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Video: How can a beneficiary verify a trustee’s accounting, April 2019

In this segment of their ongoing video series, Ray Prather of Prather Ebner LLP discusses the fact that a trustee of a trust could be well-meaning but just be bad at math or not aware of good investment/accounting practices or something more sinister could be taking place. Beneficiaries often want to know how they can ensure that they are receiving what the trust stipulates.

Tips include: the fact that beneficiaries should be receiving accountings and should request supporting documents such as bank statements for the trust accounts, settlement statements for the sale of property and tax returns.

Dustin DuBois