Is there a time limit as to when an estate accounting of finances must be deliveredto beneficiaries?

UPDATED: Jul 21, 2010

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Is there a time limit as to when an estate accounting of finances must be deliveredto beneficiaries?

My aunt is sole trustee and attorney in fact of my grandfather’s estate. By state law, the trustee must provide to the beneficiaries (if asked) an account of the estate, including spending. Is there a time limit as to when she must deliver the accounting?

Asked on July 21, 2010 under Estate Planning, Minnesota


M.T.G., Member, New York Bar / FreeAdvice Contributing Attorney

Answered 12 years ago | Contributor

And I quote:

"Rule 417.02 Annual Account.

               Every trustee subject to the continuing supervision of the district court shall file an annual account, duly verified, of the trusteeship with the court administrator within 60 days after the end of each accounting year."

So now the question arises: when does the "accounting year" end?  Is is the end of the calendar year?  No I think that it would say that then.  It all relates, I believe, back to the estate and the filing and appointment.  These time sensitive deadlines are well known to the clerks of the probate courts and they are generally very helpful when asking questions.  I would inquire as to the time line and when they are to expect the filing.  You will then know how to proceed.  Good luck. 

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