Estateably review

Estateably answers a different reading of trust accounting: the accounting a trustee, executor or trust company must give to beneficiaries and courts. Its fiduciary accounting tools replace spreadsheets for tracking assets, income, expenses and distributions in a trust or estate, and its Trusts, Estates and PoA files include state-specific accounting reports, informal accountings, court-formatted reporting and a compensation fee calculator. PDF bank statement imports and holdings lookup reduce data entry, and integrations with Clio, Google Workspace and Microsoft 365 connect it to a law firm's other tools. Pricing comes as platform plans capped by new files per year, per file plans that can be passed through to clients, or enterprise plans for trust companies and banks, with unlimited users throughout. Estateably covers all Canadian provinces and many US states, with full coverage in New York, California, Florida, North Carolina and Massachusetts. Its pricing page did not state a currency from our location, so the price check is pending. It does not replace an IOLTA ledger.

Who it is for

Estate and trust attorneys, trust companies and fiduciaries who administer trusts and estates rather than law firm IOLTA accounts.

Price

See vendor pricing (USD check pending).

US price check pending. See the vendor pricing page.

Key features

• Fiduciary accounting without spreadsheets
• State-specific, informal and court-formatted accounting reports
• Compensation fee calculator
• PDF bank statement imports and holdings lookup
• Clio, Google Workspace and Microsoft 365 integrations

Strengths and weaknesses

• Strength: Built for trust administration and fiduciary accountings, not law firm trust ledgers
• Strength: Unlimited users on every plan
• Strength: Per file pricing lets firms pass costs to the client
• Weakness: Plans are capped by new files per year
• Weakness: US coverage is still expanding beyond its full-coverage states
• Weakness: Not a law firm IOLTA ledger

Key facts

• Plans: Starter, Growth, Pro, Per File, Enterprise
• Users: Unlimited on all plans
• Security: SOC 2 Type II and PCI, per Estateably
• Full US coverage: New York, California, Florida, North Carolina, Massachusetts

Where it ranks

Estateably is No. 8 in our Best Trust Accounting Software verdict.