Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Monday, July 8, 2013

Audit Shows Brooklyn Public Administrators Doing Poor Job

Furcoat

Based on an audit by Comptroller John Liu, the King’s County Public Administrator’s Office has mishandled over $2.2 million in assets of Brooklyn estates.  The audit showed that assets in over half of the fifty estates that were examined had been mishandled.  And that’s only 50 of 3,300 estates the administrator’s office has been responsible for since June 2011.

Among the missteps, Liu claims the administrator’s office left $50,000 sitting in a safe deposit box for five years, failed to credit an estate after selling a home for $140,000, and misplaced a $1,000 fur coat.

Public Administrator Bruce Stein responded to Liu’s audit with an itemized refutation of its findings.

See Yoav Gonen, Administrators Mishandled More Than $2.2M for Estates of People Who Died in Brooklyn, Audit Shows, New York Post, June 29, 2013.

http://lawprofessors.typepad.com/trusts_estates_prof/2013/07/audit-shows-brooklyn-public-administrators-doing-poor-job.html

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