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Executor sued for not handling over $111K to beneficiary. Lessons parents can learn.

Madam Toh Ai Lan died in 2012 leaving a sum of money through her will to Special Needs Trust Company (SNTC). SNTC was to use this money to support the deceased’s daughter who suffers from Down Syndrome. In other words, Mdm Toh’s daughter is the ultimate beneficiary. Unfortunately the Executor did not transfer the entire sum to SNTC. SNTC decided to sue the Executor for the outstanding sum of $111,117 and a declaration that the Executor breached his duties as executor of the will. Source: … [Read More...]

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