Any individual or corporate fiduciary who is holding funds for the benefit of another, whether pursuant to a trust, estate or as agent under a Power of Attorney, has an obligation to provide detailed financial information to the beneficiaries. This can be done informally without Court intervention or formally through the Court with the filing of an Accounting. An Accounting sets forth all receipts and disbursements that have occurred through the actions of the fiduciary. Once the Accounting is submitted to the Court, the beneficiary has an opportunity to file Objections to the Account, complaining of any transactions which are believed to be improper. If notice of an Account is received by a beneficiary, it is important that the beneficiary carefully review the entries of the Account to see if there is anything that appears improper and if so, consult with an attorney.