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Trust Accounting

What is Trust Accounting?
Trust accounting is the detailed financial reporting trustees must provide to beneficiaries showing every dollar that came in, went out, and what's left in the trust. This includes documenting all income, expenses, distributions, investments, asset sales, and changes in value—presented in a format that complies with California law and actually makes sense to people reading it. Trustees who skip accountings, provide incomplete information, or bury questionable transactions in confusing spreadsheets are violating their fiduciary duties—and beneficiaries have the legal right to demand proper accountings and challenge anything that looks wrong.

How We Support You:
Professional preparation of accountings that meet California legal requirements and clearly show beneficiaries exactly how trust assets have been managed
Independent review of suspicious accountings that identifies missing information, unexplained transactions, or red flags pointing to mismanagement
Expert analysis translating complex financial records into plain language reports showing whether the trustee is doing their job correctly

Why Us?
Trust accountings should be straightforward—here's what we started with, here's what happened, here's what's left. But trustees often make them deliberately confusing to hide mistakes or misconduct, or they just don't provide them at all hoping beneficiaries won't push back. At NewPoint Law Group, our combination of legal and accounting expertise means we handle both sides of trust accounting. For trustees, we prepare clean, compliant accountings that protect you from liability and show beneficiaries you're managing things properly. For beneficiaries, we rip apart questionable accountings to find what's missing—unexplained withdrawals, questionable "expenses," investments that went south because the trustee was careless, or distributions to some beneficiaries but not others without justification. Numbers don't lie, but they can definitely be manipulated or hidden. We know what proper trust accounting looks like and we know every trick bad trustees use to obscure their actions. Whether you need accountings prepared correctly or you need someone to expose what a trustee is hiding, we've got the financial forensics skills and legal firepower to get it done right.