16062. (a) Except as otherwise provided in this section and in Section 16064, the trustee shall account at least annually, at the termination of the trust, and ...

Here are the California laws pertaining to a formal full trust accounting: · Cal Prob Code § 16062. Duty to account to beneficiaries · Cal Prob Code § 16063.

An account furnished pursuant to Section 16062 shall contain the following information: (1) A statement of receipts and disbursements of principal and income.

The trustee is not required to account to a beneficiary as described in subdivision (a) of Section 16062, in any of the following circumstances.

CALIFORNIA CODES. •••. CALIFORNIA PROBATE CODE Division 9 - TRUST LAW Part 4 - TRUST ADMINISTRATION ... Section 16062 - Duty to account at termination of trust ...

Accountings are also required at the termination of a trust and upon a change of trustee. (See California Probate Code section 16062(a).)

Recently enacted legislation now reinforces the trustee's duty under California Probate Code section 16060, “… ... Probate Code section 16062 which may be waived.

An account furnished pursuant to Section 16062 shall contain the following information: A statement of receipts and disbursements of principal and income that ...

10 нояб. 2023 г. · Probate Code §16062(a). Revocable Trust exception to duty to provide accounting. The law does NOT require an. accounting to any beneficiary of a ...