Miscellaneous Hearing PRCal. Super. - 2nd Dist.April 4, 2016123 Judge SUPERIOR COURT OF CALIFORNIA, TENTATIVE RULINGS EVENT DATE: EVENT TIME: OXNARD DIVISION May 16, 2016 05/18/2016 09:00:00 AM DEPT.: J6 COUNTY OF VENTURA JUDICIAL OFFICER: Glen Reiser CASE NUM: CASE CATEGORY: EVENT TYPE: CASE TITLE: CASE TYPE:Probate Trust Proceedings 56-2016-00480073-PR-TR-OXN IN RE THE STONOFF FAMILY TRUST DATED NOVEMBER 25, 1998 Miscellaneous Hearing (PR) - Petition to Approve Settlement Agreement and to Terminate Irrevocable CAUSAL DOCUMENT/DATE FILED: Petition - Other, 04/04/2016 stolo Paragraph 8 of the verified petition alleges that Kevin is entitled to 90% of the trust estate, yet the settlement agreement gives him 85%. What is Susan relinquishing in exchange for this additional 5% of the trust estate ? Paragraph G of the recitals in the settlement agreement indicates that the trustee borrowed $325,000 from the trust, of which $200,000 has been paid. What is the "back story" on the two loans and what were loan terms ? Why is the entirety of the loan balance not being repaid except as a receivable to Kevin under paragraph 7 ? Is the trust modification petition in reality a breach of trust resolution ? Discuss the above. gmr TENTATIVE RULINGS Page: 1
