James W. Serio neglected to mention two very important things in the will he left behind when he died in January 2007: that he had more than $2.4 million worth of gold bars stashed away in a Swiss safe deposit box and how he wanted those assets distributed.
Mr. Serio’s silence left it up to Chemung County Surrogate Peter C. Buckley (See Profile) to decide whether the cache of gold was a tangible or an intangible asset, a distinction that means the difference between Mr. Serio’s two children splitting the windfall instead of dividing it in thirds with Mr. Serio’s sister getting a share.
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