Trust accounting duty requires trustees to maintain accurate records and provide beneficiaries full information on trust property. A trustee must keep clear and accurate accounts of the trust property and, at all reasonable times upon a beneficiary's request, furnish full and accurate information as to the amount and state of the trust property, thereby combining a recordkeeping duty with a disclosure obligation enabling beneficiaries to ascertain the trust's financial position.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Trust accounting duty requires trustees to maintain accurate records and provide beneficiaries full information on trust property.
A trustee must keep clear and accurate accounts of the trust property and, at all reasonable times upon a beneficiary's request, furnish full and accurate information as to the amount and state of the trust property, thereby combining a recordkeeping duty with a disclosure obligation enabling beneficiaries to ascertain the trust's financial position.
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