Legal Question in Wills and Trusts in California
I read that in California the law requires an accounting to be done at least annually, at the termination of the trust, and upon a change of trustees.
My question is my brother was named the successor trustee, that became irrevocable upon the death of my father, who was the grantor. I believe my father was then the “trustee” as well correct? Does my brother then have to provide me with an accounting soon after my father’s passing? It’s been over three months now.
I have concerns he has taken money from the bank accounts that are to be distributed to me when the trust is closed out and when the house is sold. Or, does he only have to provide an accounting within a year or when the actual trust is closed out and the assets and funds are distributed? He is also a beneficiary and it is a 50/50 split. This is in CA.
1 Answer from Attorneys
He has 60 days after you make a written demand to provide an accounting. If he fails to do so you can get a court order.