Is there a time limit from date of death of settlor for the successor trustee to file the Section 1060 probate trust accounting in California law? Is it mandatory the trust accounting must be filed and copies given to beneficiaries under California law and what if any time limit is there?
California probate Section 1060 accounting
Posted 15 April 2013 - 02:36 PM
It's not really clear what you're talking about. Probate Code Section 1060 is nothing but a preamble to a chapter of the Probate Code that generally talks about accountings that are filed with a court.
The frequency within which a trustee must account to beneficiaries is described in Section 16062. See http://www.leginfo.c...ile=16060-16069. The necessary contents of such accountings are described in subsequent sections.
Trust accountings are not generally "filed" anywhere (unless the administration of the trust is being overseen by a court and the court has ordered that the accountings be filed.
Posted 19 April 2013 - 12:14 PM
You may want to discuss this matter with a local California Trusts Lawyer to address. Many lawyers do offer a free consultation.
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