IMO the Estate of Gary M. Gusoff

CourtCourt of Chancery of Delaware
DecidedApril 30, 2024
DocketROW Folio No. 17012-SEM
StatusPublished

This text of IMO the Estate of Gary M. Gusoff (IMO the Estate of Gary M. Gusoff) is published on Counsel Stack Legal Research, covering Court of Chancery of Delaware primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
IMO the Estate of Gary M. Gusoff, (Del. Ct. App. 2024).

Opinion

IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE

In the Matter of ) the Estate of ) ROW Folio No. 17012-SEM GARY M. GUSOFF )

ORDER

WHEREAS, Gary M. Gusoff (the “Decedent”), died on September 19, 2018;

the Defendant left behind several heirs including his wife, Linda Rich Gusoff, his

two daughters Gloria L. Gusoff and Valerie J. Gusoff, and others identified in his

last will and testament; 1

WHEREAS, on December 3, 2018, the Decedent’s will was admitted to

probate and his wife, who was named as the trustee of the will, Linda Rich Gusoff

(the “Executrix”) was issued letters testamentary; 2

WHEREAS, the Executrix filed an inventory of the estate on June 20, 2019

and her first accounting on November 16, 2022; 3

WHEREAS, on February 23, 2023, the Decedent’s daughters filed exceptions

to the accounting asserting that (1) the Executrix’s valuation of the Decedent’s

business was incorrect; (2) the Executrix was commingling or misappropriating

estate assets; and (3) the Executrix should be removed (the “Exceptions”);4

1 See Docket Item (“D.I.”) 1, 4. 2 D.I. 5. 3 D.I. 11, 20. 4 D.I. 29. WHEREAS, on February 28, 2023, the Register of Wills mailed the

Exceptions to the Executrix, advising the Executrix of the deadline to respond to the

Exceptions under Court of Chancery Rule 197(b) (no later than 30 days from the

date of the letter notice);5

WHEREAS, this action was assigned to me in May 2023, and on September

13, 2023, I issued a rule to show cause directing the Executrix to appear at a hearing

on October 10, 2023 and explain why she failed to timely respond to the Exceptions

and why the Exceptions should not be granted; 6

WHEREAS, the Executrix appeared at the October 10, 2023 hearing and I

directed her to respond to the Exceptions within 20 days; 7 I further explained that

her response “should include how she came to the valuation of the law practice of

[the Decedent], why she co[m]mingled funds in the estate checking, why she used

the estate funds for her own personal expenses, what steps she has taken to pay the

outstanding claims and unpaid funeral expenses, and what steps she has taken to

protect the monetary and personal property bequested to all the heirs[;]”8 I further

directed the Executrix to “provide a copy of the Court Docket from Pennsylvania

5 D.I. 30. 6 D.I. 33. The Executrix submitted an address correction shortly thereafter (D.I. 36) and the rule was reissued to the correct address. D.I. 37. 7 See D.I. 38. 8 See id.

2 showing when the litigation was initially filed, hearing dates and a summary of

where the litigation is at this time[;]”9

WHEREAS, on or around October 30, 2023, the Executrix submitted

paperwork to the Register of Wills, which was docketed on November 2, 2023 (the

“Submission”); 10 on December 4, 2023, the Register of Wills invoiced the Executrix

for her filing, and, for a time, the filing fees went unpaid; 11

WHEREAS, the Submission is 387-pages long and difficult to comprehend;12

the cover page to the Submission purports to respond to my inquiries at the hearing

and provides: (1) the Decedent’s law practice had a checking accounting of

$500,000.00 and other assets of $92,000.00, purportedly supporting the valuation of

$750,000.00 reflected in the Executrix’s inventory and first accounting; (2)

commingling was explained as “[c]hecks belong to wife & [the Decedent;]” (3)

outstanding claims and funeral expenses will be paid after “trial in [Pennsylvania;]”

(4) the estate has been reported to police agencies in Delaware and Pennsylvania,

and (5) an attorney is assisting with the estate and trial;

9 Id. 10 D.I. 39. A portion of the Submission was corrupted upon e-filing and was refiled on January 12, 2024. D.I. 41. I have reviewed that portion and include it in my discussion of the Submission. 11 D.I. 40. 12 See D.I. 39.

