Pennsylvania court rejects son's claim of missing millions from 65-property family trust

A Pennsylvania court on Thursday upheld the dismissal of a man's case accusing his brother and others of mismanaging a family real estate trust and diverting its income. Jacob Singer claimed that millions of dollars generated through rentals could not be accounted for. However, the court found that he had not produced enough evidence to prove that the money had been improperly taken.The Pennsylvania Superior Court rejected Jacob's challenge to an earlier ruling that dismissed his claims against his brother, David Singer, Michael Singer Inc., which operates as Michael Singer Real Estate, and the trust's former accountants. The court also found that Jacob had not established his right to take immediate control of the properties.According to the information available on Justia, the dispute centred on a real estate portfolio built by the family's patriarch, Michael Singer. He founded a property management company and accumulated income-generating properties. He later created trusts for his sons, including one for Jacob, whose trust document was signed in June 2005. Jacob was appointed trustee and given powers to manage its assets.Michael transferred most of his property portfolio into the trust. At the time of the proceedings, it appeared to hold around 65 properties outright, along with interests in about 23 others owned by separate entities. Jacob and Michael had been involved in managing the properties.…