San Diego Trust Accounting Lawyer
Trustees must generally keep a paper trail, or accounting, of all their actions when managing a trust. This accounting helps ensure that the trust is being administered properly, and an accounting can help serve as evidence to protect trustees in the event a beneficiary raises a dispute.
If you need help with either side of a trust accounting issue, the team at Albertson & Davidson, LLP can help. Our San Diego trust litigation attorneys have extensive experience representing both trustees and beneficiaries throughout trust accounting disputes. Often, an experienced lawyer is needed to help perform this basic task of trust accounting.
Contact Albertson & Davidson, LLP at (858) 209-2309 today to let us help you through your complex trust accounting issue. We devote our entire practice to complex estate litigation matters, and we have both the knowledge and experience to help you too.
Why Choose Us?
The team at Albertson & Davidson, LLP is who you want in your corner during a complex estate dispute, such as potential trust accounting problems. We help both trustees and beneficiaries through these complex matters, and we can help you too. Clients in San Diego choose us to help them through these issues because:
- We have recovered over $300 million for our clients through settlements and verdicts
- Our firm has extensive experience on both sides of these types of cases, and we know the law inside and out
- All of our clients get a personalized experience and unique representation strategy
Not only do we help beneficiaries fight for their rights, but we can also help trustees meet their legal fiduciary duties. If you need help with trust accounting, contact Albertson & Davidson, LLP today. Speak to one of our trust accounting lawyers to share more information about your situation and let us put together a plan to help you.
Ways a Trust Accounting Lawyer Can Help
Trust accounting might seem like a basic concept, but the details can get quite complicated. Accounting is a great way for trustees to avoid potential lawsuits down the road or defend themselves against allegations of fraud or misconduct. Beneficiaries can also use trust accounting, or lack thereof, to help prove their case in court.
Some ways a trust accounting lawyer can help you include:
- Ensuring compliance with the trust documents as well as laws and regulations
- Helping you to maintain accurate and detailed records of trust management
- Preparing and delivering detailed reports to beneficiaries
- Investigating actions of a trustee or executor to determine whether they were proper
- Negotiating a resolution to potential disputes that may arise
- Filing a lawsuit and fighting to protect your interests in court when necessary
Whether you are a trustee or beneficiary, we can help you with all of your trust accounting needs. Trust accounting lawyers have strong legal and accounting knowledge, and they can use that combination to track down potential fraud, misuse, or other improper actions during trust administration. Contact Albertson & Davidson, LLP today to schedule your consultation a trustee fraud lawyer in San Diego and let us learn more about your situation.
What Is Trust Accounting?
When a trustee manages a trust, they must account for all their actions. This is one of the most basic requirements set forth by California estate law. Trust accounting includes the overall process of managing and safeguarding the assets and property of the trust. However, there can be much more to it than that.
Trust accounting may require keeping extremely detailed records and logs of all transactions, including distributions, transfers, acquisitions, and more. The trustee should regularly reconcile their records against bank statements and other official documents related to the trust. In many cases, the trustee must also provide regular reports of their accounting to the beneficiaries and possibly even the probate court.
Failure to keep and maintain these records could expose the trustee to claims of misconduct by a beneficiary. An experienced trust accounting lawyer can help with all these records and advise both trustees and beneficiaries of their legal rights and obligations.
Common Claims Brought By Beneficiaries Against Trustees
Proper accounting can help a trustee defend their actions – or inactions – from claims of fraud or misconduct brought by a beneficiary. Some common claims that a beneficiary may bring include:
- Failure to pay debts or other obligations of the trust
- Fraudulent or improper accounting
- Using trust assets for the trustee’s own personal gain
- Distributing assets to someone other than the named beneficiaries
- Making poor investment decisions or failing to invest trust funds
Whether you find yourself needing to bring a claim or defend yourself against these types of allegations, the team at Albertson & Davidson, LLP can help you. Give us a call today to schedule a consultation and put our experience to work for you.
Schedule a Consultation With a Trust Accounting Lawyer
Are you experiencing a trust accounting issue in San Diego that you need help with? Albertson & Davidson, LLP has both the knowledge and experience to handle even the most complex trust accounting scenarios.
Contact us today online or call (858) 209-2309 to speak to a San Diego trust accounting lawyer and let us put together a winning strategy for your case.