QUESTION
Does a trustee of a revocable trust have to give beneficiaries detailed bank statements in the yearly accounting?
Asked on Jan 16th, 2017 on Estate Planning - Ohio
1 ANSWER
Commercial & Bankruptcy Law Attorney serving Powell, OH
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Ronald K. Nims
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Generally, a trustee is required to give annual accounting to the beneficiaries. However, if the person who created the trust can waive this requirement by writing that waiver in the trust.
Answered on Mar 15th, 2017 at 7:39 AM