CANADA Canada - Barry, 75, & Honey Sherman, 70, found dead, Toronto, 15 Dec 2017 #19

[Window21]

So it doesn't matter what will I look at because both wills had everything going to Honey if she lived? Is that correct? The only thing that changed were the trustees?

 

[newclues]

Investigation News Journalism | The Star

Investigative journalism projects by the Star's award-winning reporters on thestar.com.

www.thestar.com

2021 rbbm Lengthy article..
''The Star has also learned that nine months before the murders, Barry added a codicil to his will, reducing from eight to four the number of trustees who would preside over his estate. The three Sherman daughters lost their spots as trustees, but son Jonathon kept his. (The relatively new term “estate trustee,” used interchangeably with “executor,” conveys a key legal concept: estate trustees receive the estate of the deceased in trust and have a fiduciary duty to administer it properly, and without conflict of interest, on behalf of the beneficiaries.)''


''Why is all of this important? The Toronto police have said in open court during the Star’s ongoing attempts to unseal search warrant documents that the estate of Barry Sherman is “embedded” in their homicide investigation. It is important, but police will not say why.''

''While it is not unusual for one spouse to leave assets or income from a business to the other, confidants of the Shermans previously said they thought Barry’s will was not overly generous to Honey.''

''The first Sherman will the Star is aware of (the Star does not know if there were earlier versions) was created and signed in 2013. Barry was 70 that year. The will provided instructions and also listed eight trustees to oversee his estate after death. The trustees were Jack Kay, Craig Baxter (then president of Sherfam, the Sherman family holding company), Mike Florence (husband of Barry’s sister Sandra), Allen Shechtman (husband of Honey’s sister Mary), and Barry and Honey’s grown children, Lauren, Jonathon, Alexandra and Kaelen.

As to instructions, the will stated that should Barry die and Honey survive for 30 days after his death, Honey would have full access to the net income of the estate.''

Weren't the four trustees of BS's final/last will Jack Kay, Alex Glasenberg, Brad Krawczyk and Jonathon Sherman? This would mean that six out of eight were removed leaving two from the old will and two were added for the new will.

 

[Window21]

Weren't the four trustees of BS's final/last will Jack Kay, Alex Glassenberg, Brad Krawczyk and Jonathon Sherman? This would mean that six out of eight were removed from the old will and two were added for the new will.

The trustees were Jack Kay, Craig Baxter (then president of Sherfam, the Sherman family holding company), Mike Florence (husband of Barry’s sister Sandra), Allen Shechtman (husband of Honey’s sister Mary), and Barry and Honey’s grown children, Lauren, Jonathon, Alexandra and Kaelen.

So the 3 Sherman girls were cut out and there was 1 other person cut out. Only 4 trustees were left on the will

 

[newclues]

So the 3 Sherman girls were cut out and there was 1 other person cut out. Only 4 trustees were left on the will

6 were cut out (the 3 Sherman daughters, Craig Baxter, Allen Shechtman and Mike Florence) and 2 were added (Brad Krawczyk and Alex Glasenberg). Only Jack Kay and Jonathon Sherman were kept for both wills.

 

[Window21]

Slain billionaire Barry Sherman divided estate equally among four children

Slain billionaire Barry Sherman left his entire estate to be evenly distributed among his four adult children in the event of his wife’s death, according to court documents.

toronto.ctvnews.ca

"his son Jonathon Sherman, his son-in law Bradley Krawczyk, his business partner Jack Kay and family holding company executive Alex Glasenberg were listed as trustees."

So Craig Baxter was the 4th one cut out and Mike Florence was also cut out as a trustee. Alex Glasenberg was added.

 

[Window21]

6 were cut out (the 3 Sherman daughters, Craig Baxter, Allen Shechtman and Mike Florence) and 2 were added (Brad Krawczyk and Alex Glasenberg). Only Jack Kay and Jonathon Sherman were kept for both wills.

Yes, whew...I figured it out several minutes after you posted lol....
This is interesting because according to the article Dotr posted on the previous page the will is very important:

'Why is all of this important? The Toronto police have said in open court during the Star’s ongoing attempts to unseal search warrant documents that the estate of Barry Sherman is “embedded” in their homicide investigation. It is important, but police will not say why.

