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    Friday, November 16, 2018-1:41:36P.M.

     

     

     

     

     

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4 Flores estate heirs to share $5M

SUPERIOR Court Associate Judge Joseph N. Camacho has granted the request of the administrator of the Estate of Visitacion Rangamar Flores to distribute $5,034,038 equally among four heirs.

On Dec. 22, 2017, after more than 10 years of litigation, the court  issued a decree of final distribution for the $19.3 million paid by the CNMI government to the heirs of Maria Mangabao.

Maria Mangabao died on Saipan in the early 1990s, leaving three heirs who are also all deceased: Ramona Rangamar, Visitacion Rangamar Flores, and Vicente Rangamar.

The court divided the land compensation funds into three equal shares for the three identified heirs at $5,335, 216 each.

 The administrator for the Estate of Visitacion Rangamar Flores is Nicanor F. Norita.

Through attorney Michael Dotts, Norita requested that the court  distribute the estate’s funds and approve the payment of $7,961 to Dotts for legal fees.

Norita also requested administrator fees in the amount of $300,000 which will leave $5,034,038 for the four heirs.

Judge Camacho granted Norita’s requests and ordered the administrator to distribute the estate’s remaining balance equally to the four heirs —  “provided that each sub-estate is opened for probate and, in addition, an interest-bearing account is set up for each sub-estate to receive disbursement of the funds.”

“As each sub-estate establishes the required bank accounts, the administrator shall make the partial distributions to them,” the judge added.

Moreover, he ordered that “any withdrawal from a bank account opened for a sub-estate shall be signed by both the administrator of the sub-estate and his or her attorney.”

The judge said “no withdrawal shall occur from the said accounts unless approved by the court with jurisdiction over the sub-estate.”

In addi­tion, the administrator must “advise the court of the status of distribution to ensure that the estate is prepared for final closure after proof that all final distributions are done consistent with the order and after a decision is made on the administrator’s motion for payment of fees.”

Judge Camacho on Friday also heard arguments and objections from the attorneys of the sub-estates regarding the administrator’s fees.

The judge continued the hearing for Dec. 6, 2018 at 9 a.m.

Attorney Brien Sers Nicholas represents the Estate of Maria Flores Fitial while attorney Benjamin Petersburg represents the Estates of Soledad Flores Kaipat and Nieves Soto.