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FAQs / Wills / Trusts / Does A Trustee Of A Trust Have To Provide An Accounting?

Does A Trustee Of A Trust Have To Provide An Accounting?

Not every Trustee will automatically be required to provide an accounting of trust assets, but it is prudent practice for all Trustees to maintain documentation as if they will be required to prepare an accounting for the beneficiaries. Vested beneficiaries are legally entitled to receive a full accounting if they make such a request to the Trustee. At a minimum, most beneficiaries want an informal accounting with bank statements to confirm they are receiving a full distribution from the trust.

If you believe you are a beneficiary of a trust, and your interest has vested, which often only occurs once the testator has passed away, it is advisable that you make a formal request for a copy of the trust document, an inventory of trust assets, as well as an accounting. The request should be in writing and should be mailed, via certified mail with tracking, to the Trustee and/or attorney for the Trustee. Putting the request in writing and having proof that the letter was received by the Trustee will be beneficial for evidentiary purposes if you have to petition the court.

 

Seek Professional Assistance for Trust Issues

 

Florida Probate Law Firm Team

Navigating the complexities of trust management and beneficiary rights can be challenging. If you have concerns about how a trust is being handled, or if you need assistance in obtaining a proper accounting, contact the Florida Probate Law Firm today. Our experienced attorneys specialize in trust and estate issues and can provide the guidance and representation needed to protect your interests.

Call us at (954) 833-5139 or visit our website to schedule a free consultation. We are dedicated to ensuring that beneficiaries receive the full benefits to which they are entitled under the law.

 

Wills / Trusts FAQs

  • How Can I Find Out If There Was A Will?
  • Can A Will Be Changed Or Revoked?
  • Can I Specify That Certain People, Like A Brother Or Sister, Should Never Receive Any Of My Property?
  • Can Someone Quit Claim His Property To Me Instead Of Leaving It In His Will?
  • Do I Have To Be In My Home State When I Make My Will?
  • Do Living Trusts Go Through Probate?
  • Does A Trustee Of A Trust Have To Provide An Accounting?
  • Does It Really Take Less Time To Settle An Estate In Which A Revocable Trust Was Used Rather Than Just A Will?
  • Does My Will Have To Be Notarized?
  • How Do You Prove A Will?
  • How Does A Living Trust Avoid Probate?
  • How does a revocable living trust avoid probate?
  • How Long Does It Take to Settle a Trust?
  • How long is a will valid?
  • How often should my will be reviewed?
  • Is a handwritten will valid?
  • My parent died with a will and disinherited me. Can my parent do that in Florida?
  • What are self-proving wills?
  • What are trusts?
  • What benefits does a trust offer?
  • What does died testate vs intestate mean?
  • What does a will usually contain?
  • What does it mean to fund a trust?
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  • How can someone see the will of a person who has died?
  • What other probate avoiding techniques are there in addition to revocable, aka living, trusts?

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