About a month back the largest of the remaining homes the trust is trying to sell went under contract – it was the 642 Saint Cloud home in Holmby Hills, CA. I have pursued some realtor contacts in California to try to get a whisper of an update … but I have no update if this contract is still pending. I wanted to see if anyone knew of an update on this deal.
Here’s a link to the trustee’s announcement; I’m pretty sure the date was a typo, as it shows November 24, 2020.
Here’s a link to view drawings or renderings of the development plan if you are curious.
And here it is under construction …
Here’s a link to the realtor’s listing
https://gabrielleshow.com/greater-los-angeles/642-st-cloud-rd
Lessons Learned from the Woodbridge Scam 
Hi Greg, you may want to fix your link to the realtor listing. It is a duplicate of the link above it, and selecting it takes you to the construction picture, not the realtor listing. I did see this listing that values the property at $72 million: https://gabrielleshow.com/greater-los-angeles/642-st-cloud-rd
I did not see any update on the status of the sale.
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thank you for this!
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Was hoping someone could answer the listed question. My wife and I are co-owners if something should happen to us, do we have an option to list a beneficiary on the payouts?
Thanks
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if they are owned as IRA’s (Roth) then you already named a beneficiary.
if they are NOT owned that way, then they are considered personal property sort of like a bank account or mutual fund account. That is governed by your Will – specifically the “codicil” of the will where you name specific items (say a heirloom ring) to specific people.
Does that help?
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