As a beneficiary, you have the right to request a trust accounting to ensure that the trust is being administered according to its terms. However, you may need to speak with an experienced attorney if an Alameda County trustee refuses to give accounting. This will allow you to explore your options in obtaining the accounting you need.
Our team of trust litigation lawyers at Hackard Law understands the importance of a trust accounting. Receiving an accurate and detailed document can ensure that you and other beneficiaries are informed about the trust’s management. It will also help you to ensure that the trustee is not abusing their authority. If they refuse to provide you with a trust accounting, however, you should contact our team of attorneys for help.
A trust accounting is a comprehensive financial record of all transactions within the trust. The accounting provides insight into the trust’s financial health and activity. Income, expenses, and distributions are all included in a trust accounting.
You may request a trust accounting for a number of reasons. You might want to ensure that assets are not being mishandled. Perhaps you wish to see receipts and bank statements to understand why the trust’s value has changed significantly. You may even want to review it because you suspect a trustee is stealing funds. No matter the reason, you are entitled to a detailed trust accounting. However, because this document provides so much information about the trust’s assets, you may need an experienced Alameda County attorney’s assistance if a trustee denies you an accounting.
Trustees must provide a trust accounting once every twelve months. However, the trust documents may require accountings to be provided more or less frequently. You can request an informal accounting at any time. To do this, you must make a written demand to the trustee. If they refuse to comply with providing the accounting within sixty days, you can petition the court to demand that the trustee supply it.
In Alameda County, if a trustee refuses your request for a trust accounting, you may have to take legal action to obtain it. One of our experienced attorneys could assist you in this process.
If an Alameda County trustee refuses to give you a trust accounting, you can ask the court to order the accounting’s completion. You must petition the court to demand that the trustee provide an accounting. If the trustee still refuses, the court may make the trustee pay your legal fees to cover the litigation process.
Additionally, the trustee may be removed from their position if they are found to have mismanaged the funds or not managed the trust in good faith. When a trustee has refused to provide an accounting, the court may also order that the trust complete an accounting more often than once a year to ensure transparency in its management.
Trustees must provide trust accountings, as these give important information on the management of a trust. If an Alameda County trustee refuses to give accounting, you may need to take legal action to access it. One of our dedicated trust attorneys could help protect your legal rights if you are denied this key document.
Our lawyers at Hackard Law know the importance of a trust accounting. We understand that it provides valuable information about how a trust’s assets are managed. Our team would advocate for you and help guide you through the legal process of obtaining a trust accounting. Contact our team today to discuss your case.
(916) 775-8542