What do I do with a trust accounting I receive in the mail from a West Palm Beach trustee?

Are you a beneficiary of a West Palm Beach trust that is not doing as well  as it used to a few years ago? Do you know what to do when you are sent an accounting from the trustee? Failure to act could mean you lose your right to sue so watch out. Do you know how to bring an action for breach of trust of breach of fiduciary duty against a trustee?

The Accounting

• Do you know why they are sending you a dense accounting form?
• The trustee is probably obligated to send you some form of an accounting but are you actually reading it?
• Failure to pay attention to these forms could cost you big time.
• These forms are a way to clear the trustee’s actions from time to time.
• Essentially the trustee is saying, “look at what I did and if you have a problem let the court know.”
• Failure to “let the Court know” is going to mean you are out of luck down the line.
• All too often West Palm Beach beneficiaries do not realize there is a problem until the trust has lost a lot of money.
• That means you are not paying attention your accounting statements. 
• If you are unsure about what to do with your trust accounting talk to an experienced Palm Beach probate litigator.
• Experienced probate litigators work with other qualified experts in Palm Beach to make sure everything is up to speed.

Breach of Fiduciary Duty

• If a trustee is making bad investment decisions you may have a claim for breach of fiduciary duty or breach of trust. 
• West Palm Beach probate courts are not going wait forever though and your time is limited.
• The accounting statements may also play a role in limiting how long you have to act.
• Do you know how?
• How long do you have to sue for breach trust in West Palm Beach?
• Time is of the essence in the probate court and you need to pay attention to the forms your trustee is sending to you and other beneficiaries.
• Pay attention to protect your rights to a claim in West Palm Beach probate court.