The applicants, parents and trustees of a trust established for their son following a serious brain injury, applied to pass their accounts.
The trust received $418,675.25 over 17 years, but the trustees administered it entirely in cash and lacked receipts for most disbursements.
The court found that the trustees failed to keep proper records and included fictitious loans and unpaid services in the accounts.
While some expenses were allowed, the trustees failed to account for $165,531.14.
After deducting $15,000 for trustee compensation, the court ordered the trustees to repay $150,531.14 to the trust.