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Ratify a Waiver of Judicial Accounting, Acknowledgment, Release, and Refunding Agreement from First Republic Trust Company acting as the trustee for The Alfred Wastlhuber Living Trust where the Solano County Sheriff's Office Animal Care is listed as a beneficiary; and Authorize the Sheriff to deposit the distribution of $147,830.49 into the Animal Care Facility donation account to be utilized for enhanced shelter operations
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Published Notice Required? Yes ____ No _X _
Public Hearing Required? Yes ____ No _X _
DEPARTMENTAL RECOMMENDATION:
The Sheriff recommends that the Board of Supervisors:
1. Ratify a Waiver of Judicial Accounting, Acknowledgment, Release, and Refunding Agreement from First Republic Trust Company acting as the trustee for The Alfred Wastlhuber Living Trust where the Solano County Sheriff's Office Animal Care is listed as a beneficiary; and
2. Authorize the Sheriff to deposit the distribution of $147,830.49 into the Animal Care Facility donation account to be utilized for enhanced shelter operations.
SUMMARY:
Alfred Wastlhuber, a former resident of Rio Vista and a cat lover, died on September 3, 2018. In his living trust, he specified that the Solano County Sheriff's Office Animal Care (Animal Care) was to receive 6% of the remaining cash distribution of his estate. The distribution amount, as determined by First Republic Trust Company, the successor trustee for The Alfred Wastlhuber Living Trust, is $147,830.49.
The Sheriff's Office has signed the Waiver of Judicial Accounting, Acknowledgment, Release, and Refunding Agreement (Agreement) and is awaiting the distribution of $147,830.49. Once received, the Sheriff's Office will deposit the distribution into the Animal Care Facility donation account to be utilized in accordance with existing Animal Care Facility Procedure regarding donations.
FINANCIAL IMPACT:
The distribution to be received from The Alfred Wastlhuber Living Trust of $147,830.49 will be depo...
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