Tom Benson family feud: Lake Tahoe house renovation among payments in latest court filings (TX/LA)

The co-receivers in Texas who temporarily replaced Tom Benson in controlling some of the feuding family’s assets are asking a judge to approve several payments, including a $109,000 renovation on a house in Lake Tahoe.

A Bexar County probate judge earlier this year appointed former San Antonio mayor Phil Hardberger and estate lawyer Art Bayern as co-receivers over the Shirley Benson estate trust, replacing Saints and Pelicans owner Tom Benson as trustee.

The trust, formed after Benson’s first wife died in 1980, holds interests in real estate, Lone Star Capital Bank and auto dealerships.

The 87-year-old’s daughter, Renee Benson, is seeking to have her father permanently removed as trustee, one of several legal conflicts playing out in Texas and Louisiana courts over the billionaire’s amassed wealth.

As part of their duties, the receivers on Tuesday (May 5) asked a federal judge to approve several payments:

About $139,700 to a Nevada construction company for a renovation of a Benson family house in Lake Tahoe. The renovation included “remodeling the master bedroom and bathroom, construction of a steam room, craft room and lower deck, an electric service upgrade and miscellaneous general work,” the filing says.

About $64,800 to Uptown Blanco Arts and Entertainment and about $43,500 to Uptown Blanco Ltd. — development arms for Renee Benson’s real estate project in the small community of Blanco, Texas.

According to the filing, the Shirley Benson estate trust paid for insurance and property taxes on the project up until 2013. The payments requested are to reimburse the Uptown Blanco companies for paying those bills directly in December and January.

Nearly $207,000 to Benson Football, a holding company for interests in the New Orleans Saints. According to the filing, the trust in 2012 promised to pay Benson Football nearly $9 million.

The promissory note required the trust to pay annual interest, but Tom Benson did not make payments that were due in August 2013 and August 2014, the filing says. The receivers want to make those payments now.

About $15,700 to accounting firm Padgett Stratemann for its work managing the trust’s financial affairs.

A hearing is set for May 21 in San Antonio on whether the case should stay in federal court or return to Bexar County Probate Judge Tom Rickhoff’s courtroom.

Attribution:

Tom Benson family feud: Lake Tahoe house renovation among payments in latest court filings
Katherine Sayre
May 5, 2015
The Times-Picayune
http://www.nola.com/business/index.ssf/2015/05/tom_bensons_lake_tahoe_house_r.html

Share
News