50-State Surveys › Annual Trust Accounting Requirements by State
Annual Trust Accounting Requirements by State
When must a trustee provide an annual, final, or change-of-trustee accounting, which trusts and beneficiaries are covered, what information and values must the report contain, how is it delivered or filed, and how may the duty be waived, enforced, settled, or used to limit later claims?
51 of 51 jurisdictions verified
every entry statute-checked, oldest 2026-08-09
What this survey covers
This survey compares statutory financial reporting by trustees of ordinary private express trusts. It follows the report from the event that makes it due through its recipient list, financial contents, delivery, waiver, and any express claim-cutoff, settlement, discharge, or enforcement consequence.
The table does not combine that report with an estate or guardianship accounting, a tax return, a charitable-regulator filing, or general investment standards. It also keeps a beneficiary report separate from a judicial accounting unless state law expressly supplies a court route.
How to read the table
Start with the covered-trust, recipient, and trigger columns. Florida's current code uses an irrevocable-trust duty to each qualified beneficiary and identifies three recurring events:
“A trustee of an irrevocable trust shall provide a trust accounting ... to each qualified beneficiary at least annually and on termination of the trust or on change of the trustee.”
Fla. Stat. § 736.0813(1)(d) (official 2025 compiled chapter accessed 2026-08-09; 2026 enactments checked).
The recipient class and event list can vary independently. The District of Columbia sends annual and termination reports to distributees and permissible distributees, but adds requested termination reports for other qualified beneficiaries and a vacancy report from the former trustee:
“A trustee shall, annually and at the termination of the trust, send a report to the distributees and permissible distributees.”
“Upon a vacancy in a trusteeship, unless a cotrustee remains in office, the former trustee shall send a report to the qualified beneficiaries.”
D.C. Code § 19-1308.13(c)(1), (3) (accessed 2026-08-09).
Then compare contents, delivery, and legal effect. A detailed schedule requirement is not interchangeable with a shorter report of property and transactions, and a report does not necessarily release the trustee. Florida requires two values for assets reasonably capable of valuation:
“For each asset or class of assets reasonably capable of valuation, the accounting shall contain two values, the asset acquisition value or carrying value and the estimated current value.”
Fla. Stat. § 736.08135(2)(c) (official 2025 compiled chapter accessed 2026-08-09; 2026 enactments checked).
Why the dimensions stay separate
Waiver by a beneficiary is different from modification by the trust instrument. Wyoming addresses both, and its modification rule reaches the reporting provisions:
“A trustee shall comply with the following provisions unless the trust instrument specifically directs, limits or waives this requirement of a trustee.”
“A beneficiary may waive the right to a trustee's report or other information otherwise required to be furnished under this section. A beneficiary, with respect to future reports and other information, may withdraw a waiver previously given.”
Wyo. Stat. § 4-10-813(b), (d) (accessed 2026-08-09).
Objection and discharge rules also need their own column. Effective April 29, 2026, Florida added a separate nonjudicial route after termination, resignation, or removal. It requires a disclosure document and a 60-day objection notice; discharge follows only if the trustee receives no timely written objection and completes the planned distributions or transfers:
“If the trustee does not receive a timely written objection, the trustee is discharged upon completion of all distributions or transfers in accordance with the plan of distribution and is discharged from all liability and claims arising from any matter adequately disclosed in the trust disclosure document.”
Fla. HB 895, § 1 (2026), creating Fla. Stat. § 736.10081(5); official bill history (both accessed 2026-08-09; ch. 2026-54, effective April 29, 2026).
Across the finished table, the dominant structure is an annual report paired with a termination report and, often, a separate vacancy or trustee-change report. The recurring content core is property, liabilities, receipts, disbursements, compensation, an asset list, and market values when feasible. Outliers replace that core with demand-only schedules, court-account rights, tax-basis information, distribution plans, principal-income allocations, or a separate disclosure package that can shorten claims or discharge the trustee.
Those patterns show why covered trusts, recipients, triggers, contents, delivery, waiver, claim consequences, and enforcement remain separate dimensions. Each cell preserves the statute's own report label; “annual accounting” is not used as shorthand for every financial-information duty.
Get this answered for your state
This survey compares every state side by side. Ask about your specific situation and see what your state's law says, with citations to the statutes.
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| State | Governing law and accounting type | Covered trusts, periods, and effective date | Recipients and information rights | Annual, final, vacancy, and demand triggers | Required contents, values, and allocations | Delivery, service, and court filing | Waiver, trust modification, and exceptions | Objection, limitation, settlement, and discharge | Enforcement, costs, and noncompliance |
|---|---|---|---|---|---|---|---|---|---|
| Alabama verified 2026-08-10 | Ala. Code § 19-3B-813(c): default trustee's report, automatically annual for distributees/permissible distributees and request-triggered for other beneficiaries; final and no-cotrustee vacancy reports also required |
Default chapter rule; while revocable, trustee duties are owed exclusively to settlor (§§ 19-3B-105, -603). Section 813(e)'s Jan. 1, 2007 boundary applies only to initial notices, not subsection (c) reports. Final period starts with most recent annual report and ends at last trust transaction |
Annual/final: distributees or permissible distributees plus any other qualified or nonqualified beneficiary requesting a report. Vacancy/death/incapacity report: qualified beneficiaries. Current permissible distributees receive material administration facts; qualified beneficiary gets requested administration information unless unreasonable; any beneficiary may request trust instrument (§ 19-3B-813) |
At least annually; at termination; and on vacancy if no cotrustee remains. Former trustee reports after vacancy; personal representative, conservator, or guardian may report for deceased/incapacitated trustee. Other qualified or nonqualified beneficiaries enter annual recipient class by request |
Trust property, liabilities, receipts, disbursements, trustee-compensation source/amount, and asset list with respective market values if feasible; final report covers through last transaction. No express carrying-value, principal/income-allocation, agent-fee, reconciliation, or distribution-plan schedule |
Send by a reasonably suitable method likely to result in receipt; permissible examples include first-class mail, personal delivery, last-known residence/business, properly directed electronic message, or a civil-rules method (§ 19-3B-109). Unknown/unreasonably unascertainable recipient exception. No routine court filing, certified mail, signature, oath, notarization, or proof-of-service form |
Any beneficiary may waive reports/information and withdraw prospectively (§ 19-3B-813(d)); general transmission waiver also allowed (§ 19-3B-109(c)). Trust terms may alter subsection (c)'s reporting duty, but not qualified beneficiary's § 813(a)(2) irrevocable-trust request right (§ 19-3B-105). Revocable-settlor rule applies |
Adequately disclosing account statement or other written trustee disclosure starts 2-year breach period; otherwise 2 years from first of trustee removal/resignation/death, beneficiary-interest termination, or trust termination (§ 19-3B-1005). No limitations warning required. Nonjudicial settlement may approve report/accounting, liability, or partial/final settlement; consent/release subject to misconduct and knowledge limits |
Court may compel duties or an account, enjoin/redress breach, appoint special fiduciary, suspend/remove trustee, reduce/deny compensation, trace property, or grant other appropriate relief (§ 19-3B-1001). Section 19-3B-1004 is reserved; no separate trust-code fee rule appears there |
| Alaska verified 2026-08-10 | Request-based statement of accounts under AS 13.36.080(a)(3); interested-party court proceeding may review and settle interim or final accounts, but registration creates no continuing supervision (§ 13.36.035) |
Beneficiary information/account duty in AS 13.36.080; no separate trust-date cutoff stated. Alaska administration/jurisdiction rules and trust registration matter; limited settlor exemption can apply during settlor life/capacity |
Any beneficiary on reasonable request; also trust terms affecting that interest, relevant asset information, and administration particulars. Receipt by an authorized representative can bind for claim-limit purposes (§§ 13.06.120, 13.36.080, .100) |
Only upon reasonable request: annually, trust termination, and trustee change (§ 13.36.080(a)(3)). No separate automatic annual or final delivery; court may review interim/final accounts on petition (§ 13.36.035) |
§ 13.36.080 does not define general account contents or valuation/allocation rules. Nominee-held corporate obligations must show trust ownership and holding facts; claim-cutoff report must adequately disclose the potential claim (§§ 13.36.100, .135) |
Ordinary requested statement: no method, signature, oath, or routine filing stated. Claim cutoffs turn on beneficiary/representative receipt or service; optional court approval requires report service, at least 60 days' proceeding notice, and hearing-notice procedure (§§ 13.06.110, 13.36.100) |
Settlor may exempt duties only for a beneficiary without mandatory annual-or-more-frequent distributions, by specified writing, until earlier of settlor death or judicial incapacity; distribution-period and later mandatory-distributee exceptions apply (§ 13.36.080(b)-(c)) |
Three years after received report plus records-location notice; or 6 months after adequate-disclosure report with exact 14-point bold warning; or 45 days after service in approval proceeding with at least 60 days' notice. Fraud claims excluded (§ 13.36.100) |
Court may review/settle interim or final accounts and instruct trustees; serious breach can support removal and protective relief. No automatic damages, fee award, compensation denial, or account invalidity stated for failure to furnish a requested statement (§§ 13.36.035, .076) |
| Arizona verified 2026-08-10 | A.R.S. § 14-10813(C): beneficiary trustee's report, generally a default duty subject to trust terms; § 14-11005 supplies a separate adequate-disclosure limitation route |
While a trust is revocable, beneficiary rights are controlled by and trustee duties are owed exclusively to the settlor (§ 14-10603). Section 14-10813(E)'s Jan. 1, 2009 limits apply only to the initial notices in (B)(2)-(3), not the reports in (C) |
Automatic reports go to distributees and permissible distributees; other beneficiaries receive them on request. Vacancy report goes to qualified beneficiaries. A satisfied specific-distribution-only beneficiary is excluded from report status (§ 14-10813(A), (B)(1), (C), (F)) |
At least annually and at trust termination; on a trusteeship vacancy, former trustee reports unless a cotrustee remains. Other beneficiaries may request reports; representative/conservator/guardian may report for a deceased or incapacitated trustee (§ 14-10813(C)) |
Trust property, liabilities, receipts, disbursements, source and amount of trustee compensation, asset list, and feasible market values (§ 14-10813(C)). No express carrying-value, agent-compensation, gain/loss, principal-income-allocation, or final distribution-plan field |
Send by a method reasonably suitable and likely to result in receipt; examples include first-class mail, personal or last-known-address delivery, and properly directed electronic message (§ 14-10109). No routine court filing, signature, oath, notarization, or certified-mail rule |
Beneficiary may waive reports and withdraw prospectively; no writing is specified (§ 14-10813(D)). Trust terms may alter the default duty, but cannot eliminate the duty to answer a qualified irrevocable-trust beneficiary's request for reports and reasonably related information (§ 14-10105(B)(8)) |
Adequate disclosure plus a limitation warning starts 1 year to sue; otherwise 2 years runs from specified ending events (§ 14-11005). Interested persons may approve an accounting by valid nonjudicial settlement; informed consent/release/ratification is separate. A termination distribution proposal has its own conditional 30-day objection rule |
Court may compel duties or accounting, enjoin, restore money/property, appoint a special fiduciary, suspend/remove trustee, reduce compensation, or grant other relief (§ 14-11001). Good-faith proceeding expenses and attorney fees are reimbursable, subject to court/arbitrator allocation (§ 14-11004) |
| Arkansas verified 2026-08-10 | Ark. Code Ann. § 28-73-813(c): default trustee's report, automatically annual for distributees/permissible distributees and request-triggered for other beneficiaries; termination and no-cotrustee vacancy reports also required |
Subsections 813(a)-(c) cover an irrevocable trust created on/after Sept. 1, 2005 and a revocable trust becoming irrevocable on/after that date. While revocable and settlor capable, beneficiary rights are settlor-controlled (§§ 28-73-603, -813(e)) |
Annual/termination: distributees or permissible distributees plus any other qualified or nonqualified beneficiary requesting a report. Vacancy: qualified beneficiaries. Qualified beneficiaries occupy current, next-line, and termination distribution horizons (§§ 28-73-103(14), -813) |
At least annually; at trust termination; and on vacancy if no cotrustee remains. Former trustee reports after vacancy; personal representative, conservator, or guardian may report for deceased/incapacitated trustee. Other beneficiaries enter the annual recipient class by request |
Trust property, liabilities, receipts, disbursements, trustee-compensation source/amount, and asset list with respective market values if feasible. No express carrying-value, principal/income-allocation, agent-fee, reconciliation, signature, or final-distribution-plan requirement (§ 28-73-813(c)) |
Send by a reasonably suitable method likely to result in receipt; examples include first-class mail, personal delivery, last-known residence/business, and a properly directed electronic message. Unknown/unreasonably unascertainable recipient exception. No routine court filing; a court may order an account (§§ 28-73-109, -1001) |
Beneficiary may waive reports/information and withdraw prospectively; recipient may waive transmission (§§ 28-73-109(c), -813(d)). Trust terms may alter the default report duty because § 28-73-105's mandatory list does not preserve § 813. Revocable-settlor and pre-Sept. 1, 2005 exceptions apply |
Adequately disclosing report plus notice of the time to sue starts 1-year breach period; otherwise 5 years from first of trustee removal/resignation/death, beneficiary-interest termination, or trust termination (§ 28-73-1005). Nonjudicial settlement may approve an accounting or trustee liability; consent/release is subject to misconduct and knowledge limits |
Court may compel duties or an account, enjoin/redress breach, appoint a special fiduciary, suspend/remove trustee, reduce/deny compensation, trace property, or grant other relief (§ 28-73-1001). Court may award costs and reasonable attorney fees as justice and equity require (§ 28-73-1004) |
| California verified 2026-08-10 | Cal. Prob. Code §§ 16062–16063; mandatory out-of-court trustee account, subject to statutory exceptions. Court settlement or compelled accounting proceeds under § 17200 |
Ordinary trust administration; pre-July 1, 1987 living trusts and specified older testamentary trusts are excluded. Revocable-period and same-person exceptions apply, with an incapacity qualification (§§ 16062, 16069) |
