There are times when you can’t “trust” the person you name as the trustee of your trust. As an example of what can happen when the trustee goes bad, take the current saga involving the trust of the late Leonard Cohen – one of the greatest singer-songwriters of all time, enshrined in the Rock and Roll Hall of Fame in 2008. When Cohen passed away in 2016, he left behind a trust valued in excess of $48 million, which included royalties, poetry, photographs, and some 250 journals. Cohen named his long-time manager Robert Kory as trustee of the trust…or did he?
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