Boyce W. Coombs CPA, has been the Trustee of my Late Fathers Estate and to top it off he was a personal friend of my father which makes this even worse, Coombs has broke the trust with all the beneficaries"Siblings". He hasn't and has refused to audit the estate/ show the books of the estate/ will not show or report to the beneficaries any accounts of my own personal fathers Estate and Trust. He has mismanaged the Trust and has lived off my fathers Estate, which my fathers worked his a*s off to provide for his family and future heirs. He put this trust inplace and discussed with all his children his intent and vision of what he left behind and what would be provided when he passed. Ever since my fathers passing the criminal unethical person Coombs has milked my fathers estate with his ignorant incompetent decissions. He will not show the books to anyone unless we signed a hold harmless agreement plus he didn't pay the beneficaries any month distrubutions until that agreement was signed. He went right around all the beneficaries and their wishes/ instructions / because NONE of my siblings would sign his unethical business practice "hold harmless agreement". So he took my Father Trust to court and didn't care what any of us had to say and he requersted the Judge to have him held harmless by the Judge his attorney's buddy! This is where McKeachnie Law Offices come in with Mr. Gayle F. McKeachnie. Reminds you of the Clintons does it? Criminal empire robbing families estates and trust thinking their above the law, so we filed a criminal report with the State of Utah and the DOPL department where a investagation has been opened, we also filed with the IRS a 3949A form with a 211 form dircetly to the IRS. Coombs wanted some pay back so on my monthly distributioons from my fathers trust he started with holding 28% for taxes when Im a USA citizen by law in the IRS manual requires a SSN< EIN< or TIN for NO withholding period, I filed out a W-9 with my EIN which is legal and lawful and he still refused and still deducts 28% anyways and he refuses to comply with the law! Remind you he is a Licensed CPA! So what do you think so far? The this man or his firm has done something similiar to you or you know someone please reply and leave your info or email me asap! There are more families coming forward with similiar stories!
He actual had the nerve to tell me and all my siblings that he is going to quet his CPA business and just be a Trustee of Estates and Trusts, again this is where McKeachnie Law Offices come in and stick Coombs out front while they pull the strings from behind! Just me more and more info is coming out on their operation with projects and investments that are being made with no regard to the beneificarie well being or the future for my fathers grand children! Don't ever hire any of these people, this is my personal OPINION and I have already submitted a affidavit to the facts stated in this document!
Relevant points:
1.) Neglect in performance of fiduciary duty.
A.) Coombs made no immediate assessment of Father's primary residence upon his demise.
B.) Failed to protect the property from deterioration specifically the orchard. The orchard has significant value and was allowed to go unmaintained and unwatered for an extended period of time. The orchard suffered subtancial irreparable damage costing ten's of thousands of dollars and directly affecting the overall value affecting appearance of the asset.
C.) Mismanagement of the asset. Even though he was made aware of significant deferred repairs he did not act to preserve the asset. He should have made immediate repairs to the known issues including pest damage and control, inoperative/broken equipment including but not limited to the sprinkler system, swim spa, block walls, damaged roofing from tree service, who should have been held liable for the damage, (unknown if the tree service was ever backcharged). Failure to maintain the grounds including the removal of general debris and insightly stored items, ie. Mosiah's Firebird, termite infested storage sheds, and lumber.
D.) Once Coombs decided to force the sale, against the children beneficiaries wishes, he failed to personally physically inspect and evaluate the condition of the estate.
E.) He engaged a real estate company that is quite obviously either not professional or he failed to take professional advise that should have been recommended, for example a reputable company would have presented a viability study to maximize the sale price. If they did he obviously ignored that advise.
F.) Coombs stated that since a replacement property was already purchase for Pamela, that it was putting an undue financial burden on the estate. I contend that what should have been done is a completely different strategy. In other words Coombs made poor financial decisions putting the estate in distress.
G.) What should have been done is entirely different from what he did. It was the desire of the children beneficiaries to retain the asset and rent it out to cover the debt, make all repairs to the property and preserve the asset. If it was, in fact, absolutely necessary to sell the asset, which all the children beneficiaries are in disagreement with, then it should have been properly prepared for sale. Coombs should be personally financially liable for the restoration of the orchard due to his negligence. At a minimum the pool should be repaired, carpets replaced, cat and dog odors and damage remediated, the entire home should be painted and base/trim repaired, all estetic deficiencies corrected, the block walls at driveway rebuilt, the sprinklers/landscaping and orchard replanted and or replaced as required, professional staging and open house presentations be made along with direct mail and industry based marketing performed. To my knowledge none of these activities took place. Again this is fiduciary negligence. He was attempting to fire sale the asset to cover his mistakes and mismanagement of the asset.
H.) Last but not least I should have been asked to be involved with the sale, both as an expert in residential property sales and as an expert in property restorations. Not to mention my obvious extensive knowledge of this particular asset. It is also a publicly known fact that I am ranked in the top 100 real estate brokers in the area. This very fact should hold significant weight in my ability and expertise. Because Mr. Coombs has an obvious personal issue with me he purposefully and maliciously excluded my involvement.
These are a few of the most prominent claims against Mr. Coombs, I will be interested in your assessment of the claims and any additional that should be added.