I think this is key to directing us to the possible murderer. IMO....

 

[No_Stone_Unturned]

OK, so the will plays an important role here. "Embedded". IMHO, it's looking bad for one person.......

 

[Window21]

OK, so the will plays an important role here. "Embedded". IMHO, it's looking bad for one person.......

Yes, I agree!

 

[MistyWaters]

Slain billionaire Barry Sherman divided estate equally among four children

Slain billionaire Barry Sherman left his entire estate to be evenly distributed among his four adult children in the event of his wife’s death, according to court documents.

toronto.ctvnews.ca

"his son Jonathon Sherman, his son-in law Bradley Krawczyk, his business partner Jack Kay and family holding company executive Alex Glasenberg were listed as trustees."

So Craig Baxter was the 4th one cut out and Mike Florence was also cut out as a trustee. Alex Glasenberg was added.

This article is a bit misleading by saying “Barry divided his estate equally among his four children” because at a glance one would assume that was his entire estate. But that’s not true because further in the body of the same article we learn in was but a pittance as only that one Will which required probate was unsealed.

“The newly unsealed estate papers list assets of more than $124 million, though that number would not include the bulk of the Sherman fortune that was tied up in various holding companies.

In fact, at the time of Barry Sherman’s death Forbes had estimated his net worth at $3.2 billion U.S. and the Toronto Star has reported that it could be much higher than that….”

ETA: If any of you have been involved in settling an estate, you might recall the Will is merely the instructions following a whole lot of other financial matters. Prior to knowing how much the disbursements to beneficiaries will be comes both paying or settling personal debts plus collecting personal debts on behalf of the deceased. While we waited in anticipation for the estate to become unsealed we still don’t even know any transaction details pertaining to that portion of the estate which was probated. JMO but if a clue is embedded in the estate, that doesn’t necessarily refer to the Will as only four possible suspects would be glaringly obvious to everyone once the details of the Will was published.

 

[FromGermany1]

Investigation News Journalism | The Star

Investigative journalism projects by the Star's award-winning reporters on thestar.com.

www.thestar.com

2021 rbbm Lengthy article..
''The Star has also learned that nine months before the murders, Barry added a codicil to his will, reducing from eight to four the number of trustees who would preside over his estate. The three Sherman daughters lost their spots as trustees, but son Jonathon kept his. (The relatively new term “estate trustee,” used interchangeably with “executor,” conveys a key legal concept: estate trustees receive the estate of the deceased in trust and have a fiduciary duty to administer it properly, and without conflict of interest, on behalf of the beneficiaries.)''


''Why is all of this important? The Toronto police have said in open court during the Star’s ongoing attempts to unseal search warrant documents that the estate of Barry Sherman is “embedded” in their homicide investigation. It is important, but police will not say why.''

''While it is not unusual for one spouse to leave assets or income from a business to the other, confidants of the Shermans previously said they thought Barry’s will was not overly generous to Honey.''

''The first Sherman will the Star is aware of (the Star does not know if there were earlier versions) was created and signed in 2013. Barry was 70 that year. The will provided instructions and also listed eight trustees to oversee his estate after death. The trustees were Jack Kay, Craig Baxter (then president of Sherfam, the Sherman family holding company), Mike Florence (husband of Barry’s sister Sandra), Allen Shechtman (husband of Honey’s sister Mary), and Barry and Honey’s grown children, Lauren, Jonathon, Alexandra and Kaelen.

As to instructions, the will stated that should Barry die and Honey survive for 30 days after his death, Honey would have full access to the net income of the estate.''

If Honey had survived for at least 30 days, would she have had the "power" to appoint different trustees/change the trustees?
Would Honey have done it and whom would she probably have cut off?

 

[Window21]

If Honey had survived for at least 30 days, would she have had the "power" to appoint different trustees/change the trustees?
Would Honey have done it and whom would she probably have cut offI

I bet she would have added her sister. I wonder if she knew Barry removed her brother in law?

 

[Window21]

Just a recap of who these people are in the will, incase we have some new members to this forum

"When Barry made his will in 2005, he appointed eight trustees (sometimes called executors). Those eight were Jack Kay (his right hand man at Apotex); Mike Florence (his sister’s husband); Craig Baxter (a family holding company executive); Allen Shechtman (Honey’s sister’s husband); and his four children."

