Do you think that a brokerage statement is an annual fiduciary accounting?

Answer

Brokerage statements are not fiduciary accountings because they do not allocate principal and income. If the accounting is done in the proper format, beneficiaries have 6 months to complain or the accounting is accepted. If the accounting is not in proper form, beneficiaries have no statute of limitations to complain in Florida. With the benefit of hindsight, a disgruntled beneficiary could sue the trustee for breach of duty going back many years.