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Texas Tech Univ. School of Law

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Friday, July 11, 2014

Judge Postpones Ruling on Powell Estate

Powells

On Tuesday, the family of Josh Powell again asked a 3rd District judge to reinstate them as trustees of Josh and Susan Powell’s estate. 

The families of Josh Powell and his missing wife Susan are arguing over who should be selected as trustees and beneficiaries of two legal entities containing the couple’s assets: a conservatorship and a trust.  Together, the trust and conservatorship hold around $2.3 million and continues to accumulate interest.  Chuck Cox is the conservator for his daughter, Susan, and used that authority to change the terms of the trust.  Terrica and Alina Powell, Josh’s mother and sister, allege the terms of those agencies were illegally changed to remove them as trustees or beneficiaries. 

Judge L.A. Dever denied a motion from the Powell family attorney requiring the Coxes to post a surety bond to safeguard against mismanagement.  The judge said there was no evidence Chuck Cox had mishandled any holdings.   

See Nate Carlisle, Utah Judge Postpones Ruling on Susan Powell Estate Dispute, The Salt Lake Tribune, July 10, 2014.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/07/judge-postpones-ruling-on-powell-estate.html

Current Affairs, Estate Administration, Estate Planning - Generally, Non-Probate Assets, Trusts | Permalink

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