Re: Estate
Peggy/Josh
I spoke with Jamie Dyce this morning.
She gave me some figures which I will list below but I have now asked that the original "accounting" that we received last year, be updated to include all distributions and expenses since then etc.
I am now told that assets were distributed from the trust to the estate and then distributed to Peggy and her brother equally. Supposedly, there is approximately $215,000 remaining in the trust.
The estate has approximately $394,000 remaining on hand. The estate owes the accountants $20,000 and they are going to keep a reserve of $20,000 for future expenses (this seems reasonable).
Thus, assuming that Peggy receives $50,000 off the top of the trust and all other assets are divided equally, she should receive:$50,000 plus $259,500 for a total of $309,500.
However, I am now NOT comfortable with these figures. I want the accounting updated so that we can satisfy ourselves that all payments have been made correctly.
Thanks
Phil
Philip J. Michaels I Partner Fulbright & Jaworski LLP 666 Fifth Avenue, New York. New York 10103-3198, United States
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Jeffrey...can you please take a look at this and weigh in. Thanks. Peggy Sent via BlackBerry by AT&T