Businessman leaves $2.5 milllion estate

Businessman Gerald Montes de Oca, has left an estate valued more than $2.5M to his wife and children. He has also left $5,000 for Servol Limited and another $5,000 to the Salvation Army.

In his 1983 will, Montes de Oca named Royal Bank Trinidad and Tobago Trust Limited as Executor and Trustee of his estate. Montes de Oca died at age 83, of heart failure at his Valsayn home on December 29, 2002. According to his will, filed for probate by RBTT Trust Ltd on February 26, 2003, Montes de Oca, left his $1.8M house at Valsayn to his wife Rajpatee. He also left her his stock in Sandy Beach Ltd, all his stock units in Valpark Shopping Ltd,  and whatever motorcar (s) he may have owned at his time of death.

The will also stated that the remainder of his real and personal estate will go in trust with RBTT for his children Jacqueline, Gary and Natasha Montes de Oca, until they are of  age 19.  In the meantime, the Trustees will see to the children’s education and other needs. RBTT’s inventory of the deceased estate are as follows: His Valsayn house was valued at $1,850,000 and  a Nissan Sentra car, valued $29,000.  Shares —  Lever Brothers West Indies Ltd, $40,500; Trinidad Aggregate Products Ltd, $573,920 and  RBTT Financial Holdings Ltd, $175,000. The total was $2,668,420. The application for probate was made by RBTT’s Trust Service manager Christine Ragoobar and filed by attorney Anuradha Ramdath of the law firm M Hamel-Smith and Co.