Tuesday, 24 February 2015

Is the trustee of a living trust in California required to provide an accounting to the beneficiaries? What is the state legal code which su...

Question

Is the trustee of a living trust in California required to provide an accounting to the beneficiaries? What is the state legal code which supports this requirement?



Answer

Probate Code Section 16062



Answer

If the trust is irrevocable, annual accountings must be provided unless waived by the beneficiaries.



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