Beneficiaries currently required or discretionarily authorized to receive income or principal (§ 16062(a)); any beneficiary may reasonably request administration information relevant to that beneficiary's interest (§ 16061) |
At least annually, trust termination, and change of trustee. Court may compel after written request remains unmet 60 days and no account was made in the preceding 6 months (§§ 16062(a), 17200(b)(7)(C)) |
Principal/income receipts and disbursements; ending assets/liabilities; trustee compensation; agents, relationship, and compensation; court-review statement; 3-year claim warning. No separate valuation method required by § 16063 |
Ordinary account is furnished to covered beneficiaries; §§ 16062–16063 state no specific mail, signature, verification, or proof method. Only an account filed for court approval must follow the statutory court-account format (§ 16063(b)) |
Trust instrument or beneficiary may waive; beneficiary waiver/withdrawal must be written and withdrawal is prospective. Court may compel despite waiver on likely material breach; § 16062(e) voids waiver for specified sole trustees (§§ 16062(e), 16064) |
Adequately disclosed claims: 3 years after receipt; undisclosed/no-report claims: 3 years after discovery (§ 16460). A qualifying trust release needs at least 180 days, 12-point warning, written objection rule, and adequate disclosure (§ 16461) |
Beneficiary may petition to settle/review accounts, compel an overdue requested account, or redress breach (§ 17200). In an account contest, unreasonable-cause-plus-bad-faith conduct can shift fees, costs, and other expenses against contestant or trustee (§ 17211) |
| Colorado verified 2026-08-10 | Colorado Trust Code, C.R.S. §§ 15-5-813, -1005: nonjudicial trustee's report; automatic annual, termination, and no-cotrustee vacancy triggers, with court-ordered accounting available as a breach remedy (§ 15-5-1001) |
Ordinary Trust Code trusts. While revocable, beneficiary rights are settlor-controlled and trustee duties run exclusively to settlor (§ 15-5-603). § 15-5-813(5)'s pre-2019 exclusions apply only to initial notices, not subsection (3) reports |
Annual/termination: distributees and permissible distributees automatically; other qualified beneficiaries on request. Vacancy: all qualified beneficiaries. Qualified class covers current, next-tier, and termination distributees (§ 15-5-103(16)); affected trust portions and administration information are separately requestable |
At least annually and at trust termination; other qualified beneficiary must request. On vacancy with no cotrustee, former trustee reports to qualified beneficiaries; personal representative, conservator, or guardian may report for deceased/incapacitated trustee |
Annual/termination: property, liabilities, receipts, disbursements, trustee-compensation source/amount, asset list, and feasible market values (§ 15-5-813(3)(a)). Vacancy subsection does not separately restate contents. No carrying-value, principal/income-allocation, agent-compensation, or reconciliation schedule stated |
Reasonably suitable and likely to result in receipt; first-class mail, personal delivery, last-known residence/business, or properly directed electronic message are permissible (§ 15-5-109). No routine court filing, certified mail, signature, verification, oath, or notarization |
Qualified beneficiary may waive and withdraw prospectively; no writing stated. Trust terms generally control, but for an irrevocable trust the qualified beneficiary's request right for reports/administration information is mandatory (§ 15-5-105(2)(i)); revocable-settlor and court-direction exceptions apply |
One year after an adequately disclosing report that also states the time to sue; otherwise 3 years from trustee removal/resignation, beneficiary-interest termination, or trust termination; fraud/misrepresentation related to report excluded (§ 15-5-1005). Settlement may approve accounting or address liability (§ 15-5-111); consent/release has knowledge and misconduct limits (§ 15-5-1009) |
Court may compel performance, accounting/status/financial report/inventory, redress or surcharge, suspend/remove trustee, deny/disgorge compensation, trace property, or grant other relief (§ 15-5-1001). Compensation/costs follow Title 15, art. 10, pt. 6 (§ 15-5-1004); no accounting-specific automatic penalty |
| Connecticut verified 2026-08-10 | Conn. Gen. Stat. § 45a-499kkk: formal or informal beneficiary trustee's report; §§ 45a-175, 45a-177: optional/interested-party inter vivos judicial account and mandatory periodic/final testamentary Probate Court account |
CUTC generally applies from 2020-01-01 to trusts whenever created, but § 45a-499kkk(b)-(c) excludes an irrevocable trust created or becoming irrevocable before that date. Testamentary periodic account generally covers each 3-year period; revocable-capable settlor controls rights |
Current beneficiaries automatically receive reports; other qualified beneficiaries receive them on request. Qualified class uses current, next-line, and termination horizons; designated representatives and specified charity/AG/enforcer rules apply (§§ 45a-499c, 45a-499j, 45a-499kkk) |
Beneficiary report at least annually and at trust termination; vacancy report from former trustee unless cotrustee remains. Testamentary trustees generally file Probate Court accounts at least once every 3 years and a final account; beneficiaries may petition for a judicial accounting under stated standards |
Beneficiary report may be formal/informal but must cover property, liabilities, receipts, disbursements, trustee-compensation amount, asset list, and feasible market values. No carrying values, realized gains/losses, principal-income allocations, agent compensation, or distribution plan stated (§ 45a-499kkk(c)) |
Likely-receipt method; first-class mail, personal/last-known-address delivery, or advance-consented electronic message. Ordinary report not filed. Testamentary periodic/final accounts go to Probate Court; inter vivos trustee/settlor/successor may petition to submit an account for allowance (§§ 45a-499i, 45a-175, 45a-177) |
Beneficiary may waive reports/information and withdraw prospectively. Trust terms may vary default duty except age-25/designated-representative irrevocable-trust notice/request floor. Revocable-settlor control applies; will may excuse testamentary periodic accounts but not the required final account (§§ 45a-499e, 45a-499kkk(g), 45a-177) |
Judicial report approval forecloses noticed persons' claims on disclosed matters. Non-testamentary report with adequate disclosure and time notice starts 1 year; otherwise 3 years from first listed terminating event. Inter vivos report/account may be approved by nonjudicial settlement; separate distribution proposal has a 30-day objection rule |
Beneficiary may petition for accounting; courts may compel/approve accounts, compel or prohibit trustee action, and remove for serious breach or persistent failure. Probate Court may appoint an auditor and equitably allocate audit cost. No automatic accounting penalty or general attorney-fee award stated in the cited provisions |
| Delaware verified 2026-08-10 | 12 Del. C. §§ 3521-3526; formal Register in Chancery account only for specified instrument, court-order, appointment, or testamentary cases; separate claim-limitation report under § 3585 |
Inter vivos filing only by instrument/order/appointment; pre-Apr. 5, 1909 wills on beneficial request/order; later testamentary filing depends on July 31, 2005 death line and instrument/order (12 Del. C. §§ 3522-3524) |
No general automatic account-recipient class; filing-waiver interested parties include living trustor, current income, termination/next-line beneficiaries, advisers/protectors; reports may bind represented/designated beneficiaries (12 Del. C. §§ 3526(b), 3585(c)) |
No general annual/final/vacancy duty; required formal accounts not more often than once every 2 years absent special occasion; pre-1909 beneficial request can trigger rule; outgoing report is optional cutoff route (12 Del. C. §§ 3523, 3525(c), 3585(a)(2)) |
Formal account: just and true receipts/disbursements plus manner principal is invested; no statutory market values, liabilities, allocations, compensation, or final plan in § 3525(c) |
Formal account filed with county Register in Chancery for Chancery approval; nonjudicial reports may use mail/carrier, consented electronic routes, posting with delivered notice, or likely-receipt method; § 3585 clock begins on receipt with 7-day presumption (12 Del. C. §§ 3525(c), 3534, 3585(b)) |
Broad governing-instrument control; detailed interested-party waiver/nonobjection may release filing duty and requires Register notice; written notice waiver/rescission; claim period may be longer by instrument (12 Del. C. §§ 3303, 3526, 3534(3), 3585(a)(1)) |
One year after adequately disclosing report; 120 days after qualifying outgoing report plus transfer; otherwise five-year first-event rule; recipient may accelerate expiration in writing; fraud/misrepresentation preserved; informed consent/release may bar claim (12 Del. C. §§ 3585, 3588) |
Court may compel duties/account, redress, appoint fiduciary, suspend/remove, reduce compensation, trace, or grant relief; discretionary equitable fees/costs (12 Del. C. § 3581; 12 Del. C. § 3584) |
| District of Columbia verified 2026-08-10 | Default trustee report under D.C. Code § 19-1308.13(c); separate nonjudicial approval, ordinary claim-limit, and termination/resignation/removal release routes (§§ 19-1301.11, 19-1310.05, 19-1310.09) |
Report/information subsections do not apply to a trust created under an instrument executed before Mar. 10, 2004. Revocable and whole-principal withdrawal-power duties run exclusively to settlor or power holder (§§ 19-1306.03, 19-1308.13(e)) |
Annual/termination: distributees and permissible distributees. Requested termination: other qualified beneficiaries. Vacancy: qualified beneficiaries; requested vacancy/termination: nonqualified beneficiary unless qualified beneficiaries waived preparation (§ 19-1308.13(c)) |
Annually; trust termination; vacancy unless cotrustee remains; specified termination/vacancy requests. Personal representative, conservator, or guardian may report for deceased/incapacitated trustee (§ 19-1308.13(c)(1)-(5)) |
Property, liabilities, receipts, disbursements, distributions, trustee-compensation source and amount, asset list, and each asset's market value if feasible. Special 120-day release route adds prior 2-year receipts/disbursements, inventory value, fair-market-value distribution statement, estimates, unpaid fees, and notices (§§ 19-1308.13(c)(6), 19-1310.09(d)) |
Ordinary report: reasonably suitable method likely to result in receipt, including first-class mail, personal/last-known-address delivery, or properly directed electronic message; no routine filing. Special 120-day release route requires both first-class and certified mail, return receipt requested (§§ 19-1301.09, 19-1310.09(d)) |
Beneficiary may waive reports and withdraw prospectively. Settlor may waive/modify duties during specified lifetimes, change notice age, or designate a good-faith recipient; representation, revocable-settlor, withdrawal-power, legacy, and unknown-recipient rules apply (§§ 19-1301.05, -09; 19-1303.01; 19-1306.03; 19-1308.13) |
Adequately disclosed potential claim plus time notice: one year to sue; otherwise 3-year event-based fallback. Special release route: written objection within 120 days or deemed release/ratification after compliant mailed package; nonjudicial report approval also available (§§ 19-1301.11, 19-1310.05, -09) |
Court may compel duties/account, enjoin or redress breach, appoint/suspend/remove, reduce/deny compensation, address property, or grant other relief; justice/equity costs and attorney fees discretionary (§§ 19-1310.01, -04) |
| Florida verified 2026-08-09 | Fla. Stat. §§ 736.0813(1)(d), 736.08135: mandatory beneficiary trust accounting; § 736.10081 adds an optional nonjudicial settlement-and-discharge disclosure |
Irrevocable trusts; period since last accounting or trustee became accountable. Accounting duty applies to periods beginning July 1, 2007; content dates vary. § 736.10081 covers trusts irrevocable or becoming irrevocable on/after Apr. 29, 2026 |
Each qualified beneficiary; living current, next-line, or termination distributees (§ 736.0103(19)); representation applies and relevant administration information is available on reasonable request (§ 736.0813(1)(e), (3)) |
At least annually, trust termination, and change of trustee. Family-trust-company terms may limit reports to termination, cessation, or beneficiary demand (§ 736.0813(1)(d)) |
Trust/trustee/period; all transactions; trustee/agent compensation; realized gains/losses; receipts/disbursements; two asset values; liabilities; significant non-value transactions; income/principal allocations; final distribution plan (§ 736.08135) |
Send by a reasonably suitable method likely to result in receipt; first-class mail, personal/address delivery, fax, email, and authorized secure posting are listed. No routine court filing stated; judicial-proceeding service follows civil rules (§ 736.0109) |
Qualified beneficiary may waive accounting and withdraw in writing for future periods. Core copy/accounting duty is mandatory, subject to the family-trust-company exception; while revocable, duties run only to settlor (§§ 736.0105(2)(s), 736.0813(1)(d), (2), (4)) |
Adequately disclosed matters can face a 6-month claim period under § 736.1008. Separate § 736.10081 discharge uses a 60-day written-objection period plus completed planned distributions/transfers |
Failure is a breach of trust; court may compel performance or an accounting, suspend/remove trustee, deny compensation, surcharge, or grant other relief. Taxable costs include attorney and guardian-ad-litem fees (§§ 736.1001, 736.1004) |
| Georgia verified 2026-08-09 | O.C.G.A. § 53-12-243: mandatory beneficiary report/accounting; §§ 53-12-230 to -232: separate optional or compelled judicial interim, final, or equitable accounting |
Irrevocable-trust recipient duty; last complete fiscal year or period since last accounting. Current recipient, revocable-settlor, delivery, and sent-report rules took effect July 1, 2025 |
Annual account: current income/principal distributees during the report period and any revocation holder. Termination adds remainder beneficiaries; trustee change adds successor trustee. Qualified beneficiary may reasonably request relevant administration information (§ 53-12-243) |
At least annually, trust termination, and change of trustees; relevant report on a qualified beneficiary's reasonable request. Judicial interim petition after 12 months and no more than once per 12 months; judicial final route on resignation, removal, death, or termination |
Ordinary account: principal/income receipts and disbursements plus ending assets and liabilities. Judicial account adds period, detailed principal/income schedules, gains/losses, investments, estimated market values, and explanatory information (§§ 53-12-230 to -231) |
Send by a method likely to result in receipt and reasonably suitable; personal delivery, specified mail, consented electronic address, and safeguarded portal are presumed methods. Judicial petitions are served on beneficiaries and any bond surety (§§ 53-12-230, -231, -511) |
Written beneficiary waiver remains effective until withdrawn. Trust provisions or a settlor's delivered writing may override reports/accounts; court may require or excuse one. Living revocable-settlor and unascertainable-charity exceptions apply (§§ 53-12-46, -243) |
Adequately disclosing written report sent to beneficiary starts 2-year claim period; otherwise 6 years from actual or constructive discovery. Approved interim/final court account may relieve liability and binds parties; portal loss can toll the 2-year period (§§ 53-12-230, -231, -307, -511) |
Beneficiary may seek damages, compelled duties or accounting, injunction, redress, temporary trustee or suspension, removal, and reduced/denied compensation. Judicial-accounting costs and reasonable trustee attorney fees are charged to trust unless court directs otherwise (§§ 53-12-230, -231, -301) |
| Hawaii verified 2026-08-10 | HRS § 554D-813(d), (g): ordinary out-of-court trustee report plus a separate detailed court-filed account for covered court-appointed/approved trustees; nonjudicial settlement may approve report/accounting (§ 554D-111) |
