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views of the sunrise, sunset, city of Honolulu, and the
mountains.
Shortly after purchasing the property, petitioners hired an
engineer to complete a soil report. Petitioners then hired a
prestigious architect in Hawaii to draw up the plans for
petitioners’ residence on the property. Thereafter, petitioners
solicited from contractors bids to prepare the foundation for the
residence on the property.
In August of 1994, petitioners hired a contractor to
construct petitioners’ residence on the property.
By October of 1994, however, petitioners’ relationship with
the contractor had deteriorated to the point where petitioners
terminated the contract with the contractor. The contractor then
threatened to sue petitioners and to “steal” the property from
them.
Petitioners were advised by a business consultant to
transfer the property to a trust that the consultant had
established (the Trust) in order to make it more difficult for
petitioners’ former contractor to carry through with his threat
to “steal” the property from petitioners.
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Last modified: May 25, 2011