Legal Question in Wills and Trusts in California
A Bishop was president of a non-profit church. The church is titled (grant deed) as two non-profits; division of 60%/40%. The Bishop was president of one or both non-profits. The heirs of the Bishop's estate are questioning the investment of shares in the non-profits, as held by the Bishop. The heirs are requesting the shares be included in the probate of the Bishop's estate. The question is, are the shares, belonging to the Bishop, assets to be listed in the inventory and appraisal report of the Bishop's estate? Non-profit church located in Oakland, Alameda County, CA.
2 Answers from Attorneys
A non-profit should never have issued shares in the first place. You need to talk to an attorney in person right away. You have a potentially huge mess there.
Exactly. The property should belong to the non-profit but the parties may have titled assets incorrectly or issued shares improperly such that the ownership is now in dispute and may require a judicial decision on the rights of the parties. I have handled church related disputes.
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