Code generally applies to trusts before/on/after Jan. 1, 2022, protecting prior acts/periods. Lifetime revocable duties follow settlor/incapacity hierarchy; ordinary beneficiary duties become post-death. Court-account duty has instrument-appointed/confirmed exceptions (§§ 554D-813(a)-(b), (h), -1104) |
Ordinary annual/termination: distributees/permissible distributees plus requesting qualified beneficiaries. Vacancy: all qualified beneficiaries. During incapacitated settlor's lifetime, reports follow statutory preference list before qualified beneficiaries; post-death information/instrument rights apply (§ 554D-813) |
Ordinary: at least annually, trust termination, and no-cotrustee vacancy; other qualified beneficiary requests report. Covered court-appointed/approved trustee files annually, unless court permits biennial/triennial filing or accumulation; final account may be reviewed (§ 554D-813(d), (g)) |
Ordinary: property, liabilities, receipts/disbursements, trustee-compensation source/amount, asset list and feasible market values. Court account: detailed all receipts/disbursements plus full detailed inventory of controlled property. No ordinary carrying-value, allocation, agent-fee, reconciliation, or distribution-plan schedule |
Ordinary report uses reasonably suitable method likely to result in receipt, including mail, personal/last-known-address delivery, or directed electronic message (§ 554D-109). Covered court trustee files with supervising court; court/clerk passes annual-income accounts ≤$1,000 without master, subject to final-account referral (§ 554D-813(g)) |
Qualified beneficiary may waive and withdraw prospectively; trustee may charge reasonable information fee. Trust terms may alter ordinary report default but not protected notice/request-response core. Court-filing exceptions cover specified instrument-appointed/additional/replacement trustees unless instrument requires filing (§§ 554D-105, -813(e)-(h)) |
Adequately disclosing report plus notice of time to sue starts 1-year breach period; otherwise 3 years from first ending event, with deceased-trustee claims separately referred to probate limit (§ 554D-1005). Nonjudicial settlement may approve report/accounting or liability; consent/release has misconduct/knowledge limits |
Court-account failure: clerk notice, 30 days to file, then show-cause contempt citation/penalties and discretionary removal (§ 554D-813(g)). Breach remedies include compelled account, suspension/removal, denied compensation, fee shifting, punitive damages, and other relief; fee rules vary by best-interest/good-faith predicates (§§ 554D-1001, -1004) |
| Idaho verified 2026-08-10 | Idaho Code § 15-7-303(c): beneficiary-requested statement of trust accounts, not an automatic annual report. Registered-trust court may review and settle interim/final accounts on an interested party's petition (§§ 15-7-201, -206) |
Chapter 15-7 trust administration; § 15-7-303 states no revocable/irrevocable distinction, report-period formula, or legacy cutoff. Requested statements are available annually and at trust termination or trustee change |
Any beneficiary may make the reasonable request. Beneficiary may also request trust terms affecting the interest plus relevant trust-asset and administration information (§ 15-7-303(b)-(c)); no qualified-beneficiary class used |
Reasonable request is required; then annual statement and statements on trust termination or change of trustee. No automatic annual, termination, vacancy, resignation, removal, or former-trustee report stated (§ 15-7-303(c)) |
Statute says only 'statement of the accounts of the trust'; no listed schedules, values, allocations, compensation fields, or distribution plan. Separate reasonable-request right covers relevant asset and administration information (§ 15-7-303(b)-(c)) |
Out-of-court account has no prescribed delivery method; final-account limits run from beneficiary receipt. Ordinary accounts/reports proceed without court approval, but interested party may file petition for judicial review/settlement and give statutory notice (§§ 15-7-201(b), -206) |
No express report waiver, prospective withdrawal, trust-term modification, or revocable-settlor exception stated in §§ 15-7-303 or -307. Adjudication or consent may separately bar a claim; final-account receipt may occur through representative for minor/disabled beneficiary |
Fully disclosing received final account showing termination starts 6-month breach-claim bar. Even without full disclosure, received final account plus notice of records' location/availability protects trustee after 3 years. Court may review/settle interim or final account (§§ 15-7-201, -307) |
Interested party may petition court to review/settle accounts; court may remove trustee for material breach, unfitness, impaired cotrustee cooperation, stated investment failure, changed circumstances, or good cause and order protective/other appropriate relief (§§ 15-7-201, -308). No automatic accounting penalty stated |
| Illinois verified 2026-08-09 | 760 ILCS 3/813.1 and 813.2: mandatory annual and termination trust accountings under separate post-2020 and legacy regimes; § 813.1(i) permits elective judicial approval |
§ 813.1 covers trusts becoming irrevocable and revocable-trust trustees accepting after Jan. 1, 2020; § 813.2 covers earlier irrevocability or trusteeship. Revocable-settlor rules in § 603 apply |
Post-2020: all current beneficiaries; presumptive remainder beneficiaries unless trust terms alter that default; residue distributees at termination. Legacy: income recipients/eligible income beneficiaries, then termination distributees; representatives receive for incapacitated beneficiaries |
At least annually; on trust termination; and on vacancy, unless a cotrustee remains, by the former trustee or statutory substitute. Qualified beneficiary may reasonably request the trust instrument; judicial approval is elective (§ 813.1) |
Property, liabilities, receipts, disbursements, trustee compensation, feasible closing asset values, and other material administration facts. Nonmarket assets may use trustee-chosen estimates or nominal carrying values; appraisal timing is discretionary (§§ 103(38), 813.1(b)(8), 813.2(e)) |
Reasonably suitable, likely-receipt method; first-class mail, personal/address delivery, or properly directed electronic message. Electronic receipt presumption requires agreement. Trustee may seek court approval; reasonable necessary costs are trust-paid and income/principal allocated (§§ 109, 813.1(i)) |
Qualified beneficiary may waive in a writing delivered to trustee and withdraw for future accountings. Trust cannot override post-2020 current-beneficiary annual or residue-beneficiary termination duties; presumptive-remainder and legacy duties are default rules (§§ 105, 813.1(g)) |
Adequately disclosed post-2020 matters bind after 2 years; legacy current/final accounts after 3 years; residual outside bar is 5 years after listed events. Consent/release has knowledge and improper-conduct limits; § 111 settlements can approve accounts and bind interested persons |
Court may compel duties or an account, enjoin, redress, suspend/remove trustee, reduce/deny compensation, or grant other equitable relief. Qualified beneficiary may seek removal; judicial-account approval costs are payable by trust (§§ 706, 813.1(i), 1001) |
| Indiana verified 2026-08-10 | Indiana Trust Code, Ind. Code §§ 30-4-5-12 to -15. Automatic annual written statement to income beneficiaries; petition-triggered or trustee-requested verified court accounting; biennial court account only when the trust instrument expressly creates continuing jurisdiction. |
Ordinary trusts within IC 30-4; excludes operation-of-law, business, security/creditor, voting, specified institutional, statutory, and employee-benefit trusts (§ 30-4-1-1(c)-(d)). Pre-September 2, 1971 trusts and pre-amendment trusts are covered subject to four vested-intent/duty protections (§ 30-4-1-4). While a revocable settlor has capacity, trustee duties are owed exclusively to the settlor (§ 30-4-3-1.3). |
Annual statement: each income beneficiary or personal representative (§ 30-4-5-12(a)). Current income beneficiaries and specified next income beneficiaries may obtain accounting and financial records on written request; after irrevocability, an income beneficiary or remainderman may request the trust instrument (§ 30-4-3-6(b)(7)-(8)). |
Annual delivery is automatic unless modified or waived. No automatic final, termination, resignation, removal, vacancy, or change-of-trustee statement appears in §§ 30-4-5-12 to -15. An authorized interested person may petition at any time for a court-ordered verified account, ordinarily no more than once a year absent good cause; a trustee may seek court review and settlement (§§ 30-4-5-12(c), 30-4-3-18(b)). |
Informal annual statement: all receipts and disbursements since the last statement, plus every trust-property item at inventory value (§ 30-4-5-12(a)). Court account: period, prior principal, itemized principal and income activity, closing principal/income, investments with inventory and current market values, compliance statement, beneficiary information, unborn/unascertained interests, and trustee addresses (§ 30-4-5-13(a)). |
Deliver the annual statement directly. Permitted methods include first-class mail, personal delivery, last-known residence/business, or agreed electronic delivery/access with stated safeguards (§ 30-4-6-6.5). A qualifying petition can produce a verified court filing; biennial filing occurs only under expressly directed continuing jurisdiction (§§ 30-4-5-12(c)-(e), 30-4-6-2). |
Trust terms may change the annual duty, and an adult competent beneficiary may waive it in writing (§ 30-4-5-12(a)); no statutory withdrawal rule is stated. Trust terms may restrict information rights for specified periods, but an adult beneficiary who learns material trust information elsewhere may still demand or petition for an accounting within § 30-4-3-6(e)'s limits. |
Receipt alone states no fixed objection cutoff or discharge. Written beneficiary approval discharges the trustee as to that beneficiary for matters disclosed in the annual statement (§ 30-4-5-14(a)). In a court-approval case, responsive-pleading timing follows the Indiana Rules of Procedure, objections ordinarily must be specific, and the judgment binds parties subject to the court's jurisdiction (§§ 30-4-5-14(b)-(d), 30-4-5-15(a)). |
An authorized person may petition to compel a verified account, and the court may require supporting proof (§§ 30-4-5-12(c), 30-4-5-13(b)). A trustee is accountable for the trust estate; a breach can support loss, disgorgement, lost-profit, and reasonable beneficiary attorney-fee liability (§ 30-4-3-11(a)-(b)). No separate automatic fine or forfeiture is stated for a missed annual statement. |
| Iowa verified 2026-08-10 | Iowa Code § 633A.4213: mandatory annual beneficiary accounting for specified distributees; discretionary format. Court may settle accounts, compel reporting, or approve a settlement (§§ 633A.6202, .6308) |
Irrevocable trusts created on/after July 1, 2002; pre-July 2002 trusts excluded without eliminating common-law accounting rights. If settlor retains beneficiary-change power or another holds a presently exercisable general appointment power, report only to that person (§ 633A.4213(4), (7)) |
Annual account: each adult beneficiary and representative of each minor/incompetent beneficiary who may receive income or principal during the period. Qualified beneficiaries separately receive rights/process notice; conflict-free representative may receive for beneficiary before age 25 (§§ 633A.1102(17), .4213) |
Annual accounting is automatic for covered recipients unless waived for that period. Beginning/ending balances are request-triggered. No separate statutory final, termination, resignation, removal, vacancy, or change-of-trustee accounting trigger (§ 633A.4213) |
Format/content within trustee's discretion, but sufficient to reasonably inform beneficiary of trust condition and activities during period; beginning and ending balances on request. No mandatory transaction, compensation, value, allocation, or distribution-plan schedule stated (§ 633A.4213(6)) |
Reasonably suitable method likely to result in receipt; first-class mail, personal delivery to last-known residence/business, and properly directed email are listed. No routine filing; current § 633A.6203 makes trust-proceeding notice follow § 633A.1109 |
Accounting may be waived specifically for that period; settlor may specifically waive § 633A.4213 in instrument, without erasing common-law rights or trustee liability. Trust terms may otherwise alter duties, but not authorize bad faith. Under-25 representative and retained-power exceptions apply (§§ 633A.4201, .4213) |
Adequately disclosing accounting/report starts 1 year from receipt; no special deadline notice required. Statutory receipt rules cover capable adults, legal representatives, and minors. Nonjudicial settlement may approve accounting/liability; informed consent/release/affirmance may protect trustee (§§ 633A.4504, .4506, .6308) |
After written-request refusal, court may compel compliance and assess costs/attorney fees personally; otherwise failure's only stated consequence is loss of § 633A.4504 limitation defense. General equitable remedies include performance, injunction, redress, receiver, removal, compensation reduction, tracing, and other relief (§§ 633A.4213(5), .4501-.4502, .4507) |
| Kansas verified 2026-08-10 | K.S.A. 58a-813: default out-of-court trust report, not a routine judicial accounting; report/accounting and trustee liability may be settled by qualifying nonjudicial agreement (§ 58a-111) |
Annual report covers the most recent fiscal year; termination receipts/disbursements run from the terminating event. Code generally reaches trusts before/on/after Jan. 1, 2003, subject to transition rules; revocable-trust duties run exclusively to settlor (§§ 58a-603, -813, -1106) |
Annual: qualified beneficiaries who actually received distributions, excluding specific bequests; also an eligible nondistributee qualified beneficiary on request. Termination: qualified beneficiaries entitled to distributions, same exclusion. General administration-information and instrument-copy rights also apply (§ 58a-813) |
At least annually; trust termination; vacancy if no cotrustee remains, reported by former trustee; representative/conservator/guardian may report for deceased/incapacitated trustee; eligible nondistributee may request annual report (§ 58a-813(b)(5), (e)) |
Assets and feasible market values; liabilities; receipts/disbursements; trustee-compensation source/amount; requested investment return and AIMR-method compliance. Termination report uses same contents but limits receipts/disbursements to post-terminating-event period (§ 58a-813) |
Send by a reasonably suitable method likely to result in receipt; examples include first-class mail, personal/last-known-address delivery, and properly directed electronic message. Unknown/unascertainable person excused; no routine court filing (§ 58a-109) |
Qualified beneficiary may waive and later withdraw prospectively; trust terms may alter report duties. Section 58a-813 is inapplicable to nonspouse qualified beneficiaries during the spouse/issue condition; 2026 law permits time-limited information restrictions and designated-representative handling |
Adequately disclosing report plus notice of time to sue starts 1-year breach period; otherwise 2 years from first ending event (§ 58a-1005). Nonjudicial settlement may approve report/accounting or liability; consent/release/ratification has misconduct and knowledge exceptions (§§ 58a-111, -1009) |
Court may compel duties or an account, enjoin/redress breach, appoint special fiduciary, suspend/remove trustee, reduce/deny compensation, trace property, or grant other relief (§ 58a-1001). Court may award costs and reasonable attorney fees as justice and equity require (§ 58a-1004) |
| Kentucky verified 2026-08-10 | KRS §§ 386B.8-130, 386B.8-180: request-triggered trustee's report plus an optional statutory final/change-of-trustee accounting-and-objection procedure; no automatic annual account for every beneficiary |
Chapter 386B generally covers express private trusts created before, on, or after July 15, 2014, subject to listed exclusions. Revocable-settlor control applies. Initial-notice/report-right floor has a pre-July 15, 2014 exception; amended § 386B.8-180 effective July 15, 2026 |
