Legal Question in Wills and Trusts in California
Trust Account
How long does a trustee of an estate have to provide the beneficiaries with an accounting of the trust funds? I understand it is yearly, but when does the first accounting have to happen. My father passed away on April 19 and the beneficiaries have not yet received an accounting.
Asked on 6/22/01, 5:16 pm
1 Answer from Attorneys
Chris Johnson
Christopher B. Johnson, Attorney at Law
Re: Trust Account
The trust should account every year, so a reasonable time after a year has passed since April 19th would be the time to expect an accounting. In the meantime, the Probate Code gives beneficiaries the right to ask the trustee for information regarding administration of the trust, which may give you an idea of the trust assets and finances.
Answered on 7/02/01, 3:56 pm
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