San Diego Trust Accountings
Periodic accountings are often required for estates, guardianships, conservatorships, and trusts, whether or not they are court-supervised. At Brierton, Jones & Jones, LLP, we counsel clients on both sides—those who prepare the accountings and those who receive them.
What Are Accountings, Exactly?
Accountings are a detailed record of all of the income and expenses for an estate or trust, or other form of legal binding, such as a conservatorship. Maintaining accurate records is paramount to ensure the funds are being handled correctly, and according to the law.
If You Need Help With Accountings
If you’re a trustee, guardian, conservator or agent, we’ll counsel you on:
- Proper recordkeeping
- Considerations for limiting liability exposure
- Required disclosures
- The consequences of failing to properly account
And we’ll provide you with an analysis of the accountings
If You’re a Client Entitled to Accountings
We’ll counsel you regarding:
- Your rights to receive accountings
- The steps to enforce your rights to receive accountings if the fiduciary is not providing it to you
- The time period you have to object to acts or inactions by the fiduciary
And we’ll provide you with an analysis of accountancy.
Understanding the Terminology
If you’re considering getting help with trust accountings, here are some of the common terms to familiarize yourself with:
Trustee Accounting
Trustees are legally required to perform fiduciary duties and can face serious ramifications if they fail to provide accountings to the beneficiaries. They can even be held personally liable if they fail to fulfill their fiduciary duties.
Conservatorship Accounting
In a conservatorship, a court appoints a person (or persons) to manage the affairs of another adult who’s been legally determined to be unable to care for themselves. They have a fiduciary responsibility and are required to keep strict financial records when managing the estate.
Guardianship Accounting
When a child’s parents are physically or mentally unable to make decisions for their child, the court can appoint a guardian who can legally step in. Guardians must keep documentation that shows they are using reasonable care and caution in handling the money.
- Estate Planning
- Probate
- Trust Administration
- Conservatorship
- Guardianship
- Special Needs Trust
- Probate Litigation
- Trust Litigation
- Trust & Estate Mediation
- Property Transfers
- Estate Tax Returns
- Accountings
- Agent Representation
When you need a San Diego estate planning attorney to help you put everything in order, Brierton, Jones & Jones, LLP is here for you.
What Sets Us Apart
Marked by Integrity
Over 30 years of practice in San Diego County and a reputation for professional excellence.
Driven By Excellence
Award-winning attorneys who resolve even the most complicated issues and cases.
Unmatched Expertise
One of the few San Diego firms that focuses exclusively on trust and estate matters.
Creative Problem Solving
A team that thinks outside the box to find the best solution to your problem.
Time-Tested
Our clients and their families return to us generation after generation.
Community Oriented
Our attorneys are actively involved in the local community and have been for over 30 years.
Our Clients Say It Best
I had the pleasure of working with Hilary Vrem during a family probate case. It was a difficult time for me as I was dealing with a loss in the family and needed assistance tackling the legal process. She provided me with a clear understanding of what to expect and guided me through my best options and next steps. She went above and beyond throughout our correspondence. I would happily recommend BJJ, their attorneys, and Hilary to friends and family who are dealing with a similar situation.
Let Us Represent You
Meet with one of our San Diego trust accountings attorneys if you have questions or want more information.