Manhattan trusts and estates lawyer Edward F. Campbell Jr., counsel in the New York office of Chicago’s Vedder, Price, Kaufman & Kammholz, acted as “mediator, attorney and financial advisor” to his elderly parents in the 1996 sale of their home to….him.
Campbell “purchased” the 7 bedroom, 2 acre home in Lloyd Harbor, Long Island from his failing parents for no down payment and $1,000 a month, reserving to the parents a life estate, which isn’t turning out to be much of a consolation to the elder couple. A Suffolk County Supreme Court judge is skeptical.
No word on how Campbell’s eight siblings are taking the news.
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Honor your father and mother. You will then live long on the land that God your Lord is giving you.