A Guide to Wills, Estate, Trust and Guardianship Litigation
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II. Actions for Accounting in Estates and Trusts
In North Carolina executors and administrators of estates and trustees of trusts have strict rules governing how they should handle the property that has been entrusted to them. They are generally required to keep detailed accountings of their activities. If a breach of fiduciary duty occurs then the fiduciary may be personally liable for all damages caused by the fiduciary’s misconduct.