Financial Services

CRMC has the ability to provide a wealth of financial services to its clients.

  • Financial Reporting

CRMC serves client trusts by maintaining their financial records, including cash receipts, cash disbursements and general ledger.  Additionally, CRMC prepares monthly financial statements and other schedules as requested by the Trustees, processes claim and trade payables, prepares information for tax reporting for non-employees and payments to attorneys.  Quarterly and annual financial statements for filing with the courts are prepared in a format consistent with the Trust Agreement requirements.  CRMC prepares and files the trust’s federal income tax returns, assures monthly bank reconciliations of all trust accounts, and prepares the trust’s annual budget. CRMC presently provides these services to:

Burns & Roe Asbestos Trust
Federal-Mogul Asbestos Trust
Manville Personal Injury Settlement Trust
Motors Liquidation Company Asbestos Personal Injury Trust
Shook & Fletcher Asbestos Settlement Trust

  • Treasury Management

CRMC offers multiple treasury solutions, including preparation and implementation of trust investment policy, external investment managers and custodian bank searches, monthly investment performance measurement and reporting, periodic asset-liability projections, on-going evaluation of investment advisers’ performance and compliance results, trust portfolio liquidations, rebalancing of trust portfolio assets, Maximum Annual Payment monitoring and liquidity management. CRMC currently provides these services to:

Manville Personal Injury Settlement Trust

  • Personnel Accounting Services

CRMC also has the expertise to manage all of the trust’s accounting functions, including retirement and health benefits, and preparation of payroll and related filings for trusts with employees.

Manville Personal Injury Settlement Trust (Prior Client)