After the estate trustee is no longer accountable to the OCL

Although trustees are no longer legally compelled to submit estate accounts to the Office of the Children’s Lawyer after a beneficiary reaches 18 years of age, they still have a legal duty as a person in a fiduciary position to provide an accounting to the beneficiary, says Avi Dahary, founder of AccounTrust.

“As long as the beneficiary was a minor, the estate trustee was accountable to the Office of the Children’s Lawyer (OCL), and with that, came a duty for the estate trustee to provide an accounting to the OCL,” he tells AdvocateDaily.com.

But once that child becomes an adult, the OCL no longer has jurisdiction over the beneficiary and the estate trustee is no longer obligated to provide an accounting to the OCL, Dahary says.

To Read More Please Click Here – After the estate trustee is no longer accountable to the OCL