3 WHEREAS, the rest of the voluminous Submission includes (1) the

Executrix’s complaints to the Consumer Financial Protection Bureau, (2) bank

statements from Bank of America, PNC, Firstrust, Wells Fargo, and BB&T, (3) a

notice of deficiency regarding income taxes, (4) a notice from the Social Security

Administration regarding overpayment of benefits to the Decedent for the benefit of

the Executrix, (5) copies of checks, (6) communication regarding reconciling the

Decedent’s business accounts and clearing out his office, (7) an email chain between

the Executrix and Encompass, (8) a Philadelphia police report, (9) letters between

the Executrix and Joseph Cardona and from the Executrix to others about Joseph

Cardona, (10) lists of the Decedent’s cases dated July 7, 2015 and February 8, 2018,

(11) an escrow report form the Decedent’s law firm, (12) various dockets relating to

the Decedent’s cases and clients, (13) letters and emails from or with the Decedent

relating to his law practice before his death, (14) a response to the Exceptions dated

May 8, 2023 (the “Response”), (15) a letter addressed to Register of Wills staff, (16)

emails from the Register of Wills to the Executrix explaining deficiencies in the

accounting, and (17) the Decedent’s 2015 W-9;

WHEREAS, in the Response, the Executrix blames others for her delay and

the sloppiness of the accounting; the Executrix in the Response affirms her valuation

of the Decedent’s business and appears to concede that she used estate money for

personal expenses, although averring that the money was “married property[;]”

4 WHEREAS, on January 22, 2024, I wrote to the Executrix raising concerns

about her failure, despite numerous reminders, to pay the filing fee for the

Submission and directed: “If you do not pay all outstanding filings fees and ensure

documentation is submitted addressing each inquiry restated above by the end of the

month (January 31, 2024), you will be removed as the representative of this estate

and an appropriate judgment will be entered against you[;]”13

WHEREAS, thereafter, the Executrix paid the outstanding fees and filed

another set of exhibits, totaling 190 pages, with a cover page and attachments, many

of which appear largely duplicative of the Submission (the “Second Submission,”

with the Submission, the “Submissions”); 14 through the cover page, the Executrix,

among other things, (1) repeats her allegations that funds were allegedly stolen from

the Decedent’s accounts; (2) identifies various cases that the Decedent’s law firm

was handling before his death and their purported values; (3) reiterates her belief

that she is doing her best to administer the estate, which she believes is “very

expensive[;]” and (4) explains that a new attorney is working on a petition to bring

her concerns before a court in Pennsylvania; within the Second Submission is what

looks to be a draft petition for the Court of Common Pleas of Philadelphia, Orphans’

13 D.I. 42 (emphasis omitted). 14 See D.I. 43.

5 Court Division, which does not contain a case number or any indicia showing it was

filed with the Pennsylvania court; 15

WHEREAS, upon the filing of the Second Submission, on January 30, 2024,

I took this matter under advisement;

WHEREAS, administrators of Delaware estates serve in a fiduciary capacity

and are “responsible for compiling the inventory of Decedent’s estate, managing the

Decedent’s assets, and paying the Decedent’s debts[;]”16 administrators further have

Free access — add to your briefcase to read the full text and ask questions with AI

Related

§ 1541
Delaware § 1541(a)

Cite This Page — Counsel Stack

Bluebook (online)
IMO the Estate of Gary M. Gusoff, Counsel Stack Legal Research, https://law.counselstack.com/opinion/imo-the-estate-of-gary-m-gusoff-delch-2024.