Ching Estate (Re)

Ching Estate (Re)

Because the executor asserted personal ownership of significant assets alleged to belong to the estate and thus faced an inevitable and disabling conflict between her personal interests and fiduciary duty, the court appointed Solus Trust Company Ltd. as administrator and vested the estate assets in Solus pending resolution of the asset recovery action; Solus is entitled to fees and the parties were awarded costs as ordered.

Citation
2016 BCSC 1111
Parties
Applicant/executor Named in Will: Hsiang-Fen (Gini) Ching; Disputant/plaintiff: Hsiang-Yun (Pamela) Ching; Alternative Executor/defendant: Hsiang-Fang (Michelle) Ching; Proposed and Appointed Administrator: Solus Trust Company Ltd.; Testator/deceased: Lee Chin-Lan (Chin-Lan) Ching
Court
Supreme Court of British Columbia
Jurisdiction
Canada
Judgment Date
16 June 2016
Procedural Posture
Estate Administration and Asset Recovery Action / Application to Appoint Administrator Pending Asset Recovery Action; Judgment Granting Appointment and Vesting of Assets
Outcome
Application granted in part: Solus Trust Company Ltd. appointed administrator pending outcome of asset recovery action; estate assets vested in Solus; fees and costs awarded
Legal Topics
Removal/passing Over of Executor, Conflict of Interest of Executor, Appointment of Interim Administrator, Vesting of Estate Assets, Accounting by Executor
Source Language
English

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Parties

Hsiang-Fen (Gini) Ching

Applicant/executor Named in Will

Hsiang-Yun (Pamela) Ching

Disputant/plaintiff

Hsiang-Fang (Michelle) Ching

Alternative Executor/defendant

Solus Trust Company Ltd.

Proposed and Appointed Administrator

Lee Chin-Lan (Chin-Lan) Ching

Testator/deceased

Procedural Posture

Estate Administration and Asset Recovery Action / Application to Appoint Administrator Pending Asset Recovery Action; Judgment Granting Appointment and Vesting of Assets

  1. 1 Whether the named executor has a disabling conflict of interest that requires appointment of an independent administrator pending resolution of an asset recovery action
  2. 2 Whether assets of the deceased should be vested in an independent administrator pending litigation
  3. 3 Whether the court should pass over the alternative executor and respect the testator's choice of executor despite the conflict

Ratio Decidendi

Because the executor asserted personal ownership of significant assets alleged to belong to the estate and thus faced an inevitable and disabling conflict between her personal interests and fiduciary duty, the court appointed Solus Trust Company Ltd. as administrator and vested the estate assets in Solus pending resolution of the asset recovery action; Solus is entitled to fees and the parties were awarded costs as ordered.

Court Disposition

Application granted in part: Solus Trust Company Ltd. appointed administrator pending outcome of asset recovery action; estate assets vested in Solus; fees and costs awarded

Orders

  • Solus Trust Company Ltd. is appointed administrator of the estate of Lee Chin-Lan Ching pending the outcome of the asset recovery action
  • All assets of the testator are vested in Solus Trust Company Ltd. for the purpose of administration pending the asset recovery action