A recent lengthy but interesting series of stories (Part I and Part II) on the odd heiress, Huguette Clark, appeared to prompt a good article yesterday from Bob Sullivan, who covers Internet scams and consumer fraud for msnbc.com. Mr. Sullivan’s posting focuses upon allegations and situations involving elder financial abuse, which is a significant portion of my own law practice. I suggest that you read the [...]
Archive for the ‘Duties of executors’ Category
Stealing From Grandma And Grandpa—Inheritance Theft
Posted in Breach of fiduciary duties, Duties of executors, Duties of trustees, Misappropriation of assets, Powers of attorney, Rights of beneficiaries, Self-dealing, tagged power of attorney, undue influence, Huguette Clark, Bob Sullivan, elder abuse, financial abuse, elder financial abuse, attorney, accountant, elder theft, financial exploitation, Elder Justice Act, elder law attorney on August 28, 2010 | Leave a Comment »
Inheritance Hijackers: Who Wants To Steal Your Inheritance And How To Protect It
Posted in Breach of fiduciary duties, Duties of executors, Duties of trustees, Misappropriation of assets, Rights of beneficiaries, Self-dealing, Will contests, tagged assets, trust, beneficiary, litigation, fiduciary, Inheritance Hijackers, inheritance theft, Robert Adamski, inheritance, victim, Protect Your Estate on August 6, 2010 | Leave a Comment »
At the recommendation of a client, I have recently started reading a fascinating book entitled Inheritance Hijackers: Who Wants To Steal Your Inheritance And How To Protect It (Ovation Books 2009) written by a Florida attorney named Robert C. Adamski. The book is primarily written for beneficiaries and potential beneficiaries of an inheritance. Mr. Adamski’s book sets forth an extensive [...]
Update On Gary Coleman Estate Dispute
Posted in Duties of executors, In the news, Misappropriation of assets, Will contests, tagged Gary Coleman, Diff'rent Strokes, Todd Bridges, Dana Plato, trust fund, misappropriation on June 30, 2010 | Leave a Comment »
As a child of the 1980′s, I grew up watching Diff’rent Strokes like most people my age. A white, middle-class kid growing up in Oklahoma, I did not have much in common with two African-American orphaned children from Harlem taken in by a rich Park Avenue businessman, but the show constantly had me laughing, especially when Gary Coleman [...]
Federal Appeals Court Rules Against Estate Of Pinup Anna Nicole Smith, “Widow” Of Elderly Texas Billionaire
Posted in Duties of executors, In the news, Interpretation of wills/trusts, Rights of beneficiaries, Will contests, tagged Anna Nicole Smith, Ninth Circuit Court of Appeals, probate court, will contest on March 21, 2010 | Leave a Comment »
One of the longest-running estate and trust battles on record added another chapter with the Ninth Circuit Court of Appeals’ recent ruling in the saga involving Anna Nicole Smith, now deceased, and her estate’s attempt to claim a chunk of her former husband’s billion-dollar fortune. Specifically, Anna Nicole, stripper-turned-Playboy model-turned-pop-celebrity, married elderly oil magnate J. Howard Marshall in [...]
UPDATED: Dispute Erupts Over Wealth Of Deceased Billionaire Shopping Mall Developer
Posted in Duties of executors, In the news, Interpretation of wills/trusts, Misappropriation of assets, Rights of beneficiaries, Will contests, tagged Baby Boomer, Bren Simon, Central Arkansas, Melvin Simon, Park Plaza Mall, Parkinson's, shopping mall, Simon Property Group, trust, University Mall, Wall Street Journal, wealth war, will on January 29, 2010 | Leave a Comment »
Pretty much anyone who has lived in Central Arkansas over the last few decades has been aware of if not actually visited University Mall in Little Rock’s midtown area. While it used to be the hot spot for shopping many moons ago, in more recent years it became better known for its empty stores and the litigation that resulted from disputes [...]
Removal Of A Trustee Under Arkansas Law
Posted in Accounting actions, Breach of fiduciary duties, Duties of executors, Duties of trustees, Self-dealing, tagged Arkansas Trust Code, beneficiary, breach of trust, executor, personal representative, removal on January 25, 2010 | Leave a Comment »
My previous blog post generally discussed principles associated with the removal of executors or personal representatives of an estate. This post is similar except that it analyzes this issue in the context of trusts rather than estates. Every trustee of a trust, and every beneficiary of a trust, should be aware of these principles as well. To [...]
Removal Of An Executor (Personal Representative) From An Estate Under Arkansas Law
Posted in Breach of fiduciary duties, Duties of executors, Misappropriation of assets, Rights of beneficiaries, tagged administer, arkansas, asset, beneficiary, conflict, conflict of interest, debt, distribute, estate, executor, fiduciary, good faith, heir, intestacy, intestate, letters, manage, passed away, personal representative, probate, property, removal, remove, testamentary, will on January 9, 2010 | Leave a Comment »
As previously discussed on this Blog, an executor, also known as a personal representative, is a person who is charged with the responsibility of administering an estate after another person has passed away. They will typically do things like collect and inventory the deceased’s assets, manage the property, pay the debts, and distribute property according to [...]
UPDATED: Sentencing Time In The Ultimate Wealth War: The Astor Family Fortune
Posted in Breach of fiduciary duties, Duties of executors, Duties of trustees, In the news, Misappropriation of assets, Self-dealing, tagged Anthony Marshall, Astor, Brooke Astor, estate planning, law enforcement, Phillip Marshall, trust administration, wealthy, white collar crime on December 19, 2009 | Leave a Comment »
As we are in the midst of the holiday season and families all around the world are coming together to enjoy each other’s company for a few fun-filled days (or in some cases a couple of miserable hours), it can be a little disheartening to read about (much less write about) another wealth war in the news. [...]
