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Should a trustee provide accounting statements to beneficiaries, particuarly when the estate is not settled immediately. My mother's estate has not been completely distributed and I, as a beneficiary, have asked the trustee, my brother, for an accounting of income and expenses as well as a distribution list. I found out by accident that the estate paid $16,000 in taxes on income which the estate incurred from dividends and interest, plus penalty for not completing or deposting estimated taxes for two consecutive years. Although I have asked for an accounting report, I either get ignored or I am given pieces of information such as a list of current assets. What I would like is to get complete financial statements such as income/expense statement, and distribution list to date.
I feel that if I was given the financial information, including the information on taxes paid,, I would have insisted that the estate be closed as soon as possible.
Please let me know what my rights as a beneficiary are.