John E. Larkin, a Hollywood financial advisor, is under investigation by the FBI for suspicion that he has mishandled the trust fund finances of Susan Strong Davis, an 88-year-old heiress. Larkin was named trustee of the $11 million trust fund and received $50,000 from Los Angeles Probate Judge Michael I. Levanas for work he performed last year as the trustee. However, the FBI will probe financial records to determine whether or not Larkin has wrongly distributed the trust fund money.
It is critical that you select a responsible, honest trustee for your trust for proper handling and distribution of your property and wealth. Prevent unwanted illegal situations by consulting a probate attorney for expert legal guidance.
For legal counsel in designing a trust and naming a trustee, contact the probate attorneys in McAllen of Barrera, Sanchez & Assoc., P.C. at (956) 287-7555.