[UPDATED] Moyle: Steer clear of messy family situations
He been criticised in court over his handling of a $1.4 million estate.
Moyle was the executor of a will left by farmer Murray Dean, who wanted to provide an income for his widow, and for the money to be distributed among his sons, from his first marriage, upon her death.
A High Court judgment said the value of the estate had dropped by $230,000 over 10 years after Dean’s death - and New Zealand Financial Planning was charging more than $1000 a month as a portfolio monitoring fee. It also showed an unauthorised payment of $52,000 out of the capital of the fund to Dean's wife, also an executor of the will.
Moyle said the overpayment was a mistake, was small and was recovered so there was no depletion of the capital that was to pass to her stepsons when she died.
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