Accounting for Living Trust Documentation?

[davidhunternyc]

What is the name of your state? California

This is the second thread I've started about my mother's living trust. I recently received this close-out accounting of her trust. I am confused. As a beneficiary I thought that I would get a full accounting of my mother's estate, including bank statements and receipts paid. There are four pages to this accounting which I have included here and I have taken out all names for privacy.

To me, this seems incomplete. For instance, I was told that my mom sold her house for $760,000. How much was paid on the reverse mortgage? What were the real estate fees? Shouldn't I be able to examine my mother's bank statements? I contacted the executor and he told me to contact the attorney who drew up the trust. The attorney provided me a letter stating that all questions about the living trust needs to be addressed to my own lawyer.

Please take a look a look at these photos (link removed) and let me know your thoughts. Is this accounting complete? The lawyer is located in Orange County, Ca. If this accounting is incomplete which entity in Orange County can I contact about getting a more complete accounting?

Thank you.

 

[davidhunternyc]

Hello? Is there anyone who could help me answer this question? Thank you.

 

[Dandy Don]

An executor is the person with legal authority to handle a will that is submitted to probate court. Do not use that term when you may have meant "trustee", the person who is managing and handling the affairs of the trust. As you surmised, the information you were given was incomplete.

If you still have questions, submit your questions IN WRITING to the trustee. Be specific about which months of bank statements you are asking for, and while you are at it, please ask for a copy of the trust tax return. Do NOT ask the trust attorney anything, as he is obviously biased towards the trustee, although theoretically he is supposed to also represent the interests of the trust beneficiaries. They are obviously stonewalling. Send your questions to the trustee, and give him a fair amount of time (2 weeks) to respond, but don't be surprised if he never responds. The trustee may be somewhat antagonistic to you, although I don't know for what reasons--he doesn't feel he needs to keep you fully informed about how he handled the trust, although that is his official, legal responsibility.

Look at the trust document and see if there is a requirement that the trustee purchase or "post" a trustee's bond, or whether the bond requirement is exempted, and report here about what you found.

 

[Just Blue]

This is the link to the other thread:

https://forum.freeadvice.com/threads/legality-of-executor-and-lawyer-percentage-with-home-reverse-mortgage.656693/page-2
Please post all questions regarding this topic/situation to that thread. Thanks.