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Court had banned VC firm chairman from running mum’s estate

July 17, 2023
Source: afr.com afr.com
News Snapshot:
The court also heard he had legal advice that transferring assets could expose him to liability for a breach of trust but “did not follow this advice”. These actions were among evidence, in a case brought by Mr Timms’ other brother and sister, that prompted acting judge Brian Tamberlin in 2010 to strip Mr Timms from overseeing the estate. He said Mr Timms had put the “proper administration of this estate in jeopardy, and that, his actions, omissions and failure to accept legal advice, confirm he is not a fit and proper person” to carry out duties of executor. This...
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