How often must a trustee file an accounting to fulfill their duty to account?

In Delaware, a trustee is required to file an accounting every two years to fulfill their duty to account. This requirement is rooted in the principles governing trusteeship, which emphasize transparency and accountability in managing trust assets.

The biennial accounting gives beneficiaries the opportunity to review how the trust assets are being handled, ensures compliance with the terms of the trust, and helps to foster trust among the parties involved. It allows beneficiaries to monitor the performance of the trustee, thereby holding them accountable for their actions and decisions regarding the trust.

The other options suggest more frequent or less frequent accountings, which do not align with the established legal framework in Delaware. By adhering to the two-year requirement, trustees meet their legal obligations while providing necessary oversight and communication with the beneficiaries of the trust.