Understanding, Preparing And Challenging Fiduciary Accountings

Fiduciaries, such as conservators, administrators and trustees, must provide detailed information on all assets in the estate or trust.

Fiduciary accountings must show all income into the estate and all estate expenses. Fiduciary accountings may be lengthy, complex documents. Generating and reviewing these documents are quite involved processes. Legal advice is highly recommended for any fiduciary who has such responsibilities.

If you have a deadline by which to file or provide an accounting or have received an order to show cause regarding an accounting, you should not wait to start the preparation of the accounting. Given their complexity, they frequently require significant time to prepare properly.

Preparing And Defending Fiduciary Accountings

Fiduciaries’ accountings may relate to trust estates, decedents’ estates or conservatorship estates.

We believe that the prudent and usually less expensive course is to provide accountings that are as complete and clear as possible. It has been our experience that this minimizes litigation.

Questions sometimes arise when an accounting has been presented to beneficiaries or the court for approval. Kristof & Kristof, Attorneys at Law can assist the fiduciary in defending their accounting.

Our team at Kristof & Kristof, Attorneys at Law, has significant experience in preparing and defending fiduciary accountings.

Compelling And Attacking Fiduciary Accountings

When a fiduciary does not provide accountings as required, they are acting inappropriately. Our attorneys at Kristof & Kristof, Attorneys at Law, can work to compel the account and can assist in determining if the fiduciary has properly demonstrated that she has acted appropriately.

Where it can be shown by the account, or the fiduciary’s refusal to account, that the fiduciary has breached her duties, our lawyers can seek the removal of the fiduciary.

For Advice And Assistance

Call 626-535-9445 or email our law firm to request a consultation about any aspect of fiduciary accountings.