Q: My mom named me (and not my sister) the Successor Trustee of her trust. Am I required to show my sister all the records of trust expenses and transactions, or does she just have to trust me since my mom clearly trusted me to do it correctly and fairly?
by Rose Law Firm of Napa Valley, Inc. | Aug 3, 2022 | Q&A, Trust And Estate Administration |
A: Yes, your sister has a right to receive an accounting! Specifically, under California Probate Code §16062, after your mom passes away, you will be required to provide a full accounting not only to your sister, but to EACH beneficiary at least once per year until such time as the trust administration is completed and fully distributed.