Accounting Matters:
Protecting Your Rights

Navigate Accounting Matters with The Legacy Lawyers Expertise.

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Specialized Accounting Matters Services

The financial aspect of a trust demands transparency and accuracy. When accounting disputes arise, they can jeopardize the trust's integrity. At The Legacy Lawyers, we provide expert intervention, resolving discrepancies, and ensuring all parties are aligned.

What Are Accounting Matters?

Accounting Matters arise when beneficiaries or co-trustees challenge or question the financial reports, distributions, or accounting practices carried out by a trustee in relation to the trust's assets.

Our Approach:

Every dispute demands a nuanced approach. We meticulously examine all financial documents seeking to understand the core of the discrepancy. Through mediation, negotiation, or litigation, our attorneys strive to achieve resolutions that respect the trust's interests, and appease all parties.

Benefits of Our Services:

Detailed analysis of accounting practices to pinpoint discrepancies.

Expert mediation to achieve amicable resolutions between parties.

Skilled representation in court when litigation becomes necessary.

Assurance of trust preservation and restoration of trust harmony.

Why Choose Us?

With deep expertise in trust litigation and accounting practices, The Legacy Lawyers is uniquely positioned to handle accounting disputes. Our methodical approach paired with a commitment to maintaining trust integrity ensures discrepancies are addressed and trust sanctity preserved.

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Learn More About Accounting Matters

A Trust Dispute Lawyer Can Help If a Trustee Fails to Fully Account for the Trust’s Income, Debts, Assets and Liabilities?

Scope of Duty

Account to Beneficiaries

The content and presentation requirements of accounting must comply with the format set out in Probate Code §16063. According to Probate Code §16063(a), the account must contain all of the following:

A statement of receipts and disbursement of principal and income
A statement of assets and liabilities
Information concerning the compensation of the trustee and its agents
The relationship of the agents to the trustee
A statement that the recipient may petition for court review
A statement that claims against the trustee for breach of trust may not be made after 3 years from receipt of a report or account
A disclosure of facts giving rise to the claim

Beneficiaries may also seek and receive informal accounting and reports.

Compel an Accounting

Generally, a beneficiary may request financial and other information concerning a trust from the trustee, with a few exceptions. The beneficiary has the right to file a petition for an order compelling a trustee to report information and to account under two conditions:

The trustee failed to submit a requested report or account within 60 days after a written request
The trustee did not make a report or account within 6 months preceding the written request

If the trustee fails to provide the beneficiary with an accounting as specified above, he or she may petition the court to order the trustee to do so. If the accounting is incomplete, unbalanced, suspicious, or unacceptable, you can file an objection.