Requested report goes to requesting qualified beneficiary; class includes current, next-line, and termination distributees (§ 386B.1-010(14)). At least one age-25 qualified beneficiary or fiduciary designee of an irrevocable trust must receive existence, trustee-identity, and report-request information despite trust terms |
On qualified-beneficiary request: at least annually and at trust termination. Vacancy report from former trustee unless cotrustee remains. Optional § 386B.8-180 route after termination, resignation, or removal; alternative § 386B.8-170 distribution proposal on termination/partial termination |
Requested report: property, liabilities, receipts, disbursements, trustee-compensation source/amount, asset list, and feasible market values. § 386B.8-180: prior 5-year accounting, net assets, anticipated items, remaining fees, event notice; termination statement also uses fair market value |
Reasonably suitable method likely to result in receipt; first-class mail, personal/last-known-address delivery, or properly directed electronic message permitted (§ 386B.1-070). No routine filing; a timely § 386B.8-180 objection may be submitted to District Court |
Qualified beneficiary may waive reports/information and withdraw for future reports. Trust terms may alter § 386B.8-130(1), but not the subsection (2) minimum notice/report-right floor. While revocable and settlor has capacity, duties are owed exclusively to settlor |
Ordinary adequately disclosing report with time notice: 1 year from sending; otherwise 5 years from discovery of injury (§ 386B.10-050). § 386B.8-180 gives 45 days from sending to object; after warning, nonobjection/consent and distribution create court-order-equivalent preclusion. Reports may be approved by nonjudicial settlement |
Court may compel duties or accounting, enjoin/redress breach, appoint fiduciary, suspend/remove trustee, reduce/deny compensation, or grant other relief (§ 386B.10-010). § 386B.8-180 permits specified objection-resolution expenses to be charged to trust; no automatic accounting penalty or general fee award stated |
| Louisiana verified 2026-08-10 | Louisiana Trust Code, La. R.S. 9:2088: express duty to keep and render clear and accurate annual and final accounts; not a UTC trustee's-report provision |
Private trusts under Louisiana Trust Code. While revocable, account only to settlor (§§ 9:2061, 9:2088(A)). First period is calendar year when trustee became responsible for property or optional period ≤12 months; final begins after latest annual account or, in first year, when trustee became responsible (§ 9:2088) |
Account: beneficiary or legal representative. On request at reasonable times, beneficiary receives complete/accurate property nature and amount and may inspect trust subject matter, accounts, vouchers, and related documents personally or through duly authorized person (§§ 9:2088–2089) |
At least once yearly. First account due within 90 days after chosen first calendar year/≤12-month period ends. Final account on trust termination, revocation, or rescission, or trustee resignation or removal. No separate vacancy, death, successor-first-account, or demand-triggered accounting stated; information/inspection is request-based |
Detail all cash receipts/disbursements, all receipts/deliveries of other trust property, and list every trust-property item at year-end; final uses same contents (§ 9:2088(B)-(C)). No express market/carrying values, liabilities, trustee/agent compensation, principal-income allocation, reconciliation, or distribution plan |
Section 2088 says render, without prescribing ordinary service. To start § 9:2234 damage periods, trustee must render by actual delivery or mail to beneficiary/legal representative at last known address. No routine court filing unless trust instrument or proper court expressly requires it; refused written approval permits contradictory court proceeding |
Trust instrument generally determines duties, subject to express Code provisions (§ 9:2061). Competent fully informed beneficiary, with trustee consent, may relieve duties as to self by delivered writing, but not prospectively/general loyalty (§ 9:2063). Knowledgeable, non-induced delivered writing may relieve liability, subject to loyalty/bad-faith limits (§ 9:2207). Revocable-settlor exception |
Written beneficiary/representative approval is conclusive for disclosed matters; refused approval permits contradictory court approval with same effect (§ 9:2088(D)). Damage action: 2 years from qualifying delivery/mail, with 3-year outside period; minor's 2 years starts at 18. Other beneficiary-trustee action: 2 years from final account. Periods are peremptive and cannot be renounced, interrupted, or suspended (§ 9:2234) |
Beneficiary may compel duties, enjoin or require redress of breach, or remove trustee (§ 9:2221), using summary proceeding (§ 9:2231). Breaching trustee may be charged loss/depreciation or actual/lost profit (§ 9:2201). Cited accounting/remedy sections state no fixed penalty or accounting-specific attorney-fee award |
| Maine verified 2026-08-10 | Default trustee's report under 18-B M.R.S. § 813; direct beneficiary report with court-remedy and settlement routes |
Irrevocable trusts; revocable-lifetime duties run only to settlor or incapacity recipients; Code generally covers pre/post-July 1, 2005 trusts, and § 813(5) limits notices—not reports (18-B M.R.S. §§ 813(5)-(6), 1104) |
Automatic distributees/permissible distributees; other requesting qualified beneficiaries; vacancy report to all qualified beneficiaries; broader reasonable-information and instrument-copy rights (18-B M.R.S. §§ 103(12), 813(1)-(3)) |
At least annually and at trust termination; vacancy report if no cotrustee; report/information requests; revocable settlor or incapacity hierarchy (18-B M.R.S. § 813(1), (3), (6)) |
Property, liabilities, receipts, disbursements, source/amount trustee compensation, asset list, and feasible market values and tax bases; no prescribed allocations or final plan (18-B M.R.S. § 813(3)) |
Send by a reasonably suitable method likely to result in receipt, including first-class mail, personal/last-known-address delivery, or properly directed electronic message; no routine filing stated (18-B M.R.S. §§ 109, 813(3)) |
Beneficiary waiver and prospective withdrawal; settlor writing may modify duties through surviving-spouse/designated-representative framework; current-beneficiary request core otherwise mandatory (18-B M.R.S. §§ 105(2)(H)-(I), (3), 813(4)) |
One year after adequate claim disclosure plus limitation notice; otherwise six years after first of trustee departure/death, interest termination, or trust termination; settlement approval and informed consent/release routes (18-B M.R.S. §§ 111, 1005, 1009) |
Court may compel duties or an account, redress, suspend/remove, reduce compensation, or grant other relief; discretionary equitable fees/costs (18-B M.R.S. § 1001; 18-B M.R.S. § 1004) |
| Maryland verified 2026-08-10 | Maryland Trust Act, Md. Code, Est. & Trusts §§ 14.5-813, -904, -907: request-based annual/termination trustee's report; separate optional five-year release report after termination, removal, or resignation |
Ordinary Trust Act trusts. While revocable, beneficiary rights are settlor-controlled and duties run exclusively to the settlor, except an incapacitated settlor's lifetime distributee may enforce as if irrevocable (§ 14.5-603). The pre-2015 carveout in § 14.5-813(e) applies only to initial notices, not subsection (c) reports |
§ 813 reports go to requesting qualified beneficiaries: current, next-tier, or termination distributees, subject to power-of-appointment exclusions (§ 14.5-103(u)). Administration information and the instrument are also requestable. § 907 release reports go to each interested party from whom release is sought |
Annual and termination reports begin only on a qualified beneficiary's request. Vacancy report: requesting qualified beneficiaries if no cotrustee remains. Optional § 907 release route: trust termination or trustee removal/resignation |
§ 813: property, liabilities, receipts, disbursements, trustee-compensation source/amount, asset list, and feasible market values. § 907: immediately preceding 5 years of accounting/account statements, anticipated unreceived or undisbursed property/interests, remaining fees, event notice, 120-day warning, and no-known-undisclosed-claim statement |
§ 813 document: method reasonably suitable and likely to result in receipt; first-class mail, personal delivery, or delivery address are permissible (§ 14.5-109). No routine court filing. § 907 requires both first-class and certified mail, return receipt requested; a timely objection may be submitted to court |
Qualified beneficiary may waive reports/information and withdraw prospectively; § 109 requires document waiver in writing. Trust terms generally prevail, but § 813(a), (c) information and report duties are mandatory (§ 14.5-105). A trustee-beneficiary need not report to self |
Adequate-disclosure report plus a one-year warning starts § 904's claim period, except bad-faith or reckless-indifference breach. Under optional § 907, no objection or written no-objection within 120 days creates deemed release/consent/ratification; timely objection may go to court or agreement. Ordinary § 813 receipt alone is not discharge |
Failure to perform a beneficiary duty is a breach. Court may compel performance or an account, enjoin/redress breach, appoint a special fiduciary, suspend/remove trustee, reduce/deny compensation, trace property, or grant other appropriate relief (§ 14.5-901); no accounting-specific automatic penalty or fee award stated |
| Massachusetts verified 2026-08-10 | M.G.L. c. 203E, § 813(c): formal or informal account of trust income and principal; default annual and termination duty. Section 1005 separately governs claim limitation after final accounts/statements |
Section 813(c) states no irrevocable-only, trust-date, trusteeship-date, or specified accounting-period limit. Trust terms generally prevail under § 105. Current § 103 defines qualified beneficiary using current-distributee and trust-termination horizons |
Automatic: distributees and permissible distributees of income or principal. Other qualified beneficiaries receive accounts on request; § 813(a) separately requires reasonable information and prompt request responses unless unreasonable |
At least annually and at trust termination; requested by other qualified beneficiaries (§ 813(c)). No express resignation, removal, vacancy, successor-trustee, or change-of-trustee account trigger in § 813 |
Trust property, liabilities, receipts, disbursements, amount of trustee compensation, asset list, and feasible market values (§ 813(c)). No express carrying-value, agent-compensation, gain/loss, income-principal-allocation, or final distribution-plan field |
Send by a method reasonably suitable and likely to result in receipt; examples are first-class mail, personal delivery, and last-known residence/business delivery (§ 109). Unknown/unascertainable recipient excused. No routine court filing, signature, oath, notarization, or certified-mail requirement |
Beneficiary may waive accounts/information and withdraw for future items; waiver does not relieve accountability or potential liability for matters the information would disclose (§ 813(d)). Section 105 lets trust terms vary the default duty; no waiver-writing requirement is stated |
Fully disclosing final account showing relationship termination: 6 months to sue; final account plus records-availability notice: outside 3-year bar even without full disclosure (§ 1005(a)). Other 3-year knowledge and 5-year ending-event limits apply. Nonjudicial settlement may approve an account; distribution proposal has a separate conditional 30-day objection rule |
Court may compel duties or accounting, enjoin, restore money/property, appoint special fiduciary, suspend/remove trustee, reduce compensation, or grant other relief (§ 1001). That remedy section specifies no fixed reporting fine or automatic fee award |
| Michigan verified 2026-08-09 | MCL § 700.7814(3): mandatory trustee's report; §§ 700.7111 and 700.7201: nonjudicial approval and optional judicial interim/final accounting routes |
Michigan Trust Code applies to trusts created before, on, or after Apr. 1, 2010, subject to accrued-right/older-proceeding protections. While revocable, duties generally run only to settlor (§§ 700.7603, 700.8206) |
Automatic: distributees/permissible distributees of income or principal. On request: other qualified or nonqualified beneficiaries. Vacancy: qualified trust beneficiaries. Any beneficiary may get report in trustee's discretion and may request relevant administration information (§ 700.7814) |
At least annually and trust termination; vacancy without remaining cotrustee requires former-trustee report. Other beneficiaries request it. Court may require/hear/settle interim or final accounts (§§ 700.7201, 700.7814) |
Trust property, liabilities, receipts, disbursements, source/amount of trustee compensation, property list, feasible market values, and applicable § 700.7802(5) conflict disclosure. No general carrying-value, allocation, agent-fee, or distribution-plan mandate (§ 700.7814(3)) |
Send by reasonably suitable method likely to result in receipt; first-class mail, personal/last-known-address delivery, and identified fax/electronic message are listed. No routine court filing; court intervention occurs when invoked or ordered (§§ 700.7109, 700.7201) |
Trust terms generally may vary annual-report duty or direct accounts to fewer beneficiaries, but court may order excluded persons' accounts. Beneficiary may waive and withdraw for future reports. Revocable-settlor and nondisclosure-trust rules affect duties/recipient status (§§ 700.7105, 700.7110, 700.7603, 700.7814) |
Adequate report plus deadline notice: 1 year from sent date. Report waiver: 1 year after calendar year of breach. Otherwise 5 years from first trustee departure, interest termination, or trust termination. Nonjudicial agreement may approve accounting and liability (§§ 700.7111, 700.7905) |
Court may compel duties/account, enjoin/redress breach, appoint/suspend/remove trustee, deny compensation, and grant other relief. Equitable costs/fees may protect trust; good-faith trustee expenses reimbursed, but breach-related compensation/expenses may be reduced or denied (§§ 700.7901, 700.7904) |
| Minnesota verified 2026-08-10 | Minn. Stat. § 501C.0813: ongoing, trust-variable irrevocable-trust information duty; no automatic statutory annual/final/vacancy financial report. Court may order an accounting (§ 501C.1001); settlement may approve a report/accounting (§ 501C.0111) |
Information duty covers irrevocable trusts. While revocable, rights are settlor-controlled and duties run exclusively to settlor (§ 501C.0604). Trust Code generally applies to trusts before/on/after Jan. 1, 2016, but not pre-2016 acts/omissions (§ 501C.1304) |
Qualified beneficiaries must be reasonably informed; any beneficiary may request administration information. Trust may instead designate settlor/another person, including beneficiary or representative, to receive information; that person has enforcement standing unless terms say otherwise (§ 501C.0813) |
No automatic annual, termination, vacancy, resignation, removal, or successor report. Irrevocable-trust administration-information requests are answered promptly unless unreasonable; court may order an account for breach, and parties may settle or approve an accounting |
No statutory financial schedule, period, transaction list, compensation disclosure, asset list, market value, allocation, or distribution plan. Duty covers administration and material facts necessary to protect interests. Limitation report must adequately disclose a potential claim (§ 501C.1005) |
Nonjudicial notice/document: reasonably suitable and likely to result in receipt; first-class mail, personal delivery, last-known residence/business, fax, or electronic message are permissible (§ 501C.0109). No routine filing; trustee may petition when trust prohibits sharing accountings (§ 501C.0813(b)) |
Trust terms may reroute paragraph (a), prohibit beneficiary sharing, or otherwise control because § 501C.0813 is default. Beneficiary may waive/withdraw information right by notice delivered to trustee; general document waiver must be written (§§ 501C.0105, .0109, .0813) |
3 years after beneficiary/representative receives report adequately disclosing potential claim; otherwise 6 years from trustee removal/resignation/death, beneficiary-interest termination, or trust termination (§ 501C.1005). Substitute information recipient is representative for this limit (§ 501C.0301(e)). Settlement may approve accounting/liability; release has misconduct/knowledge limits |
