- Elder & Estate Planning Attorneys, PA. Attorneys and Counselors at Law - https://elderlawyersfl.com -

Does a trustee have to provide an accounting?

[vc_row][vc_column][vc_custom_heading source=”post_title” font_container=”tag:h1|text_align:center” use_theme_fonts=”yes”][/vc_column][/vc_row][vc_row][vc_column][vc_video link=”https://www.youtube.com/watch?v=SNCHBr0hWyo”][vc_empty_space][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]On an annual basis at the very least a trustee who is a successor trustee to the trust has to provide an accounting. The original creator of the trust, however, does not have to provide that accounting. Once you’re provided that accounting as the beneficiary of that trust you have six months to object to that accounting, otherwise, you lose your right to object to that accounting, so a trustee must provide at least on an annual basis how the assets are spent, what assets are in the trust, and what the liabilities of the trust are, so an accounting is required on at least an annual basis.[/vc_column_text][/vc_column][/vc_row]