.
Vision Statement:
Brown Management is recognized as the primary private fiduciary alternative to the corporate trust/bank officer fiduciary.
We are distinguished by offering total flexibility, complete independence, transparency, continuity with personal involvement, depth in expertise, and cost effective fees.
Our “Eldest Son for Hire (active successor)” and “Eldest Son In-Waiting for Hire (passive successor)” services are the standard for family members to select in the creation/implementation of their Trust and Estate documents.
Our involvement provides a Conflict Resolution to help families avoid, end or reduce expensive litigation and internal strife.
We offer a complete suite of services: (1) Trusts Administration, (2) Estate Administration, (3) Probate Administration, (4) Life Management Services with Conservatorships/ Guardianships, (5) Special Needs Trusts, (6) Tax and Accounting, (7) Real Estate Asset Management, (8) Business Advisory Services, (9) Philanthropic Services, (10) Royalties Management.
Brown Management is a professional services firm that specializes in providing comprehensive tax, accounting, financial (business) management and fiduciary management services for individual clients with assets; including small and medium sized businesses. Primary services include professional executor/personal representative, trust/estate administration, earnings restatement, tax planning and preparation. Our mission is to simply bring order to the complexities of managing your financial affairs.
What is a Private Professional Fiduciary?
A professional fiduciary is an umbrella term used to describe a personal representative. We are licensed under the probate code and either hired by the family or appointed by the probate court. A Professional Fiduciary encompasses multiple job titles:
Executor
Trustee / Successor Trustee
Trust / Estate Administrator
Guardian
Conservator
Representative Payee
Why hire a Professional Fiduciary?
Death, disability, and disease cause upheaval and unexpected changes. Not only must you have a professionally drafted plan, you must select the appropriate person to carry out your wishes when you cannot do so yourself. Don’t assume that your children or friends can do an effective job, as whoever you select must take on 100 percent liability for everything in your estate.
Please consider a Professional Fiduciary instead of a loved one or friend to serve you. The tax, legal, financial, and medical decisions are often difficult and burdensome; and without training and objectivity, we’ve seen families and friendships dissolve into dysfunction. Worse, the Probate Courts have suffered budget cuts and straightening things out after the fact is very expensive and can take a very long time.
What does a Professional Fiduciary do?
We serve as a buffer and a bridge between family members.
We act as your advocate when dealing w/ the attorneys, bankers, insurance
companies, health care providers, caregivers, the courts, and various government agencies including the IRS.
We bring objectivity and extensive training to assist in making sound day-to-day financial and medical decisions.
We seek available public benefits, programs and alternative financing that will improve or supplement your personal resources and quality of life.
We provide the peace of mind that both your physical and financial interests are protected.
Helping business owners
manage, value and transition
privately held companies.
Providing clients with the
comfort of knowing their
wishes will be followed
Helping families preserve
and transition wealth to
benefit multiple generations
Helping clients maintain
their personal and
financial independence
Helping clients manage the, royalties for Energy (renewable mineral rights),
Intellectual Property and Digital Assets
Helping individuals and
nonprofits fulfill thier
charitable goals
Providing professional real
estate asset management
service for clients
Helping address the
needs of individuals
living with a disability
Academic Qualifications:
University of California, Irvine; Certificate – Project Management b. University of California, Irvine; Certificate – Conflict Management.
Cornell University; Certificate – Financial Management
California State University, Northridge; Bachelors of Arts
California State University, Fullerton; Certificate – Professional Fiduciary Management
U.S. Department of Treasury; IRS Enrolled Agent (EA) & e-File Originator (ERO)
National Guardianship Association; Certified Guardian (NCG)
Ca. Dept. of Consumer Affairs, Fiduciary Bureau; Licensed Professional Fiduciary #790 (CLPF)
Professional Summary: (2005-Present)
Brown Management is a professional services firm that specializes in providing comprehensive tax, accounting, financial (business) management and fiduciary management services for individual clients with assets; including small and medium sized businesses. Primary services include professional executor/personal representative, trust/estate administration, earnings restatement, tax planning and preparation. Our mission is to simply bring order to the complexities of managing your financial affairs.
Key Skills and Competency:
Comprehensive Tax:
Preparation and Planning:
Individual (1040)
Business & Corporate (Sch. C, 1120, 1120s, 1065)
Estate (706)
Fiduciary / Trusts (1041)
Tax Controversy
Tax Audits / Liens / Garnishments
Offer In Compromise / Payment Arrangements
Accounting:
Traditional (GAAP)
Fiduciary (Probate)
Probate Court Supervised
Private or Non-Court Supervised
Financial Statements Preparation
Business & Fiduciary Management
Account Statement Reconciliation (Cash, Credit & Brokerage)
Accounts Payable (Bill Payments)
Accounts Receivable (Income Collection)
Personal Representative
Executor
Trustee or Successor Trustee
Trust/ Estate Administrator
Guardian
Conservator
Representative Payee (Retirement/Pension)
Professional Associations:
Professional Fiduciary Association of California (PFAC)
National Guardianship Association (NGA)
Los Angeles County BAR Association (LACBA)
Greater Los Angeles African American Chamber of Commerce (GLAACC)
National Association of Enrolled Agents (NAEA)
Long Beach Estate Planning & Trust Council (EP&TC LB)
Personal Details:
M: (562) 452-0993
W: www.brownmanagement.net
E: keenanbrown@brownmanagement.net
http://www.linkedin.com/pub/keenan-brown/0/978/397
As of 1/1/2024
Fees for Trust, Conservatorship, and Estate Administration:
• Minimum Monthly Advance: $800, reconciled annually.
• Conservatorships: Hourly billing only (see hourly rates below)
• Trusts: Hourly rates or a percentage of assets under management (AUM), whichever is higher.
AUM rates are:
Total Assets: Liquidating Trusts Ongoing Trusts
$2,500,000 1.75% 1.25%
$2,500,001 to $5,000,000 1.25% 1.00%
$10,000,001 to $20,000,000 0.75% 0.70%
Over $20,000,000 0.70% 0.65%
Probated Administration (Statutory) Fee:
• Based on California regulations, paid at the conclusion of probate.
• No minimum annual fee.
• Statutory Rates:
o 4% on the first $100,000
o 3% on the next $100,000
o 2% on the next $800,000
o 1% on the next $9,000,000
o 0.5% on the next $15,000,000
Hourly Rates:
• Keenan Brown, CLPF; Managing Partner: $250–$300/hr.
• Timothy Melendez, CLPF, Associate: $150/hr.
• Sherwin Estonilo, Accountant: $150/hr.
• Christinna Starks, Clerical Staff: $85/hr.
• Alma Vidal, Clerical Staff: $85/hr.
Extraordinary Fees:
Additional Information:
• Set-up/Initial Intake Fee (Trusts only): $5,000
• Account Closure/Off-boarding Fee (Trusts only): $4,000 plus hourly rate.
• Fees subject to change.
• Hourly rates are divided into 10ths of each hour for fiduciaries and 1/4 of each hour for staff.
• All fee percentages are based on annual fee and prorated for the period.
• Fees charged monthly in arrears.
• Late fee of 5% per month for invoices more than 60 days past due.
• Brown Management reserves the right to classify services and fees as ordinary or extraordinary.
• Brown Management does not provide legal or tax advice.