Court may compel duties or an account, enjoin/redress breach, appoint special fiduciary, suspend/remove trustee, reduce/deny compensation, trace property, or grant other relief (§ 501C.1001). Court may equitably award costs and reasonable attorney fees from the trust (§ 501C.1004) |
| Mississippi verified 2026-08-10 | Miss. Code Ann. §§ 91-8-205, 91-8-813: no automatic calendar-based beneficiary accounting; ongoing information/request duties plus a voluntary or court-ordered judicial trust accounting and partial/final settlement route |
Section 813(a)(1)'s current-distributee duty does not apply to a trust agreement irrevocable before July 1, 2014; prior law continues. While revocable, beneficiary rights are settlor-controlled (§§ 91-8-603, -813(f)). Judicial accounting runs from last accounting, trustee accountability, or another court-set date |
Current mandatory/permissible distributees receive material administration information; qualified beneficiaries get reasonable-time responses to administration requests and reimburse reasonable response expenses; nonfiduciary power holders share those rights. Judicial-accounting notice goes to trustee and each beneficiary or representative (§§ 91-8-205, -813) |
No automatic annual, termination, or vacancy accounting. Trustee may file a court accounting at any time and seek partial/final settlement; interested party may petition for a court-ordered accounting and settlement. Qualified beneficiary may request administration information (§§ 91-8-205, -813(a)) |
Judicial accounting: trust, trustee, period; all receipts/disbursements; realized gains/losses; closing assets and liabilities; acquisition/carrying and estimated current values when feasible; significant noncash transactions; income/principal allocations affecting a beneficiary (§ 91-8-205(b)) |
Ordinary documents use a reasonably suitable method likely to result in receipt, including first-class mail, personal delivery, last-known residence/business, or properly directed electronic message (§ 91-8-109). Judicial accounting is filed in court; civil-procedure notice goes to trustee and each beneficiary or representative (§ 91-8-205(a)) |
Beneficiary or nonfiduciary power holder may waive reports/information and withdraw prospectively; recipient may waive transmission. Trust terms or authorized settlor/protector/advisor may use § 91-8-105(d)'s settlor/spouse-lifetime, different-age, or good-faith-surrogate modifications. Revocable, legacy, and written-confidentiality limits apply |
Court order on judicial accounting and partial/final settlement is final and conclusive for matters in the period (§ 91-8-205(c)). Adequately disclosing report starts 1-year beneficiary claim period; otherwise 3 years from first ending event (§ 91-8-1005). Nonjudicial settlement may approve report/accounting or liability; release has misconduct/knowledge limits |
Court may compel duties or an account, enjoin/redress breach, appoint special fiduciary, suspend/remove trustee, reduce/deny compensation, trace property, or grant other relief (§ 91-8-1001). Courts may award fees/costs; written agreement permits trust payment in nonjudicial proceedings; mediator/arbitrator may award against trust assets (§ 91-8-1004) |
| Missouri verified 2026-08-10 | Missouri Uniform Trust Code, RSMo § 456.8-813. Statutory 'trustee's report' sent outside court; automatic annual, termination, and no-cotrustee vacancy triggers. A court may separately order an accounting as a breach remedy (§ 456.10-1001). |
Current § 456.8-813 applies to instruments becoming irrevocable on or after Jan. 1, 2005; prior law continues for earlier instruments (§ 456.8-813.8). While a trust is revocable and the settlor has capacity, beneficiary rights are controlled by and trustee duties run exclusively to the settlor (§ 456.6-603). |
Annual/termination: permissible distributees (currently eligible for mandatory or discretionary income/principal) plus other beneficiaries who request (§§ 456.1-103(16), 456.8-813.3). Vacancy with no remaining cotrustee: qualified beneficiaries, covering current, next-tier, and termination distributees (§ 456.1-103(21)). Related rights include reasonable administration information and the trust instrument on request. |
At least annually; trust termination; and, on request, to another beneficiary. On a trusteeship vacancy with no cotrustee remaining, former trustee reports to qualified beneficiaries; a representative may report for a deceased/incapacitated trustee (§ 456.8-813.3). No separate automatic first report from the successor is stated. |
Trust property, liabilities, receipts, disbursements, source and amount of trustee compensation, asset list, and each asset's market value if feasible (§ 456.8-813.3). The section states no mandatory carrying value, principal/income allocation schedule, agent-fee schedule, oath, notarization, or distribution plan. |
Send by a method reasonably suitable and likely to result in receipt: first-class mail, personal delivery, last-known residence/business, or properly directed electronic message; unknown/unreasonably unascertainable recipients are excused (§ 456.1-109). Routine court filing, verification, proof of service, and certified mail are not required. |
A beneficiary may waive reports/information and withdraw prospectively (§ 456.8-813.4). Trust terms generally control the automatic report duty, but cannot eliminate the irrevocable-trust duties to notify age-21 permissible distributees of request rights or respond to a qualified beneficiary's report/information request (§ 456.1-105.2(8)-(9)). Confidential assets require matching restrictions (§ 456.8-813.7). |
No fixed objection period or automatic discharge. A one-year breach-claim period applies only after both an adequately disclosing report is sent and the trustee informs the beneficiary of the allowed time; it runs from the later event (§ 456.10-1005.1-.2). Otherwise a five-year outer period runs from the first listed fiduciary/interest/trust termination event. Informed capacity-based consent, release, or ratification may protect the trustee (§ 456.10-1009). |
Failure of a trustee duty is breach. Court remedies include compelled performance or accounting, injunction, redress, special fiduciary, suspension, removal, reduced/denied compensation, property tracing, and other appropriate relief (§ 456.10-1001). Section 456.8-813 states no automatic fine, forfeiture, or attorney-fee award for a late report. |
| Montana verified 2026-08-10 | Default trustee's report under Mont. Code Ann. § 72-38-813; trust instrument may specifically limit or waive; court-remedy and settlement routes |
Irrevocable trusts; revocable duties run exclusively to settlor; calendar or tax-consistent fiscal year; Oct. 1, 2013 cutoff applies to notices, not reports (Mont. Code Ann. §§ 72-38-603, -813(3), (5)) |
Automatic distributees/permissible distributees; other requesting qualified beneficiaries; vacancy report to all qualified beneficiaries; request right to relevant tax returns and affected instrument portions (Mont. Code Ann. §§ 72-38-103(16), -813(1)-(3)) |
At least annually and at trust termination; vacancy report if no cotrustee; report/information/tax-return requests; revocable duties to settlor (Mont. Code Ann. §§ 72-38-603(2), -813(1), (3)) |
Property, liabilities, receipts, disbursements, source/amount trustee compensation, assets, and feasible values; readily priced financial assets valued at period end; hard-to-value property excused; no allocations/final plan (Mont. Code Ann. § 72-38-813(3)) |
Send by a reasonably suitable method likely to result in receipt, including first-class mail, personal/last-known-address delivery, or properly directed electronic message; no routine filing stated (Mont. Code Ann. §§ 72-38-109, -813(3)) |
Trust instrument may specifically limit/waive any § 72-38-813 requirement; qualified beneficiary may waive and prospectively withdraw; unknown/unascertainable recipient excused (Mont. Code Ann. §§ 72-38-109(2)-(3), -813 opening clause, (4)) |
Three years after adequate claim disclosure plus limitation notice; otherwise five years after first of trustee departure/death, interest termination, or trust termination; settlement and informed consent/release routes (Mont. Code Ann. §§ 72-38-111, -1005, -1009) |
Court may compel duties or an account, redress, suspend/remove, reduce compensation, or grant other relief; discretionary equitable fees/costs (Mont. Code Ann. § 72-38-1001; Mont. Code Ann. § 72-38-1004) |
| Nebraska verified 2026-08-10 | Neb. Rev. Stat. § 30-3878(c): default out-of-court trustee report at least annually and at termination; qualifying nonjudicial agreement may approve report/accounting or trustee liability (§ 30-3811) |
No separate fiscal-year or report-period formula stated; pre-Jan. 1, 2006 cutoff applies only to initial notices, not reports. While revocable, duties run exclusively to settlor; withdrawal/appointment powers can redirect duties for affected property (§§ 30-3855, -3878(e)-(f)) |
Automatic annual/termination recipients: distributees and permissible distributees of income/principal. Any other qualified or nonqualified beneficiary receives report on request; vacancy report goes to qualified beneficiaries. Mandatory general information/request-response core remains (§§ 30-3805(b)(8), -3878) |
At least annually; trust termination; vacancy if no cotrustee remains, reported by former trustee; representative/conservator/guardian may report for deceased/incapacitated trustee; other beneficiary may request report (§ 30-3878(c)) |
Trust property; liabilities; receipts/disbursements; trustee-compensation source/amount; asset list and feasible respective market values. No statutory carrying-value, gain/loss, principal/income-allocation, agent-fee, reconciliation, or distribution-plan schedule (§ 30-3878(c)) |
Send by reasonably suitable method likely to result in receipt; examples include first-class mail, personal/last-known-address delivery, and properly directed electronic message. Unknown/unascertainable person excused; no routine court filing (§ 30-3809) |
Beneficiary may waive and withdraw prospectively; automatic report duty is trust-modifiable, but qualified-beneficiary information/report-request core for irrevocable trust is mandatory. Settlor, withdrawal-power, and terminating-power holders may exclusively receive duties for affected property (§§ 30-3805, -3855, -3878) |
Adequately disclosing report plus notice of time to sue starts 1-year breach period; otherwise 4 years from first ending event (§ 30-3894). Nonjudicial settlement may approve report/accounting or liability; consent/release/ratification has misconduct and knowledge exceptions (§§ 30-3811, -3898) |
Court may compel duties or an account, enjoin/redress breach, appoint special fiduciary, suspend/remove trustee, reduce/deny compensation, trace property, or grant other relief (§ 30-3890). Court may award costs and reasonable attorney fees as justice and equity require (§ 30-3893) |
| Nevada verified 2026-08-10 | NRS ch. 165 Uniform Trustees' Accounting Act: trust-instrument-controlled financial 'account,' with statutory beneficiary-demand and optional court routes (§§ 165.020, .1204-.1214, .180) |
Nontestamentary and testamentary trusts; Chapter 165 excludes listed resulting, constructive, business, investment, voting, insurance-before-death, security, certain court-created, liquidation, and payment trusts. Initial period begins when trustee took office (§§ 165.020, .1201-.1204) |
Default demand recipients: each current and remainder beneficiary; no remote beneficiary. Revocable phase generally settlor-only; broad-power holder, eliminated-beneficiary, unaffected-portion, discretionary-only, and waiver exceptions apply. Entitled demander may also request trust instrument (§§ 165.1207, .147) |
No automatic annual, final, vacancy, or change-of-trustee account unless instrument/court requires one. Written demand: trustee responds within 14 days; accepted account within 60 days. Required account generally within 90 days after period end; not more than once per calendar year absent trust terms or court order (§§ 165.1214, .141) |
Period; beginning/end principal and approximate market values; principal additions, collections/sales/charge-offs, investments, deductions; beginning/end income, receipts and payments; unpaid claims; charges/credits summary with receipts, gains, disbursements/distributions, losses, and ending assets. Combined, CPA, or signed agreed-report alternatives apply (§ 165.135) |
Certified/registered/first-class mail, recognized overnight carrier, personal delivery, or compliant email/secure website. No routine filing; court may order filing/approval, and voluntary accounting is allowed. Demand/response uses first-class mail, personal delivery, or commercial carrier (§§ 165.1214, .141, .180) |
Trust instrument controls form, manner, and recipients. Beneficiary may sign full or limited waiver, including form/hearing rights; represented beneficiaries may be bound. Full-age, sound-mind beneficiary acting on full information may excuse duties/liability as to that beneficiary (§§ 165.1204, .121, .170) |
Recipient's written objection due within 90 days after trustee provides account; silence makes account approved/final. Representation, adviser/protector, nonjudicial-agreement, and court-order approval routes also apply. Absent fraud/intentional misrepresentation, approval releases trustee for matters stated (§ 165.1214) |
Rejected demand: petition within 60 days or further demand right for that period is barred. Court may compel account; bad-faith failure can make trustee personally liable for enforcement costs/fees. Court may remove trustee, reduce/forfeit compensation, or impose another civil penalty (§§ 165.143, .148, .190-.200) |
| New Hampshire verified 2026-08-10 | Default trustee's report under RSA § 564-B:8-813; direct beneficiary report, with court remedies and settlement routes |
Irrevocable trusts and revocable trusts after settlor incapacity; report duties limited by Oct. 1, 2004 trustee/trust cutoffs (RSA §§ 564-B:8-813(a), (b)-(d), (f), 564-B:11-1104) |
Automatic distributees/permissible distributees; requesting qualified/equivalent-rights beneficiaries; incapacitated settlor or guardian/POA agent; broader age-21 information right (RSA § 564-B:8-813(a)-(d)) |
At least annually and at trust termination; comparable post-incapacity revocable report; vacancy report if no cotrustee; information/report requests (RSA § 564-B:8-813(a)-(d)) |
Property, liabilities, receipts, disbursements, source/amount of trustee compensation, asset list, and feasible market values; no prescribed allocations or final plan (RSA § 564-B:8-813(d)) |
Send by a reasonably suitable method likely to result in receipt, including mail, delivery, courier, or properly directed electronic message; no routine filing stated (RSA §§ 564-B:1-109(a), 8-813(d)) |
Beneficiary waiver and prospective withdrawal; trust terms generally control; confidentiality agreement may precede restricted-asset information (RSA §§ 564-B:1-105, 8-813(d)-(f), (j)) |
One year after adequate claim disclosure plus limitation notice; otherwise three-year first-event rule; report/account approval and liability may be settled; informed consent/release may protect trustee (RSA §§ 564-B:1-111, 10-1005, 10-1009) |
Court may compel duties or an account, redress, suspend/remove, reduce compensation, or grant other relief; discretionary equitable fees/costs (RSA §§ 564-B:10-1001, 10-1004) |
| New Jersey verified 2026-08-09 | N.J.S.A. § 3B:31-67(c): optional trustee report for § 3B:31-74 protection; §§ 3B:31-11 and -71: nonjudicial approval or court-compelled accounting |
Express charitable/noncharitable and specified statutory/judgment/decree trusts. Uniform Trust Code effective July 17, 2016 and generally applies to trusts created before, on, or after then, with prior-act/right protections (§§ 3B:31-2, -84) |
Optional report may be sent to beneficiaries; limitation runs for beneficiary or representative sent an adequate report. Qualified beneficiaries have informed-administration rights; beneficiaries may request trust instrument, subject to terms and mandatory age-35 irrevocable-trust floor (§§ 3B:31-5, -67, -74) |
No general annual, termination, vacancy, or change-of-trustee report trigger. Information and trust-copy requests are prompt unless unreasonable; court may order an accounting as breach remedy (§§ 3B:31-67, -71) |
