Re: Gary
Peggy,
I have been working with a lawyer and accountant to finalize mother I-=;s estate and trust, but as you can imagine these things are always more complicated than they seem. As you know the Estate tax return was filed and=we are working on finalizing the trust accounting and estate accounting so tha= we can agree on the distribution and finish this up.
You have raised the issue of my responsibility to have stopped our mot=er from using the trust funds as she saw fit for her own care and that I am li=ble for some of the spent funds. The trust said mother, as co-trustee, could sp=nd the funds on her own care as she saw fit. Therefore, it seems obvious that = am not liable to return any funds to the trust since you are aware that mother=20 wrote all the checks on the trust account.
As I stated we are in the process of providing a trust accounting. I a= hoping that we can reduce the significant accounting fees by my providing a= informal accounting. If we are able to agree based upon that, then we can a=oid the accounting fees required to go further back and potential litigation co=ts that will only deplete our funds.
We are similarly making an informal estate accounting that should let =s avoid the costs associated with a formal accounting.
One final point. The loan noted in mother's will was not a deathbe= loan. In December 2010, when we thought mother was cancer free and she was living=in Alpine, she decided on her own to update her will and change lawyers from=20 Seymour Levine to a New Jersey lawyer. I had no knowledge of this, and I ha=e never met or spoken to this
lawyer. What I assumed she did was update her=20 affairs, and account for something that was done several years earlier. 1=20 received no money, and your characterization of a death bed loan was very=20 disappointing, besides being untrue.
Gary
send to phil also ask your brother if you can talk directly to benderson, ?=A0 what talent would you like to bring to l.a. /
we can take 20 p=ople
