Sharing this video about trust/trustee accountings. Click on the link below for the video from Albertson & Davidson. This is an important topic for trustees and beneficiaries alike, in addition to some circumstances that require a trustee to provide other additional information about the trust and its administration. These discussions are covered in part at California Probate Code Sections 16060-16069. Accountings, their format, and what needs to be covered can be complicated topics. Statutes, court cases and Courts have been expanding the situations where accountings and reports of information are required, including in some circumstances retroactive accountings back to a time when accountings might not have been required. Here is the link to the video, click here. See also discussions about trustee investment responsibilities here and here. Enjoy.
Dave Tate, Esq. – San Francisco/California – trusts, estates, conservatorships and elder abuse – trust, estate, conservatorship, elder and civil litigation, and contentious or difficult administrations.