Elder law · Sherman Oaks

Sherman Oaks Elder Law: Financial Protection, Fiduciary Duties & Accounting

Elder law frequently brings together planning, incapacity, trusts, conservatorships, probate administration and questions about who is managing money—and how that money is being accounted for.

Common elder-law financial issues

• Who has authority under a trust, will, power of attorney or court order?
• Whether a conservatorship may be needed when an adult cannot safely manage finances.
• Whether a trustee, conservator or other fiduciary is maintaining adequate records.
• Questions about transfers, gifts, withdrawals, beneficiary distributions and fiduciary compensation.
• Potential financial elder abuse or misuse of an older adult’s property.
• Coordination of probate, trust administration and fiduciary accounting after a death.

When accounting becomes part of elder law

Accounting is the paper trail of fiduciary administration. It can help identify what property existed, what was received, what was paid, what changed in value, what was distributed and what remains. In contested matters, those records may become central to determining whether fiduciary duties were performed.

Related accounting pages

Probate accounting · California trust accounting · Conservatorship accounting · Accounting objections