Optional report: trust property, liabilities, receipts, disbursements, source/amount of trustee compensation, asset list, and feasible market values. No general carrying value, principal-income allocation, agent-fee, or final-distribution-plan requirement (§ 3B:31-67(c)) |
Act notices/documents use reasonably suitable method likely to result in receipt; listed methods are first-class mail, personal/last-known-address delivery, and directed textual electronic message. No routine filing; judicial notice follows court rules (§§ 3B:31-9, -71) |
Trust terms may vary optional reporting and most disclosure duties; mandatory floor protects age-35 qualified beneficiary of irrevocable trust who requests instrument/administration information. Notice/document may be waived. While revocable, duties run exclusively to settlor (§§ 3B:31-5, -9, -44) |
Adequate report plus deadline notice: 6 months from sent date; otherwise 5 years from first trustee departure, beneficiary-interest termination, or trust termination, with beneficiary knowledge/majority and fraud exceptions. Settlement or informed consent/release is separate (§§ 3B:31-11, -74, -78) |
Court may compel duties/account, enjoin or redress breach, appoint/suspend/remove trustee, deny compensation, trace/recover property, or grant other relief. Surveyed Trust Code provisions state no automatic report penalty or accounting-specific attorney-fee award (§ 3B:31-71) |
| New Mexico verified 2026-08-10 | NMSA 1978 § 46A-8-813(C): default out-of-court trustee report at least annually and at termination; qualifying nonjudicial agreement may approve a report/accounting or trustee liability (§ 46A-1-111) |
No separate fiscal-year or report-period formula stated. Code/amendments generally apply to trusts before/on/after effective date, subject to transition rules; Enabling Act trust excluded. While revocable and settlor has capacity, duties run exclusively to settlor (§§ 46A-6-603, -11-1104) |
Automatic annual/termination recipients: distributees and permissible distributees of income or principal. Any other qualified or nonqualified beneficiary receives report on request; vacancy report goes to qualified beneficiaries. Related administration-information and instrument-copy rights apply (§ 46A-8-813) |
At least annually; trust termination; vacancy if no cotrustee remains, reported by former trustee; personal representative/conservator/guardian may report for deceased/incapacitated trustee; other beneficiary may request report (§ 46A-8-813(C)) |
Trust property; liabilities; receipts/disbursements; trustee-compensation source/amount; asset list and feasible respective market values. No statutory carrying-value, gain/loss, principal/income-allocation, agent-fee, reconciliation, or distribution-plan schedule (§ 46A-8-813(C)) |
Send by reasonably suitable method likely to result in receipt; examples include first-class mail, personal/last-known-address delivery, and properly directed electronic message. Unknown/unascertainable person excused; no routine court filing (§ 46A-1-109) |
Beneficiary may waive and withdraw prospectively; report duty is trust-modifiable. Special settlor waiver must be knowing/conspicuous, in trust or signed affidavit, and works only while qualified regulated institution is trustee; revocable-settlor and Enabling Act exceptions apply |
Adequately disclosing report plus notice of time to sue starts 1-year breach period; otherwise 5 years from first ending event (§ 46A-10-1005). Nonjudicial settlement may approve report/accounting or liability; consent/release/ratification has misconduct and knowledge exceptions (§§ 46A-1-111, -10-1009) |
Court may compel duties or an account, enjoin/redress breach, appoint special fiduciary, suspend/remove trustee, reduce/deny compensation, trace property, or grant other relief (§ 46A-10-1001). Court may award costs and reasonable attorney fees as justice and equity require (§ 46A-10-1004) |
| New York verified 2026-08-09 | SCPA §§ 2308(4), 2309(4): commission-conditioned annual beneficiary statements by noncorporate trustees; SCPA art. 22: separate compelled or voluntary judicial accounting |
Testamentary and lifetime trusts split by vintage: § 2308 covers wills/trusts on or before Aug. 31, 1956; § 2309 covers later ones. Both define trustee as noncorporate for this rule. Annual commission period is 12 months; asset date is within 30 days before trust-year end |
Each beneficiary currently receiving income and any other beneficiary interested in income; a person interested in principal receives statements on demand (§§ 2308(4), 2309(4)). Judicial process reaches all persons absolutely or contingently entitled to share, plus other listed parties (§ 2210) |
Annual statements are a condition to retaining statutory annual commissions. No automatic final/change/vacancy account. Court may compel intermediate/final account at any time in estate's best interests; trustee may seek settlement when a trust is executed/ready or no account was settled in prior year (§§ 2205, 2208) |
Annual: principal assets on hand; all income/principal receipts; commissions retained and calculation basis (§§ 2308(4), 2309(4)). Court-filed account affidavit covers all receipts/disbursements, money/property received, and no known prejudicial error/omission (§ 2209) |
Annual statute says furnish, without prescribing mail, electronic service, signature, or notarization. Judicial account is filed with affidavit and court process issues under § 2210. An informal settlement instrument may be filed; acknowledgment is required if it is recorded (§§ 2202, 2209–2210) |
Income beneficiary may opt out in writing until later requesting annual statements (§§ 2308(4), 2309(4)). Corporate trustees are excluded from these annual-statement provisions. A will's specific trustee-compensation clause displaces statutory allowances (§ 2309(10)) |
Annual statement creates no express objection or claim-cutoff period. Judicial parties may examine trustee and object (§ 2211). Informal settlement instruments may settle in whole/part; full written disclosure plus acknowledged approvals/releases can support discharge decree (§§ 2202–2203) |
Court may compel intermediate/final account, suspend a nonappearing or nonfiling fiduciary, appoint successor, set removal trial, take/state account, and grant further relief (§ 2205). Furnishing annual statements is a statutory condition to retaining annual commissions (§§ 2308(4), 2309(4)) |
| North Carolina verified 2026-08-09 | N.C.G.S. § 36C-8-813: reasonable-interval information duty with optional annual/termination report safe harbor; § 36C-2-209: separate legacy or will-directed testamentary clerk accounting |
Express private and charitable, inter vivos and testamentary trusts. Trust Code effective Jan. 1, 2006 and generally applies to older trusts; testamentary clerk route splits at will execution before/on-or-after Jan. 1, 2004 |
Reasonable-interval information and safe-harbor report: qualified beneficiary who is a current distributee/permissible distributee. Any qualified beneficiary may reasonably request instrument copy, property information, and inspection of accounts/documents (§ 36C-8-813) |
Information at reasonable intervals; annual and termination report is a safe harbor, not an absolute mandate. Reasonable request triggers access. No separate vacancy/change report in § 36C-8-813; covered testamentary clerk route requires annual and final accounts |
Safe-harbor report: property, liabilities, receipts, disbursements, source/amount of trustee compensation, asset list, and market values including estimates. Clerk account adds period/type, property value, income/additions/gains, payments/charges/losses/distributions, balance, and clerk-requested facts |
Beneficiary report sent by reasonably suitable method likely to result in receipt; listed methods include first-class mail, personal/last-known-address delivery, and electronic message. Covered testamentary account is filed under oath with clerk; payments need vouchers or verified proof (§§ 36C-1-109, 36C-2-209, 28A-21-1) |
Qualified beneficiary may waive report/information and withdraw for future items; no writing requirement stated. Trust terms may vary § 36C-8-813. While revocable, duties run exclusively to settlor; testamentary will terms control the legacy clerk route (§§ 36C-1-105, 36C-2-209, 36C-6-603) |
Safe-harbor report discharges interval-information duty for disclosed matters but starts no special claim period. Interested persons may settle approval of report/accounting and related liability. Separate consent/release rules apply; general 5-year outer limit runs from specified departure/termination events |
Court may compel duties/account, enjoin or redress breach, appoint/suspend/remove trustee, deny compensation, and grant other relief; costs and reasonable attorney fees are discretionary. Clerk enforces, audits, and approves covered testamentary accounts (§§ 36C-2-209, 36C-10-1001, -1004) |
| North Dakota verified 2026-08-10 | Default trustee report under N.D.C.C. § 59-16-13(2)(f); trust terms generally may vary it because § 59-09-05's mandatory list does not preserve the report duty |
Express charitable/noncharitable, testamentary/inter vivos, and specified statute/judgment trusts, subject to exclusions (§ 59-09-02). Report duty covers irrevocable property without a withdrawal or beneficiary-change power; pre-Aug. 1, 2007 cutoff applies only initial notices, not reports (§ 59-16-13(1)-(2)) |
Distributees and permissible distributees automatically; other qualified beneficiaries on request. Revocable, withdrawal-power, and beneficiary-change-power duties run exclusively to the settlor or power holder, subject to the Title 50 benefits exception (§ 59-16-13(1)-(2)) |
At least annually; trust termination; vacancy unless a cotrustee remains; other qualified beneficiary request. Personal representative, conservator, or guardian may report for deceased/incapacitated trustee (§ 59-16-13(2)(f)) |
Trust property, liabilities, receipts, disbursements, trustee-compensation source and amount, asset list, and each asset's market value if feasible (§ 59-16-13(2)(f)); no statutory principal/income allocation or distribution-plan field |
Send by a reasonably suitable method likely to result in receipt; first-class mail, personal or last-known residence/business delivery, or properly directed electronic message are listed. Unknown/unascertainable recipient excused; no routine court filing (§ 59-09-09) |
Beneficiary may waive reports and withdraw prospectively; general notice may be waived. Trust terms may vary the default duty; revocable and power-holder overlays, Title 50 benefits, representation, and unknown-recipient rules apply (§§ 59-09-05, -09; 59-11-01; 59-16-13) |
Adequately disclosed potential claim plus limitations notice: one year to sue; otherwise five years from first of trustee removal/resignation/death, beneficiary-interest termination, or trust termination. Report/account approval may be settled nonjudicially; informed consent/release/ratification can bar liability (§§ 59-09-11, 59-18-05, -09) |
Court may compel duties or an account, enjoin/redress breach, appoint or suspend/remove a fiduciary, reduce/deny compensation, void/trace property, award other relief, and impose restoration/profit damages (§§ 59-18-01 to -02) |
| Ohio verified 2026-08-09 | Ohio Rev. Code § 5808.13(C): beneficiary trustee’s report at least annually, at termination, and for an unfilled vacancy. Testamentary trustee court accounts separately follow §§ 2109.30, 2109.303 |
Beneficiary-report duty covers trusts with fiscal years ending on/after Jan. 1, 2007. During settlor’s lifetime, revocable-trust duties run only to settlor (§ 5808.13(G)). Testamentary court account generally covers each period, at least once every 2 years |
Current beneficiaries automatically; any other beneficiary who requests the report. Current beneficiaries must be kept reasonably informed; beneficiary may request administration information and the instrument. Surrogate can receive protected age-25+ information (§§ 5801.04, 5808.13) |
At least annually and at trust termination. Vacancy without remaining cotrustee: former trustee reports for service period. Other beneficiary receives on request. Testamentary trustee files at least every 2 years, on good-cause court order, and final within 30 days unless court sets another period |
Property, liabilities, receipts, disbursements, compensation source/amount, asset list, and feasible market values (§ 5808.13(C)). Testamentary court account itemizes receipts, disbursements, distributions, ending funds/assets/investments, investment changes, and principal/income separately |
Likely-receipt method; first-class mail, personal/address delivery, and properly directed electronic message are listed (§ 5801.08). Ordinary report is sent, not routinely filed. Testamentary accounts are probate-court filings, signed and supported as § 2109.303 specifies |
Beneficiary may waive report/information and withdraw for future items. Trust terms generally control; mandatory floor protects requests by current beneficiaries age 25+, with beneficiary-surrogate option. Living revocable settlor is exclusive duty-holder (§§ 5801.04, 5808.13(D), (G)) |
Adequate report plus deadline notice starts 2-year claim period. Otherwise 4 years from first trustee departure, beneficiary-interest termination, trust termination, or knew/should-have-known date. Consent/release fails if induced by trustee misconduct or given without rights/material-facts knowledge (§§ 5810.05, 5810.09) |
Court may compel duties or an account, enjoin, require redress, appoint/suspend/remove fiduciary, reduce/deny compensation, and award appropriate relief. In trust-administration proceedings, court may equitably award costs, expenses, and reasonable attorney fees (§§ 5810.01, 5810.04) |
| Oklahoma verified 2026-08-10 | 60 O.S. §§ 1608.12(C), 175.57(E): default annual/termination trustee's report plus a separately defined interim or final accounting used for approval, discharge, and limitation rules |
Oklahoma UTC effective 2025-11-01 and generally applicable then to trusts created before, on, or after that date; pre-effective acts remain unaffected. Revocable-capable settlor controls beneficiary rights. Trust Act remains compatible law (§ 1610.3) |
Automatic annual/termination recipients are distributees or permissible distributees; other qualified beneficiaries receive reports on request. Current qualified class includes present distributees/permissible distributees, vested remaindermen, specified charities, and the Attorney General for an Oklahoma-administered charitable trust (§ 1601.3(13)) |
At least annually and at trust termination; requested report for other qualified beneficiaries. Vacancy report from former trustee to qualified beneficiaries unless cotrustee remains; representative or guardian may report for deceased/incapacitated trustee (§ 1608.12(C)) |
Report: property, liabilities, receipts, disbursements, trustee-compensation source/amount, asset list, and feasible market values. § 175.57 accounting: all transactions, receipts/disbursements during period and end-of-period asset list; no statutory principal/income allocation or agent-fee schedule stated |
Reasonably suitable method likely to result in receipt; listed methods include first-class mail, personal/last-known-address delivery, and properly directed electronic message. No routine filing; a trust already before district court under § 175.23 may submit an accounting for approval (§§ 1601.9, 175.57(E)(2)) |
Beneficiary may waive reports/information and withdraw for future items. Trust terms may vary the default report duty, but not the stated age-25 irrevocable-trust notice floor or qualified-beneficiary request-response duty. While revocable and settlor has capacity, duties run exclusively to settlor (§§ 1601.5, 1606.2, 1608.12(D)) |
Out-of-court accounting plus § 175.57 notice can produce deemed approval after 180 days, subject to fraud/misrepresentation/omission exceptions; otherwise specified Oklahoma trustees face a 2-year accounting-based period. Court approval and § 1402 nonjudicial settlement are separate routes. New 60-day settlement procedure starts 2026-11-01 |
Violation of a beneficiary duty is breach; court may compel duties/accounting, enjoin or redress breach, appoint a receiver/temporary trustee, suspend/remove, reduce/deny compensation, trace or recover property, or grant other relief. Restoration/profit surcharge and discretionary costs/attorney fees are available (§ 175.57(A)-(D)) |
