Legal Question in Wills and Trusts in Florida
Accounting - Living Trust
My father-in-law died almost 2 years ago with a living trust. His oldest son is the Trustee, also had his power of attorney, etc. He has filed no accounting, made no distributions (except to himself) that were set out in the will. His real estate attorney made the will. There were over $200,000 in cash and several real estate properties, plus furniture, boat, car, etc. Isn't an accounting required within a year after death? Items left to others in the will were stolen by him. Not alot of trust here. Thanks
2 Answers from Attorneys
Re: Accounting - Living Trust
If the Will was probated anything passing under the will must be accounted for within one year from the time the Personal Representative is appointed.
As to the Living Trust, the trust may provide that there is no requirement for the Trustee to provide any accounting to the Court.
Re: Accounting - Living Trust
Yes. You should be checking into this estate.
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