This duty is a crucial protection for beneficiaries to ensure a trustee is doing their job and, in more reprehensible cases, not stealing from or jeopardizing their inheritance. If a trustee fails to maintain transparency and keep beneficiaries reasonably informed, this is a severe breach of their trustee duties in California. Premier California Trust Litigation Lawyers In countless other situations, this is how we identify instances of theft and self-dealing, for example.” – Harry Wallace, a partner and senior trust litigation attorney in Orange County with over 30 years of litigation experience in probate courts. It wasn’t until after we compelled them to prepare one that they realized this. Because they never prepared an accounting, the beneficiaries had no idea. In one situation, this negligence extended far beyond their failure to account, and the trustee thought they could use the trust funds however they wanted to. Even so, we have seen instances where this negligence had far-reaching consequences. Sometimes, failure to account can result from negligence, and simply compelling them to prepare one is satisfactory. “In many cases, the trust accounting is where we determine if a trustee is committing an egregious crime.
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