Chapter 10 - ELEANOR EXPLAINSEleanor came to the hospital the next morning.
She brought no dramatic leather briefcase.
Canvas tote.
Coffee.
Reading glasses.
I said:
“Tell me what happens.”
She sat.
“First, nothing automatic beyond a temporary administrative freeze.”
“Freeze on what?”
“Discretionary trust benefits connected to Julian. New reimbursements. New guarantees. Certain pending draws.”
“Can you call his business loan tomorrow?”
“No.”
Good.
Reality.
She continued:
“The Section Fourteen committee reviews whether his recorded notice and occupancy actions constitute a Triggering Event.”
“Who is the committee?”
“Two independent trustees and me as Trust Protector.”
“You decide?”
“I participate. I don’t act alone.”
“What if it is triggered?”
“Then several consequences become available under existing contracts. The Opportunity Fund can accelerate Julian’s direct note after notice and cure period. It can decline to renew or expand guarantees. It can require additional collateral for the guaranteed credit line.”
“Lose far more than the house.”
“That was Thomas being Thomas.”
“So Julian won’t suddenly lose millions?”
“No.”
I almost smiled.
“Disappointing.”
Eleanor gave me a look.
May you like
“You are in a hospital because your husband changed locks on trust property and you fell during the confrontation. Try not to become him.”
That landed.
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