Learn When an Executor or Other Fiduciary Must make an Accounting.
In Texas, an executor or administrator, like a trustee has to account for the property that comes into his possession. The accounting obligations of a trustee are discussed here. This article will discuss the accounting obligations of an executor or an administrator...
Learn About Fiduciary Duty in Texas
Fiduciary responsibility in Texas - Fiduciary is a general term. A fiduciary is someone who has undertaken to act for and on behalf of another in a particular matter in circumstances which give rise to a relationship of trust and confidence. It includes executors,...
Learn how to Make a Trustee Reveal the Trust Assets and his Actions.
A fiduciary has an affirmative duty to make a full and accurate disclosure of all material facts that might affect the beneficiary’s rights. The trust accounting is the primary way that the beneficiary obtains information that will allow him to protect his rights. The...
Does a Trustee Have to Make an Accounting?
Trustee Accounting One of the primary duties of a trustee is to keep full, accurate and orderly records concerning the status of the trust estate and all acts performed by him. He is charged with maintaining an accurate account of all the transactions relating to the...
A Fiduciary in Texas can be Held in Contempt for Failing to Turn Over Financial Records
In Texas, a beneficiary has a right to know what is going on with the money being held by a fiduciary. Whether the fiduciary is an executor, an administrator, or someone with a power of attorney, the right of the beneficiary to documentation is the same.When the...
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