Friday, December 30, 2011

Pair Suspended as Executors of Huguette Clark Estate

The prospect of Huguette Clark's Santa Barbara estate being turned into an art museum grows dimmer as a New York judge suspends longtime advisors Wallace Bock and Irving H. Kamsler as executors of her will, citing accusations of tax fraud.

When Huguette Clark's will was filed six months ago, art lovers in Santa Barbara were delighted: The bluff-top estate owned by the reclusive 104-year-old copper heiress was to be transformed into a museum.

It was an exciting but uncertain prospect at the time, largely because the museum was to be established by Clark's attorney and accountant — longtime advisors whose ethics had been questioned in news reports and in legal actions by Clark's relatives.

The possibility grew even dimmer Friday when a New York City judge suspended the pair as Clark's executors, citing accusations of massive tax fraud.

At a hearing in Surrogate's Court, which rules on estate matters, Surrogate Kristin Booth Glen pointed to charges by the New York public administrator's office that the pair caused Clark's estate to lose more than $50 million.

In court filings, the office said attorney Wallace Bock and certified public accountant Irving H. Kamsler should be removed "by reason of their dishonesty, improvidence, waste, and want of understanding."

Full Article and Source:
Pair Suspended as Executors of Copper Heiress Estate

See Also:
Huguette Clark Signed Two Wills!


Anonymous said...

This case just keeps getting more interesting every day.

Norma said...

I know this case will end up being a movie. But, when will we ever get the true story?