This decision concerns a contested passing of estate accounts.
The beneficiaries (respondents) challenged the estate trustee's (applicant's) accounting, alleging unaccounted assets from real estate sales and a life insurance policy, as well as improper payment of legal fees from the estate.
The court found that the estate trustee failed to adequately account for $107,321 in corporate assets and $53,220 in personal assets, and improperly paid $21,074 in legal fees from the estate.
The court ordered the estate trustee to pay $181,615 to the estate by way of damages.
The respondents' claim for a resulting trust on property transferred to the estate trustee prior to the deceased's death was dismissed due to the presumption of advancement between married spouses.