In funds we trust
So lovely to read a sensible suggestion in print (“Lands for the people,” Feb. 6). Under law, trustee funds and general state funds cannot be mingled. So luckily the state cannot invade trust property to pay for shortages due to their mismanagement.
Regarding compensating the school trust for the contemplated commercialization described, I believe trust laws would require the new funds realized by such development be retained in the trust.
There are fiduciary duties trustees must adhere to by law or suffer personal consequences if proven embezzlement or other willful mismanagement for personal gain can be shown.
There might be a portion of the trust terms [that] would support a suit of willful neglect with regard to property marked for distribution. It is my understanding that some of the trust property was intended by the benefactor to be distributed to the beneficiaries. The trustees should be sued for willful negligence for lack of distribution.
The location of beneficiaries should be a matter of public record based on birth records. The fact that distribution can be made at anytime to those entitled via public records should be prima facie evidence of willful neglect. The fact that heirs of the intended trustees continue to suffer the needless deprivation of income and use of the royal properties should be enough to support at the very least an injunction against continued distribution of trust wealth to trustees.
I would bring a personal liability suit against the trustees for negotiating barter. Late is better than never.
Paula Ping Hu-Pitzer Kailua, HI