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How the Litigation Began




I stated, in my November 7,1991 letter to City National that I intended to file a petition for division of trust under CAL.PROB.CODE §15412 and that it was my desire to resolve the division-of-trust issue inexpensively:


"...as amicably as possible, and with the least expense for all concerned".


CAL.PROB.CODE §15412 states the following:


"On petition by a trustee or beneficiary, the court, for good cause shown, may divide a trust into two or more separate trusts, if the court determines that dividing the trust will not defeat or substantially impair the accomplishment of the trust purposes or the interests of the beneficiaries.".


February 25,1992 City National's trust officer, William Schacht, wrote to the trust beneficiaries communicating my intentions and stating further:


"Perhaps among yourselves an agreement might be struck that would be acceptable to




Inspired by stories of my grandfather’s success in real estate I got a California real estate license and began working at this while looking for a job opening in my real profession (librarian).  In 1980, while working half time for the Library Department, I also worked at a real estate office during my free time.  I discovered then that my mother was receiving far less income from the parking lot than lease should have been generating.