| Oregon verified 2026-08-10 | ORS 130.710: mandatory trustee report at least annually and on termination to stated recipients; requested reports for other qualified beneficiaries. ORS 130.630 adds a conditional former-trustee report |
Oregon Uniform Trust Code covers express charitable/noncharitable and specified statutory/judgment trusts, with listed exclusions (§ 130.005). Applies to trusts before/on/after Jan. 1, 2006, but not pre-2006 acts (§ 130.910); revocable-settlor rule applies |
Annual/termination: permissible distributees plus other qualified beneficiaries requesting report. Qualified class is current, next-line, and termination distributees (§ 130.010). Spouse-only, designated-recipient, and 6-month specific-gift rules may alter routing |
At least annually and trust termination. Other qualified beneficiary receives on request. Vacancy report, from prior report through vacancy, only if successor trustee or court requires it and no cotrustee remains (§§ 130.630, 130.710) |
Trust property and liabilities; market values if feasible; all receipts and disbursements; source and amount of trustee compensation (§ 130.710(3)). No express carrying-value, gains/losses, allocation, agent-fee, reconciliation, or distribution-plan schedule |
Reasonably suitable method likely to result in receipt; first-class mail, personal/last-known-address delivery, or properly directed email permitted (§ 130.035). No routine filing. One-year limit specifically requires certified or regular mail; settlement agreement may be filed |
Beneficiary may waive and later withdraw for future reports. Trust terms may vary ordinary duties, but requested irrevocable-trust reports/information are protected subject to settlor written waiver/modification while settlor or spouse is capable, or designated-recipient routing. Termination information still goes to qualified beneficiaries |
Qualifying mailed report: 1 year, with adequate disclosure, time notice, and attached § 130.820. Otherwise 6 years from actual/constructive discovery; fallback 10 years from act/omission or 2 years after fiduciary-account termination, whichever later. Nonjudicial settlement may approve report/accounting; consent/release has knowledge/misconduct limits |
Court may compel duties/account, enjoin or redress breach, appoint fiduciary, suspend/remove trustee, reduce/deny compensation, or grant other relief (§ 130.800). Court may award costs and reasonable attorney fees. Trust pays reasonable former-trustee report preparation/distribution compensation, fees, and costs |
| Pennsylvania verified 2026-08-09 | 20 Pa.C.S. §§ 7780.3, 7785, 7785.1: requested periodic financial report; optional limitation-trigger report; optional nonjudicial account settlement. Judicial accounts follow §§ 7797–7799.2 |
Chapter 77 covers express trusts and express-trust-like statutory, judgment, or decree trusts (§ 7702). Revocable-settlor and irrevocable-beneficiary rights differ; § 7785.1 was added by 2024 Act 64, effective 90 days after July 15, 2024 |
Settlor may reasonably request administration information; a beneficiary of an irrevocable trust may do so. Current beneficiaries have an at-least-annual report right on request; § 7785.1 notice reaches qualified beneficiaries, written requesters, statutory representatives, fiduciaries, and successor trustee |
Periodic financial reports are at least annual on current-beneficiary request. Trustee changes require written contact notice, not an automatic accounting. Termination, trustee departure, or interim discharge permits—not requires—a § 7785.1 settlement account |
Ordinary requested-report contents are not itemized. A § 7785 bar needs adequate transaction/claim disclosure plus conspicuous notice. § 7785.1 requires proposed net distribution, estimated fees/disbursements, and 30 months of transactions, asset FMV, and realized/unrealized gains/losses |
Reasonably suitable method likely to result in receipt; first-class mail, personal or last-known-address delivery, and properly directed electronic message are listed (§ 7709). Judicial accounts are court-directed or voluntary and filed with the clerk (§ 7797) |
Trust terms cannot override § 7780.3. Notice or document delivery may be waived in writing; a beneficiary may rescind the specific § 7780.3 notice waiver in writing. While revocable, the statute gives the report-request right to the settlor rather than beneficiaries |
Annual adequately disclosing reports with conspicuous notice can create a 30-month written-objection bar; a separate 5-year outside bar applies after listed events. § 7785.1 uses 60 days and gives deemed approval court-order-equivalent preclusion to noticed persons |
Court may compel duties, order an account, require redress, remove the trustee, or reduce/deny compensation; a trustee committing breach is liable to affected beneficiaries (§§ 7766, 7781–7782) |
| Rhode Island verified 2026-08-10 | No general automatic annual report statute; optional Superior Court allowance of trustee accounts under R.I. Gen. Laws §§ 18-6-3 to -6; special small-trust termination route under § 18-4-24 |
Ordinary trustee may seek account allowance without stated period/frequency; special inter vivos/testamentary trust route for authorized corporate trustee when principal is under $200,000, with court approval for individual trustee (R.I. Gen. Laws §§ 18-6-3, 18-4-24(a), (e)) |
Judicial account notice reaches income/principal recipients, next takers, successors, written requesters, court-added persons, and represented interests; small-trust notice reaches current income beneficiaries and vested termination remaindermen (R.I. Gen. Laws §§ 18-6-4, 18-4-24(c)) |
No general annual, vacancy, change, or beneficiary-demand trigger stated; trustee-initiated court allowance; special small-trust termination and optional corporate court-release routes (R.I. Gen. Laws §§ 18-6-3, 18-4-24) |
Court-account chapter states no schedule or valuation list; small-trust termination notice requires current-asset schedule and distribution plan; corporate court release follows a principal accounting (R.I. Gen. Laws §§ 18-6-3 to -6, 18-4-24(c)(2), (f)) |
Account is filed in Superior Court; court-ordered notice by delivery or registered/certified mail RRR, plus publication unless all interested persons receive actual notice; small-trust notice uses certified mail (R.I. Gen. Laws §§ 18-6-3 to -5, 18-4-24(c)-(d)) |
Written assent to account or written notice waiver equals judicial-account notice; small-trust interested person may waive right to petition; no general statutory annual-report waiver because no automatic duty (R.I. Gen. Laws §§ 18-6-4(b), 18-4-24(d)(4)) |
Final account decree not impeachable except fraud/manifest error; small-trust objection within 30 days and court petition/asset wait through three months; court-approved corporate termination after principal account releases liability (R.I. Gen. Laws §§ 18-6-6, 18-4-24(d), (f)) |
Court may allow/disallow account and enter justice-required orders; small-trust court may prevent termination or modify plan; no fixed nonreporting penalty where no general annual duty exists (R.I. Gen. Laws §§ 18-6-6, 18-4-24(d)-(e)) |
| South Carolina verified 2026-08-10 | S.C. Code § 62-7-813(c): trust-variable written trustee's report in any protective-information format; annual, termination, and no-cotrustee resignation triggers. Court may separately order an account (§ 62-7-1001) |
Trustee who accepts/undertakes administration of irrevocable trust created on/after Jan. 1, 2006, or formerly revocable trust made irrevocable on/after that date (§ 62-7-813(c); 2005 S.C. Act No. 66 § 9). While revocable, duties run exclusively to settlor unless terms say otherwise |
Annual/termination: distributees and permissible distributees, plus other qualified beneficiaries requesting information in writing. Resignation: distributees and permissible distributees. Conflict-free representative delivery satisfies duty. Other beneficiary may request redacted relevant trust terms and administration information (§ 62-7-813) |
Annually and at trust termination. On trustee resignation, report only if no cotrustee remains. For death/incapacity, personal representative, conservator, or guardian may report. Other qualified beneficiary's recurring right requires written request; trust terms may provide otherwise |
Any format giving information necessary to protect interests. Report may include fiduciary tax return, bank/brokerage statements, or informal assets and feasible market values, liabilities, receipts, disbursements, and trustee-compensation source/amount. Examples are permissive; no required carrying-value, allocation, agent-fee, or reconciliation schedule |
Reasonably suitable and likely to result in receipt; first-class mail, personal delivery, last-known residence/business, or properly directed electronic message are permissible (§ 62-7-109). No routine court filing, certified mail, signature, verification, oath, notarization, or proof-of-service package |
Trust terms may alter the report duty (§§ 62-7-105, -813). Distributee/permissible distributee may waive reports/information and withdraw prospectively; general notice/document waiver also allowed. Attorney-client privilege preserved; representative route requires no conflict |
Adequately disclosing report starts 1-year breach period; otherwise 3 years from trustee removal/resignation/death, beneficiary-interest termination, or trust termination (§ 62-7-1005). No warning language required. Settlement may approve report/accounting or liability (§ 62-7-111); release subject to misconduct/knowledge limits (§ 62-7-1009) |
Court may compel duties or account, enjoin/redress breach, appoint special fiduciary, suspend/remove trustee, reduce/deny compensation, trace property, or grant other relief (§ 62-7-1001). Court may equitably award costs and reasonable attorney fees to any party, payable by another party or trust (§ 62-7-1004) |
| South Dakota verified 2026-08-10 | Unsupervised trust: optional accounting with approval effect (SDCL § 55-3-45). Court-supervised trust: mandatory verified annual and final reports (SDCL §§ 21-22-14 to -15) |
§ 55-3-45 applies when the trust is not under chapter 21-22 supervision. Chapter 21-22 covers court trusts and permits supervision of other trusts with an SD trustee or SD-situs property; no separate accounting-date cutoff stated (§§ 21-22-1 to -2, -9) |
Unsupervised accounting goes to a distribution beneficiary—an eligible or permissible income/principal distributee. Separate qualified-beneficiary administration-information rights are modifiable (§§ 55-1-24(2), 55-2-13) |
No automatic unsupervised frequency. Under supervision: annual filing within 120 days after each supervised year; verified final filing after disposition or compliance; court may require special reports (§§ 21-22-13 to -15) |
Unsupervised: transactions, receipts, disbursements, reporting period, ending asset list, and written § 55-3-45 notice. Supervised annual: detailed receipts, disbursements, and acts; final: complete itemized receipts, disbursements, and acts |
Unsupervised copy may use delivery, prepaid U.S. mail, fax, electronic communication, or safeguarded posting (§ 55-2-24). Supervised reports are verified court filings; account accompanies hearing notice, generally served at least 14 days before hearing (§§ 21-22-14 to -18) |
Information rights may be expanded, restricted, eliminated, or modified; beneficiary may waive and prospectively withdraw. Alternative accounting approval may follow advisor/protector or representation routes; supervised-hearing notice may be dispensed with by all beneficiaries' joinder or written approval (§§ 55-2-13, 55-3-45, 21-22-21) |
Unsupervised: no distribution-beneficiary objection within 180 days means deemed approval and release as to stated matters, except fraud, intentional misrepresentation, or material omission. Supervised: written objection by or before hearing; final court approval is conclusive with the same exceptions (§§ 55-3-45, 21-22-16, -30) |
Court may require special reports and appoint a referee/accountant at trust expense. Supervised-chapter noncompliance can support removal, beneficiary damages, and compensation forfeiture unless excused; trustee acts remain valid (§§ 21-22-13, -24, -26) |
| Tennessee verified 2026-08-10 | Tenn. Code Ann. §§ 35-15-813, -205, -817: no automatic annual account; information rights plus optional judicial final accounting and nonjudicial discharge notice |
Ordinary private trusts; § 813(a)(1) and initial-notice rules exclude pre-July 1, 2004 irrevocable agreements. § 817 notice covers at most 3 years and ends within 30 days before sending; § 205 begins at acceptance or last court-approved account |
Current mandatory/permissible distributees must be reasonably informed; qualified beneficiaries may request administration information. § 817 recipients: living grantor, qualified beneficiaries/representatives, and known serving trustees, trust advisors, and trust protectors |
No automatic annual or vacancy accounting. Information is request-based; optional §§ 205 and 817 routes arise on full/partial termination or trustee resignation/removal. A successor may petition but has no duty to do so |
§ 817 notice: recent asset fair-market values and known liabilities; receipt sources/amounts; disbursement amounts/recipients; distributions, fees, expenses, taxes; estimated remaining costs; period dates; distribution proposal; event/claim notice; contact information. No separate allocation schedule required |
§ 817 notice is sent to statutory recipients; absent receipt confirmation, mailing is presumed received after 5 business days. § 205 petition is served on trustees, advisors, protectors, and qualified beneficiaries/representatives; no routine filing, signature, verification, or notarization stated |
Beneficiary may waive a § 813 report or information and withdraw for future reports; writing is not expressly required. Trust terms or a settlor/advisor/protector's written direction may alter § 813(a)-(b); pre-July 1, 2004 irrevocable agreements retain prior law for specified duties |
§ 817 uses a 45-day specific written-objection period; an objection may be withdrawn in writing. No effective objection can produce court-account-equivalent claim preclusion. § 1005 otherwise uses 1 year after adequate disclosure/actual knowledge or a 3-year outer period |
Court may compel duties or an account, suspend/remove trustee, deny compensation, surcharge, trace property, or grant other relief (§ 1001). Fees/costs are equitable under § 1004; § 205 ordinarily taxes petitioner's reasonable fees and costs to the trust |
| Texas verified 2026-08-10 | Tex. Prop. Code §§ 113.151–113.152: written statement of accounts required after a qualifying demand or court order; no automatic annual report |
Texas Trust Code applies to trusts created on/after Jan. 1, 1984 and post-1983 transactions involving older trusts (§ 111.006). Account covers transactions since the last account or trust creation, whichever is later |
A beneficiary may demand; the resulting statement goes to every beneficiary. An interested person may sue for an account, but the court must find the person's interest, claim, or administrative effect sufficient (§§ 111.004(2), (7), 113.151) |
No automatic annual, termination, resignation, removal, vacancy, or trustee-change trigger. Written demand starts a 90-day response period; no more than once per 12 months unless court orders more frequent accounting (§ 113.151) |
Unlisted/uninventoried trust property; complete receipts, disbursements, and other transactions with source/nature; principal and income receipts separately; all administered property with adequate descriptions; cash balance and depository; known liabilities (§ 113.152). No express valuation, compensation, or final-plan field |
Trustee must deliver a written statement to every beneficiary; §§ 113.151–113.152 specify no mail, electronic, signature, verification, notarization, or proof method and no routine court filing. Court filing begins only if relief is sought |
Trust terms ordinarily prevail, but an irrevocable trust cannot limit the response duty for a current/permissible distributee or termination distributee (§ 111.0035). A fully informed beneficiary with capacity may give a written release delivered to the trustee (§ 114.005) |
Delivery alone starts no express objection or claim-cutoff period in §§ 113.151–113.152. A fully informed written release may bind a beneficiary, and a court may settle interim or final accounts (§§ 114.005, 114.032, 115.001) |
