Saying he wants to preserve money for charity, a guardian for ailing real estate mogul Max M. Farash is proposing to sell Farash's Brighton estate and three other personal residences over the family's strident objections.
Their objections focus on the fact that the 95-year-old Farash's written will leaves his French Road property, vacation getaways at Keuka Lake and the Florida coast and his horse stables in Mendon to his only child, daughter Lynn A. Farash.
Lawyer Michael Wolford: "The property guardian's plan is simply an attempt to whittle away Lynn's inheritance."
The disagreement is significant because the Farash estate could eventually become the largest charitable foundation in the Rochester area's history.
The argument, now being played out before a state Supreme Court justice in Rochester, pits Farash's charitable intentions against his personal bequest to his child.
Full Article and Source:
Guardian, family clash over ailing mogul Max Farash's estate
See also:
Guardianship Cost $1 Million
Their objections focus on the fact that the 95-year-old Farash's written will leaves his French Road property, vacation getaways at Keuka Lake and the Florida coast and his horse stables in Mendon to his only child, daughter Lynn A. Farash.
Lawyer Michael Wolford: "The property guardian's plan is simply an attempt to whittle away Lynn's inheritance."
The disagreement is significant because the Farash estate could eventually become the largest charitable foundation in the Rochester area's history.
The argument, now being played out before a state Supreme Court justice in Rochester, pits Farash's charitable intentions against his personal bequest to his child.
Full Article and Source:
Guardian, family clash over ailing mogul Max Farash's estate
See also:
Guardianship Cost $1 Million
2 comments:
What's going on here is the guardian is converting the assets to cash, to bill against. No matter what the guardian says.
Preseving money for charity? This is a joke, yes?
Preserving the estate for guaranteed income for the guardian.
Clearly, wills are ineffective, having no weight; wills are a waste of time when a stranger, a guardian can disregard, dismiss the wishes of the ward with court approval.
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