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RSS FeedsRob Ford estate file shows $1.1 million in assets - and no indication of any payout to widow and children
(The Star Toronto Raptors)

 
 

6 june 2018 20:06:36

 
Rob Ford estate file shows $1.1 million in assets - and no indication of any payout to widow and children
(The Star Toronto Raptors)
 


The late mayor Rob Ford’s estate is valued at $1.1 million, according to documents filed in Toronto estates court in the last few months.And, shedding further light on a claim by Ford’s widow, Renata, in an explosive lawsuit, her late husband’s estate documents show no indication there has been a detailed accounting of the late mayor’s financial affairs, or any payout to his beneficiaries, two years after his death. That is one of Renata Ford’s main allegations against Doug Ford, her former brother-in-law. She has stated in court filings, which form part of a $16.5-million claim against various parties, that Doug is in “breach of trust” because he has not fulfilled what she says are his obligations as executor of the estate.Read more:Renata Ford’s lawsuit promises to dominate Ontario’s penultimate campaign dayDoug Ford vows to fight sister-in-law’s ‘false’ allegations in courtOpinion | Heather Mallick: Lawsuit casts shadow over Ford’s business acumenThe listed beneficiaries on Ford’s will, which is now filed in a Toronto court, include Renata and the couple’s two children, though the will stipulates the children’s money would be held in trust until they are adults.Renata Ford has asked a court to order Doug Ford to provide her an accounting of the estate, and to settle the accounts and pay out money owed to beneficiaries.Rob Ford died of cancer in March 2016. Renata Ford alleges in a statement of claim filed against Doug Ford and brother Randy that both men have mismanaged the Ford family company and her late husband’s estate. Randy is a trustee of the estate, court filings show.Doug Ford has responded, saying the allegations are untrue and vowing to vigorously defend himself in court. He said he has the best interests of his late brother’s children at heart and will continue to look out for them. Randy has not responded to interview requests.Two court act ...


 
31 viewsCategory: Sports > Ball Sports > Basketball > NBA > Toronto Raptors
 
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