- 5 - beneficiaries, and that the executors failed to collect past due rent on the property of approximately $80,000. On June 15, 1989, petitioner filed "OBJECTIONS TO ACCOUNT" with the Surrogate's Court,7 praying for disallowance of fees and commissions, and for surcharges and damages totaling over $836,000. Petitioner's objections to the executors' accounting for the estate may be summarized as alleging: (1) Excessive attorney's fees were paid to four law firms; (2) self-dealing by and excessive commissions paid to executor Hyland; (3) excessive commissions paid to executor Scinto; (4) self-dealing on the part of Hyland in disposing of the close corporation stock, jewelry of the estate, and in valuing a partnership interest of the estate; (5) excessive real estate commissions and management fees paid to Hyland's son, Mark V. Hyland; (6) the fraudulent sale of various parcels of realty at less than fair market value; (7) the failure of Hyland and Scinto to establish a trust for the children of petitioner and her sister and the executors' payment of funds directly to the children; and (8) mismanagement of the Chicago property causing the beneficiaries to be sued, and the executors' settlement of the suit by conceding $24,420 in back rent.8 7File No.0816-1982. 8The prayer for relief on this issue asks for a return of the "Loss incurred in sale of Chicago property" of $24,420.Page: Previous 1 2 3 4 5 6 7 8 9 10 11 12 Next
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