Showing posts with label testament. Show all posts
Showing posts with label testament. Show all posts

Tuesday, 24 December 2024

John Coll: Helpless against a crooked executor

Our mortal powerlessness

Yesterday marked a decade since the passing of my friend and mentor John Coll. As a blogger, I would normally have written something to commemorate and memorialise the day. The blog I wrote last year was meant for yesterday, I was a year off.

Blog - John Coll: Friend, Mentor, Gentleman – January 2015

Blog - John Coll: Calling on Herbert Dzinotyiweyi to fulfil his wishes – December 2013

Much as I want to reflect on our friendship, there are issues of understanding trust and the powerlessness of keeping that trust when you are no longer in the picture.

It brings to mind when Queen Elizabeth II gave her Christmas message desiring that the Duchess of Cornwall as the spouse of the Prince of Wales become the Queen Consort when he assumes the throne. That wish lasted until the coronation of King Charles III when he as king regnant decided his consort would be crowned Queen.

The clear message there is that regardless of the desires of the much-loved Queen, once she joined her ancestors, the powerful effect of her determination had gone with her passing. There is only one monarch in a kingdom and this time, it was Charles III, we had left the Second Elizabethan era for the new Carolean age from the 8th of September 2022.

The danger of a sole executor

In the affairs of life, we exercise both choice and control to varying extents, our presence enables us to order, arrange, and challenge situations to align with our liking and expectations. However, in our passing, where we cannot exercise control or authority, we rely on trusted persons to fulfil our wills, testaments and bequeaths.

There is a clear basis for an executor of an estate and there is law and precept that governs that responsibility, yet it can be abused. John chose the ‘trusted’ financial manager of his company to execute his will, whether it would have been prudent to distribute that responsibility seeing that John had been an employer of labour and skill for decades is another thing.

When John passed on, the primary elements of his will, such as his funeral and the disposal of his estate were followed through and seemingly completed quite promptly. The other part of his will which included bequests to 10 individuals, mostly outside the UK did not get fulfilment.

Once the executor had seen the largesse of the estate the trust reposed in him evaporated into avarice and over years, he schemed to transfer the full value of the estate after probate of about £780,000 to himself. He might have siphoned it out of the country or gambled it away, but he also had another plan, for he had citizenship of Zimbabwe and naturalisation in the UK.

I was onto him in 2019 when I learnt that most beneficiaries of John’s will had not been informed, and those who should have known were kept from prying because the executor feigned complexity of managing the estate and the required taxes.

He escaped accountability and justice

As I was not a beneficiary, I could only inform and instigate in the hope that John’s wishes would be fulfilled, and accountability is looked for as pertains to the fiduciary duty of an executor. Sadly, the police mishandled the situation and allowed the executor a window of opportunity to escape justice leaving the beneficiaries bilked of consequential resources that could have been impactful on their lives if John’s wishes had been conducted.

The lesson here is not only in choosing a trusted lieutenant or friend to execute your estate, especially in the absence of close relations to do the same but in distributing that responsibility so that the executors can hold each other accountable and true to the requirements of the testator.

Whether John had any insight into the character or integrity of his executor, one cannot tell, but with hindsight, the executor was anything but trustworthy. Mortal man is at a loss, for a will has no enforcement until the person is confirmed dead and the same person is powerless to ensure that their will is totally implemented according to the spirit and the letter of will.

A thought on accountable executors

As a man of faith, one of the reasons why Jesus Christ had to rise again from the dead was that the will for man to have eternal life and a relationship with God came into force with His death and the shedding of His blood for our sins. He rose again to ensure his testament was followed completely, that in accepting His sacrifice on the cross and declaring Him Lord, He confers the same sonship He has with God the Father on us too.

Imagine if, at the implementation of a will, the testator had the means to ensure every jot and title of their will was fully done without any challenge to the executor or resorting to the courts to redefine or alter your intention, purpose, and desire. Trust is a fleeting commodity, when it comes to executing a will, please ensure you have built extensive accountability into the process.

It is not John’s fault that things turned out this way, I never had reason to question either his instinct or his judgment when he was alive, people change and when it comes to money and worse still, the love of money, it is the root of all evil, the unconscionable evil that consumed Herbert Dzinotyiweyi.

Saturday, 21 April 2007

Last testament Feng shui

Flower arrangements

Many a time, one has been quite dismissive of the Western adoption of the Eastern practice of Feng shui. Fundamentally, it is simply interior decoration for those consumed with superstitious foreboding hoping that right flower arrangement and placement of stool would be a good channel for luck.

Now, I would now pooh-pooh the practice, it works for those who believe in its efficacy and bully to them.

However, this become interesting because the once richest woman in Asia, Nina Wang who died on the 3rd of April having battled with her father-in-law for the fortune of her husband who was abducted in 1990 and never seen again.

She built the business after his disappearance into a large conglomerate but was known for her eccentricity and thriftiness; she normally dressed up like a teenage school girl and preferred fast-food outlets to restaurants.

Will you sign?

A few years ago, she made a will to benefit a charity, since she had no issues and her fortune was an estimated $4.2 billion and that is quite a largesse.

However, until her more current and disputable will was read two days ago, it was not clear what relationship she had with her Feng shui guide and fortune teller - Chan Chun-chuen who becomes the main beneficiary of the Wang estate with the commendation from Mrs. Wang that he fully understood her personal philosophy.

I, being one who has scoffed at charlatan fortune tellers who seem to see everyone's misfortune but none of their own good fortune, this is an interest diversion from the norm because this fortune teller has come into great fortune, though I wonder if he has seen if he would win through the courts.

Meanwhile, back to the practice of arrangements called Feng shui, even a last testament requires for an expert to advise you about where to sign, especially if you are signing it off to your fortune teller.