Case File
efta-efta01908887DOJ Data Set 10CorrespondenceEFTA Document EFTA01908887
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efta-efta01908887
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To:
From:
Sent:
Subject: Re: Gary
e 'rey ps ein
Tue 1/22/2013 2:48:06 AM
send to phil also ask your brother if you can talk directly to bendcrson, ?
what talent would you
like to bring to 1.a. / we can take 20 people
On Mon, Jan 21, 2013 at 8:47 PM, Peggy Siegal
vrote:
Will call in the morning.
The very case that Phil was making..saying Gary broke the law....Gary says below he did not..do I send
to Phil? Peg.
You have raised the issue of my responsibility to have stopped our mother from using the trust funds as
she saw fit for her own care and that I am liable for some of the spent funds. The trust said mother,
as co-trustee, could spend the funds on her own care as she saw fit. Therefore, it seems obvious that
I am not liable to return any funds to the trust since you are aware that mother wrote all the checks on
the trust account.
Pegge
Offic
Mobil
From:
Date
-0500 (EST)
To:
Subject: (no subject)
Peggy,
I have been working with a lawyer and accountant to finalize mothers estate and trust, but as you can
imagine these things are always more complicated than they seem. As you know the Estate tax
return was filed and we are working on finalizing the trust accounting and estate accounting so that
we can agree on the distribution and finish this up.
You have raised the issue of my responsibility to have stopped our mother from using the trust funds as
she saw fit for her own care and that I am liable for some of the spent funds. The trust said mother,
as co-trustee, could spend the funds on her own care as she saw fit. Therefore, it seems obvious that
I am not liable to return any funds to the trust since you are aware that mother wrote all the checks on
the trust account.
As I stated we are in the process of providing a trust accounting. I am hoping that we can reduce the
significant accounting fees by my providing an informal accounting. If we are able to agree based
upon that, then we can avoid the accounting fees required to go further back and potential litigation
costs that will only deplete our funds.
We are similarly making an informal estate accounting that should let us avoid the costs associated
with a formal accounting.
One final point. The loan noted in mothers will was not a deathbed loan. In December 2010, when we
thought mother was cancer free and she was living in Alpine, she decided on her own to update her
will and change lawyers from Seymour Levine to a New Jersey lawyer. I had no knowledge of this,
and I have never met or spoken to this lawyer. What I assumed she did was update her affairs, and
account for something that was done several years earlier. I received no money, and your
characterization of a death bed loan was very disappointing, besides being untrue.
Gary
Gary Siegal
Satco Products, Inc.
EFTA_R1_00344050
EFTA01908887
www.satco.com
www.rurolightino.com
www.kolourone.com
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EFTA_R1_00344051
EFTA01908888
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