Master Finds That Estate Accounting Fairly Valued Decedent’s Farming Business and That a Bank Account was a Convenience Account as Opposed to a Joint Account

Delaware Fiduciary Litigation Blog

Posted October 3, 2018

IMO Estate of Harold E. Marvel, ROW Folio No. 152 Master Griffin (October 1, 2018)

       This case dealt with exceptions to a final accounting for an estate. The exceptant claimed that the estate accounting undervalued the decedent’s farming business because, among other reasons, it should have been valued as a sole proprietorship with the decedent being the sole owner. The Master disagreed. She concluded that the farming business was properly valued and also that it was a corporate entity in which the decedent had only a partial interest.

       Based on the decedent’s apparent intent given the evidence presented, the Master also found that a bank account at issue was a convenience account as opposed to a true joint account.


William M. Kelleher, Director
Gordon, Fournaris & Mammarella, P.A.