Is a beneficiary entitled to see transactions from the trustee?
Question Details:
As trustee, I provided assets list to beneficiaries buy sister wants checks/expense detail. Mom made me sole trustee.
William B. Prugh / Polsinelli Shughart P C
Answered 3 years ago|
Contributor
This attorney is licensed in Missouri
The Uniform Trust Code (or prior law for older trusts) states when and what a beneficiary is entitled to see. I believe this includes an annual accounting of income & expenses which is generally done at the end of the accounting period selected by the trust (i.e. at the end of Dec for a calendar year trust). The specific answer requires the input of a probate attorney of course.
