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TN Executor Accused of Spending $800,000 Meant for Children’s Home

When Raymond Simmons died in 2006, he left his entire estate, worth $800,000, to the Tennessee Children’s Home. The home, which started as an orphanage in 1935, takes care of male teenagers who have been abused, neglected, or who have had trouble with the law. Simmons’ executor, Daryl Bornstein, is now being accused of spending close to the entire amount of money. The lawyer for the Tennessee Children’s Home, Joe Fowlkes, has stated that there is only $25,000 left. Probate litigation could take 9 months to a year and a half.

It has been reported that Bornstein admitted to spending the money for personal use, mainly on bad investments and Iraqi money. His lawyer has declined to comment on the situation.

Bornstein was one of Simmons few friends; although he has surviving family members, they were estranged and they were not beneficiaries in the will. The friendship started after Simmons bought an insurance policy from Bornstein.

The home has not been able to determine what connection Simmons had to it, if any, although they were very appreciative of the donation.

This entry was posted in Estate Litigation, Wills. Bookmark the permalink.

One Response

  1. david says:

    nice post sir

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