Tag: accounts no longer exist by virtue of change in account numbers
Robert Zawideh Obtains Award Granting his Client Her Rightful Inheritance from Her Father’s Trust
The father of Robert Zawideh’s client died in 2015, leaving a substantial estate and trust. The Trust provided that Mr. Zawideh’s client was entitled to 1/3 of the value of two securities accounts owned by the client – identified by account numbers in the Trust – provided they existed on the date of his death. On the date of the father’s death, the accounts existed, however, the account numbers changed between the time the Trust was written, and the date of the father’s death. The client’s prior counsel wrote to the Trustees, decedent’s brothers and uncles to Mr. Zawideh’s client, requesting information on the client’s share of her father’s trust. Receiving no response, the attorney referred the client to Mr. Zawideh who commenced proceedings for accountings and immediate distribution of his client’s share. The Trustees responded, arguing for the first time that the accounts no longer existed by virtue of the change in account numbers. The Court disagreed and sided with Mr. Zawideh, ruling that his client was entitled to her inheritance, which was in excess of $1,000,000.00.