"In March of 2017, Barry added a codicil to his will, changing his trustees to just four: Jack Kay, Jonathon Sherman, Alex Glasenberg (a family holding company executive), and Brad Krawczyk, the husband of Barry and Honey’s daughter Alexandra."

Barry Sherman’s will divided his estate among Barry and Honey’s four kids when they reach 35 years of age

Details of the slain billionaire’s will were included in a box of documents that has been sealed since shortly after Barry Sherman and his wife, Honey, were murdered. The Star’s bid to see the court file ended Friday with a ruling from Canada’s top court.

www.thestar.com

June 14 2021

 

[No_Stone_Unturned]

Why did Barry change the trustees to the four?

 

[MistyWaters]

Why did Barry change the trustees to the four?

We don’t know but it would seem to me 8 trustees could be quite cumbersome especially because they don’t all reside in the same location. I’m surprised he didn’t name the services of an estate law firm to act as trustee, a very common arrangement for dealing with complex estates.

 

[No_Stone_Unturned]

What caused Honey’s sister to be unwanted in the family? What was the issue? Did she fight with JS?

 

[Window21]

"One family member who has been completely shut out is Mary Shechtman, Honey’s sister and best friend, who had hoped to play an important role in the Sherman philanthropy. A comment she made following the murders, that Honey promised her a $300 million gift (she told me it was really $500 million but she decided to give the lower figure), upset the four Sherman children. Mary said she believes the real root of the rift was another comment she made — “I am the oldest surviving member of my family, I am too young to be a matriarch.” Regardless, she has no say in the Sherman charities, despite Jonathon’s comment in his eulogy that he wanted “Aunt Mary” to guide the charitable works “in a way that best honours our parents.”

Many lined up at the ‘Bank of Barry’ Sherman: Inside the $10 billion succession battle

Sherman daughter says her life is more tragic than a Shakespeare play; Son Jonathon says of his sudden wealth, at some point it is just ‘extra zeros.’

www.thestar.com

Feb 19 2021

Also, iirc it got so bad that JS kicked Mary out of his storage unit

 

[No_Stone_Unturned]

One family member is still looking quite bad.........petty too.

 

[ldlager]

If you follow the money you end up in one of four places, assuming one(or more) of those destinations are the correct one, you need evidence.

I believe that is where the TPS stands, a lacking strong evidence that will lead to charges and conviction.

If you believe one of those four destinations is the correct one, how do you prove it? Opinions do not count in a courtroom. The NW is a suspect, and the TPS has probably cause to at least question him and possibly arrest him. But they cannot find him.

If the TPS has not put 100% max effort in locating the NW, they must now. If the perpetrator(s) sense the NW may be arrested, the NW's life will be at risk. If the TPS can get to the NW he will likely talk.

Locating the NW (if he is still alive) has to be the #1 priority of Canadian law enforcement. IMO

MOre than 4 places but fewer than 10 places I would say.

 

[newclues]

Would LE be looking at the present 4 or the former 8 or the continuous 2 from both?

 

[WINDSOR]

Would LE be looking at the present 4 or the former 8 or the continuous 2 from both?

I would expect the TPS looked at all the current and past trustees. Please note, when I suggested that following the money could only lead to four places, in my mind I was not specifically considering the trustees, as they in the role of trustees would not be the beneficiaries of the will.

I do not know what the alleged animosity between JS and MS was based on, but I definitely believe it existed. I also think MS suspected JS of some nefarious activities.
Much the same as one of JS's sisters suspected JS, as revealed in the KD with JS interview.


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-February, 2019, Green Storage paid $1.2 million for a storage facility in Scarborough. According to land title documents, a $25 million loan from Hour Holdings was registered on title.
I am assuming that Hour Holdings was controlled by Barry Sherman. Why would they register a mortgage for $25 million on a property that sold for $1.2 million. No regular financial institution would make this sort of loan. On the surface this is how frauds are perpetrated on lenders and investors. Did Barry really know about this? Did Barry find out later? Who approved this loan on behalf of Hour Holdings? Did JS have any relationship with Hour Holdings?
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