Wills, Trusts & Estates Prof Blog

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

Saturday, December 24, 2011

Attorney and Accountant For Huguette Clark's Estate Suspended

Unknown-7Last Friday, a judge in Surrogate’s Court suspended the attorney and the accountant for Huguette Clark’s estate. The judge found more than enough evidence to support the allegations of tax fraud against the two men. The suspension leaves each man out $8 million that they would have received as executors of Clark’s estate.

The judge suspended Bock and Kamsler’s positions of power instead of revoking them entirely because their attorneys say that the two men now have different stories about how Clark’s affairs were handled. The attorneys want to sort that out before filing an answer to the tax fraud allegation.

Bock and Kamsler still face criminal investigations as well. Their attorney says that the men never took anything out of the account for themselves though and that “…[t]he entire handling of her affairs was an effort to protect and preserve Mrs. Clark’s chosen lifestyle.”

Attorneys for the public administrator will now manage the estate. The judge also ruled on whether descendants from Clark’s father’s first marriage would be allowed to become parties to the case during the accounting of the estate. The judge said that the family could not intervene now, but this ruling does not bar the family from entering the case later.

Bill Dedman, Judge Bounces Attorney and Accountant From Estate of Heiress Huguette Clark, msnbc.com, Dec. 23, 2011.

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) and David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm for bringing this to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2011/12/attorney-and-accountant-for-huguette-clarks-estate-suspended.html

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Comments

The judge should suffer the consequences of his action.

Posted by: Christina Watson | Feb 6, 2012 10:56:56 PM

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