After an unmet 90-day demand, a beneficiary may sue to compel delivery and may receive discretionary fees/costs. Court may order an account, suspend/remove trustee, deny compensation, surcharge, or grant other relief (§§ 113.082, 113.151, 114.008, 114.064) |
| Utah verified 2026-08-10 | Utah Code § 75B-2-811(3): request-based beneficiary 'report,' not a routine court account; §§ 75B-2-110, -1001 allow settlement approval or a court-ordered accounting |
Ordinary private trusts; while revocable and the settlor can revoke, duties are owed exclusively to the settlor (§ 75B-2-603). Current Title 75B text is effective May 7, 2025; § 75B-2-811 states no separate legacy cutoff |
Qualified beneficiaries who request a report; Utah's class includes current/permissible distributees and those who would distribute if the trust terminated that day. Related affected-instrument and administration information is request-based (§§ 75B-2-103(8), -811) |
After a qualified beneficiary requests reports: at least annually and at trust termination. Vacancy with no remaining cotrustee: former trustee reports to qualified beneficiaries unless trust terms provide otherwise; a representative may report for a deceased/incapacitated trustee (§ 75B-2-811(3)) |
Trust property, liabilities, receipts, disbursements, trustee-compensation amount or calculation writing, asset list, and each asset's market value if feasible. No separate statutory gain/loss, agent-fee, allocation, or distribution-plan schedule stated (§ 75B-2-811(3)(a)) |
Send by a reasonably suitable method likely to result in receipt; listed methods include first-class mail, personal or last-known-address delivery, and properly directed electronic message. No routine filing; judicial notice follows civil rules (§ 75B-2-109) |
Qualified beneficiary may waive reports/information and withdraw for future items; writing is not expressly required. Trust terms generally prevail because reporting is not on § 75B-2-105's mandatory list; capable-settlor revocable phase is settlor-only |
Adequately disclosing report plus deadline notice starts 6 months; otherwise 1 year from first trustee departure, beneficiary-interest termination, or trust termination, with fraud/misrepresentation preserved. Settlement may approve a report/accounting; informed capacity-based consent, release, or ratification may protect trustee (§§ 75B-2-110, -1005, -1009) |
Violation is breach; court may compel performance/accounting, enjoin, redress, appoint a special fiduciary, suspend/remove, reduce compensation, trace property, or grant other relief. Court may award costs and attorney fees as justice and equity require (§§ 75B-2-1001, -1004) |
| Vermont verified 2026-08-10 | Default trustee report under 14A V.S.A. § 813(c); trust terms may vary it because § 105's mandatory list omits the report duty. Nonjudicial report/account approval also available (§ 111) |
Annual/termination/vacancy report duty is not within § 813(e)'s pre-effective-date exclusions, which name only initial notices. Revocable and withdrawal-power duties run exclusively to settlor or power holder (§ 603) |
Distributees and permissible distributees automatically; any other beneficiary on request. Vacancy report goes to qualified beneficiaries, subject to Vermont's second/final-tier exclusions; representation may substitute (§§ 103(13), 301, 813(c)) |
At least annually; trust termination; vacancy unless cotrustee remains; request by any other beneficiary. Personal representative may report for deceased trustee; guardian or authorized POA agent for incapacitated trustee (§ 813(c)) |
Trust property, liabilities, receipts, disbursements, trustee-compensation source and amount, asset list, and each asset's market value if feasible (§ 813(c)); no statutory distributions, principal/income allocation, agent schedule, or final-plan field |
Reasonably suitable method likely to result in receipt; first-class mail, commercial delivery, personal or last-known residence/business delivery, or properly directed electronic message. Unknown/unascertainable recipient excused; no routine court filing (§ 109) |
Beneficiary may waive reports and withdraw prospectively; general notice/document waiver also allowed. Trust terms may vary the default report; revocable-settlor, withdrawal-power, representation, and charitable Attorney-General rules apply (§§ 105, 109, 301, 603, 813) |
Adequately disclosed claim: one year, with 6-month extension after timely written insufficiency notice; otherwise 3-year event-based fallback. Attorney General charitable-trust petition exception; nonjudicial approval and informed consent/release/ratification routes (§§ 111, 1005, 1009) |
Probate Division may compel duties/account, enjoin/redress breach, appoint/suspend/remove, reduce/deny compensation, address property, or grant other relief; justice/equity costs and attorney fees discretionary (§§ 1001, 1004) |
| Virginia verified 2026-08-10 | Va. Code § 64.2-775: beneficiary trustee's report; §§ 64.2-1306 to -1307: separate annual commissioner-of-accounts route for testamentary trustees |
§ 64.2-775(C) applies to irrevocable trusts created on/after July 1, 2006 and revocable trusts becoming irrevocable on/after that date; while revocable, duties run exclusively to the settlor. Testamentary filing rules apply separately |
Automatic report: distributees/permissible distributees. Other qualified or nonqualified beneficiaries receive it on request; vacancy report goes to qualified beneficiaries. Any beneficiary may request the instrument (§ 64.2-775) |
At least annually and at trust termination; former trustee reports on vacancy unless a cotrustee remains. Testamentary accounts are generally due by May 1 after each calendar year; waiver beneficiaries may demand annual commissioner settlement |
Property, liabilities, receipts, disbursements, source/amount of trustee compensation, asset list, and feasible market values. Testamentary accounts add all money/property received, chargeable, or disbursed, vouchers, and terminal cash/investments |
Ordinary report: reasonably suitable method likely to result in receipt; first-class mail, personal/last-known-address delivery, or properly directed electronic message. Testamentary account: filed before commissioner, who reports to circuit court |
Beneficiary may waive § 64.2-775 information and withdraw for future reports; trust terms may modify that default duty. § 64.2-1307 has will-waiver, sole-beneficiary/trustee, and consent routes, subject to beneficiary demand and court power |
Adequate report plus 1-year warning can bar a later breach proceeding (§ 64.2-796). At termination or trustee exit, § 64.2-800 uses 2 years of reports and a 60-day written-objection notice for deemed release/ratification; distribution proposal has a separate 30-day objection rule |
Court may compel performance or accounting, enjoin, restore money/property, suspend/remove trustee, reduce compensation, or grant other relief; costs and reasonable attorney fees are discretionary (§§ 64.2-792, -795) |
| Washington verified 2026-08-10 | RCW 11.106.020: mandatory annual written statement; § 11.106.030: optional sworn intermediate/final superior-court account; § 11.96A.070: expanded adequate-report claim-limit route |
Trustees appointed by any will, deed, or agreement; chapter excludes listed implied, business, investment, voting, pre-death insurance, mortgage/pledge, liquidation, payment-only trusts, and personal representatives (§ 11.106.010) |
Annual statement to each current permissible distributee; that recipient may request an itemized property-held statement. Qualified beneficiaries separately have reasonable administration-information rights (§§ 11.98.002, 11.98.072) |
At least annually. No separate vacancy/change report. Trustee may file intermediate accounts and a final account after termination; settlor/beneficiary may petition after later of 1 year from inception or last filed report (§§ 11.106.020, -.040) |
Annual minimum: itemized current receipts/disbursements, split principal/income; property held itemized on request. Optional court account adds chargeable principal, investments, beneficiaries, and disability/contingency details; § 11.96A.070 safe harbor adds broader disclosures |
Annual statement must be written and mailed or delivered; it also may be filed in superior court where a trustee resides. Three-year safe harbor requires § 11.96A.110 delivery; court-account notice and objections follow §§ 11.106.050-.060 |
Adult beneficiary may waive annual or court accounting by separate instrument delivered to trustee. Trust terms may modify/waive § 11.106.020; good faith and honest judgment remain mandatory (§§ 11.106.100-.110, 11.97.010) |
Ordinary annual statement has no automatic approval. Adequate warned report can start a 3-year breach-claim period (§ 11.96A.070). Filed account objections are due by return date; court decree is final, conclusive, and binding subject to appeal (§§ 11.106.050-.090) |
After statutory 1-year interval, settlor/beneficiary may seek court-ordered account for good cause. Court may approve/disapprove and surcharge for negligent or willful breach; discretionary equitable costs and attorney fees are available (§§ 11.106.040, -.070; 11.96A.150) |
| West Virginia verified 2026-08-10 | W. Va. Code § 44D-8-813(c): default out-of-court trustee report at least annually and at termination; nonjudicial agreement may approve or waive report/accounting preparation and resolve/release liability (§ 44D-1-111) |
Code generally applies to trusts before/on/after July 1, 2011, protecting prior acts/rights; § 44D-8-813(f)'s pre-2011 cutoff applies only to initial notices. While revocable and grantor has capacity, duties run exclusively to grantor (§§ 44D-6-603, -11-1105) |
Automatic annual/termination recipients: current beneficiaries (present distributees/permissible distributees). Other qualified or nonqualified beneficiaries receive report on request; general administration-information and instrument-copy rights also apply (§§ 44D-1-103(7), -8-813) |
At least annually; trust termination; vacancy if no cotrustee remains. Former trustee reports to current beneficiaries plus qualified/nonqualified beneficiaries who request or previously requested; representative may report for deceased/incapacitated trustee (§ 44D-8-813(c)) |
Trust property; liabilities; receipts/disbursements; trustee-compensation source/amount; asset list and feasible respective market values. No statutory carrying-value, gain/loss, principal/income-allocation, agent-fee, reconciliation, or distribution-plan schedule (§ 44D-8-813(c)) |
Send by reasonably suitable method likely to result in receipt; examples include first-class mail, personal/last-known-address delivery, and properly directed electronic message. Unknown/unascertainable person excused; no routine court filing (§ 44D-1-109) |
Beneficiary may waive and withdraw prospectively; trust terms may alter report duty. Nonjudicial agreement may waive preparation. Revocable-capable-grantor rule applies; trustee may voluntarily report to otherwise unentitled beneficiaries (§§ 44D-1-105, -111, 44D-6-603, -8-813(d)-(e)) |
Adequately disclosing report plus notice of time to sue starts 1-year breach period; otherwise 5 years from first of trustee ending event, beneficiary-interest termination, trust termination, or actual/constructive knowledge (§ 44D-10-1005). Settlement/release and consent rules have statutory limits |
Court may compel duties or account, enjoin/redress breach, appoint special fiduciary, suspend/remove trustee, reduce/deny compensation, trace property, or grant other relief (§ 44D-10-1001). Court may award costs and reasonable attorney fees as justice and equity require (§ 44D-10-1004) |
| Wisconsin verified 2026-08-10 | Wisconsin Trust Code, Wis. Stat. § 701.0813: nonjudicial trustee's report; automatic annual/termination duty to current beneficiaries, request-based for presumptive remainder beneficiaries, plus no-cotrustee vacancy report |
§ 701.0813(3) does not apply to trustee acceptance before July 1, 2014, an irrevocable trust created before that date, or a revocable trust becoming irrevocable before that date. While revocable, rights and duties run exclusively to the settlor (§ 701.0603) |
Annual/termination: current beneficiaries automatically; requesting presumptive remainder beneficiaries. Vacancy: all qualified beneficiaries. Qualified means either class (§ 701.0103(21)); requested administration information and trust documentation are separate rights |
At least annually and at termination; presumptive remainder recipient must request. On vacancy with no cotrustee, former trustee reports to qualified beneficiaries; personal representative or guardian may report for deceased/incapacitated trustee. No separate automatic resignation/removal or successor-assumption report |
Annual/termination: property, liabilities, receipts, disbursements, trustee-compensation source/amount, asset list, and feasible market values. Vacancy: only property, liabilities, receipts, disbursements, and trustee compensation. Specific-dollar/property beneficiary may receive only related information; no carrying-value or allocation schedule required |
Reasonably suitable and likely to result in receipt; permissible methods include first-class mail, personal delivery, last-known residence/business, or properly directed electronic message (§ 701.0109). No routine filing, signature, oath, notarization, or certified mail |
Qualified beneficiary may waive and later withdraw prospectively; no writing stated. Trust instrument may expand, restrict, eliminate, or vary information rights for any period, including a beneficiary's lifetime, and may support a representative (§ 701.0813(4), (7)) |
One year from earlier of report waiver or adequately disclosing report/record; otherwise 5 years from trustee departure/death, beneficiary-interest termination, or trust termination; fraud excluded (§ 701.1005). Nonjudicial settlement may approve/waive an accounting or address release (§ 701.0111); ordinary receipt alone is not discharge |
Breach remedies include compelling performance, injunction/redress, additional fiduciary, reduced/denied compensation, tracing, and other relief (§ 701.1001). Court may equitably award costs and reasonable attorney fees in trust-administration proceedings (§ 701.1004) |
| Wyoming verified 2026-08-10 | Default out-of-court trustee report under Wyo. Stat. § 4-10-813; trust terms generally control because § 4-10-813 is not in § 4-10-105(b)'s mandatory list |
Ordinary private trusts under Wyoming administration; revocable-trust duties run exclusively to a capable settlor. Trustee of an irrevocable trust created or made irrevocable before July 1, 2003 may elect out (§§ 4-10-603, -813(e)) |
Qualified beneficiaries under Wyoming's four-step fallback definition; additional written requesters can receive qualified-beneficiary notice before death with settlor consent and after death unless trust terms say otherwise (§§ 4-10-103(a)(xv), -110) |
At least annually and at trust termination; former trustee reports on vacancy unless a cotrustee remains. Qualified beneficiary has a prompt-response information right, but § 4-10-813 states no separate demand-only accounting deadline |
Property, liabilities, receipts, disbursements, trustee compensation unless otherwise disclosed, income/principal allocations for receipts, disbursements, compensation and expenses, asset list, and market values if feasible (§ 4-10-813(c)) |
Reasonably suitable method that results in receipt; listed methods include first-class mail, personal or last-known-address delivery, and properly directed electronic message. No routine court filing (§ 4-10-109) |
Trust terms generally prevail; beneficiary may waive reports/information and withdraw for future reports. Written personal notice waiver, representation, revocable-settlor, legacy-trust, and unknown-recipient rules apply (§§ 4-10-105, -109, -301, -603, -813) |
Received report with adequate potential-claim disclosure plus time notice: 2 years to sue; otherwise 3-year event-based fallback. Nonjudicial report/account approval and informed consent, release, or ratification are separate routes (§§ 4-10-111, -1005, -1009) |
Court may compel duties or an account, enjoin or redress breach, appoint/suspend/remove, reduce or deny compensation, address property, or grant other relief; justice-and-equity costs and attorney fees are discretionary (§§ 4-10-1001, -1004) |
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