In the ongoing administration of the estate of John Kaptyn, the estate trustees (Henry and Simon Kaptyn) and beneficiaries brought multiple motions due to their inability to agree on routine matters.
Henry sought the return of retained earnings from a corporation, which the court dismissed as res judicata and an abuse of process due to a prior consent judgment.
The court also addressed the timing of a $1 million compensation payment and directed the parties to confer and agree on the form of indemnification and share pledge agreements required for the distribution of estate assets to the grandchildren, warning of costs consequences for unreasonable delay.
