Auckland Standards Committee 4 v Kennelly [2022] NZLCDT 31 (1 September 2022) [pdf, 130 KB]
...three adult beneficiaries. PP died in June 2013. Probate was granted in August 2013. [26] In August 2014, Mr Kennelly paid out $270,000 to each of the three adult beneficiaries. A balance of $16,241.27 was retained “for tax and accounting fees.” That balance was invested on interest bearing deposit along with funds for the care of a pet of the deceased. Quarterly interest was paid into Mr Kennelly’s trust account and added to the interest bearing deposit. 18 Orlov v NZ...