Opinion ID: 1182521
Heading Depth: 1
Heading Rank: 4

Heading: charles gilly estate matter

Text: In March 1970, petitioner was retained to represent the estate of Charles Gilly. From March to May of that year he received trust funds on behalf of the estate in the amount of $47,496.30 and made disbursements for costs of administration and partial distribution to certain heirs of the estate, without court approval, through July 1973. Commencing in December 1971, petitioner's trust account balance fell below the amount he should have had on deposit for the Gilly estate and on January 5, 1973, the account was overdrawn, though there should have been on account $21,305.87. Petitioner represented to the probate court in August 1973, that he held in trust $28,446.30 for the Gilly estate though at no time from January 5, 1973, to September 1973, did he hold amounts sufficient to discharge his obligation to the estate. By October 15, 1976, the estate had not been closed, nor had the heirs received their full share of the assets despite repeated demands for distribution.