Estate of Denial news clips (week of 7/12/15)

A case of misplaced trust and missing millions unfolds in Morgan City as wealthy businessman’s heirs seek answers to where the money went (LA)

The New Orleans Advocate

July 13, 2015

MORGAN CITY — Peter V. Guarisco and his children for decades trusted James Scott Tucker to run the family-owned holding company, Capital Management Consultants Inc., a Morgan City firm that owned a range of assets including art, property and cash.

 

Judge: Wells Fargo to pay $8M for fraud tied to trust set up when Dallas woman was orphan (TX)

The Dallas Morning News

July 10, 2015

Wells Fargo Bank has been ordered to pay a Dallas woman more than $8 million by a state judge who concluded the bank defrauded her in serving as a trustee for a trust established by her relatives in Midland when she was orphaned at age 7.

 

Court Ruling Likely Ends Anna Nicole Smith Estate’s Fight For Marshall Family Millions

Forbes

July 14, 2015

A Texas appeals court may have written the final chapter in the 20-year battle between the estate of Koch Industries investor J. Howard Marshall II and his much younger wife, the late Anna Nicole Smith. But depending upon how the decision is interpreted, it may have created an opening for lawyers to continue litigation against the Marshall family.

 

Texas Court of Appeals Affirms Findings in J. Howard Marshall II Probate Litigation

PR Newswire

July 16, 2015

DALLAS, July 16, 2015 /PRNewswire/ – The Court of Appeals for the First District of Texas has affirmed the outcome of the December 2001 probate trial that found Anna Nicole Smith was not a beneficiary of her late husband’s estate and upheld J. Howard Marshall II’s well documented estate plan.

 

Portsmouth Officer Sues City Over Gag Order (NH)

New Hampshire Public Radio

July 14, 2015

A retired Portsmouth police officer who was placed under a gag order after talking to a local newspaper is suing the city, as well as the city’s Police Chief and Police Commission.

 

Man gets 6 years in prison for lying about niece’s heirs (IL)

MyFoxChicago.com

July 14, 2015

CHICAGO (Sun-Times Media Wire) – A Cook County judge on Tuesday hammered a West African immigrant with a six-year prison sentence for lying to the court about the heirs of a woman killed in a traffic accident.

 

Ex-official: guardianship system ‘isn’t that bad’ (NV)

Las Vegas Review-Journal

July 15, 2015

Clark County‘s guardianship system, which has left thousands of elderly and mentally incompetent residents vulnerable to financial abuse, “isn‘t that bad,” according to a man who has worked in “and financially benefited from”€” the system for over 35 years.

 

Paul Knierim: Legislature’s probate fee changes are archaic, bad policy (CT)

The Bulletin

July 15, 2015

Imagine opening an invoice from the Connecticut Probate Courts while settling the estate of a spouse or parent to learn that the bill totals tens of thousands of dollars.

 

Cost of settling estates rising as states hunt for more revenue (CT)

InvestmentNews.com

July 16, 2015

Thanks to the recession in 2008, your clients may be paying higher probate fees in the years to come.

Meager state coffers resulting from shrunken tax revenue have meant lawmakers around the country have had to cut state spending for education, public safety and, yes, the courts.

 

Tamir Rice’s father asks judge to remove estate administrator, accuses child’s mother of usurping power (OH)

Cleveland.com

July 16, 2015

CLEVELAND, Ohio — The father of Tamir Rice said in court filings Thursday that he wants a judge to remove the administrator of his gunned-down son’s estate.

 

Law Firms Face Large Malpractice Claims as Risks Grow: Study

Insurance Journal

July 10, 2015

As law firms adjust to the realities of the current business environment, they continue to fall victim to malpractice claims, which can be costly to defend and may result in enduring reputational damage. A new study by insurance broker Ames & Gough finds most legal malpractice insurers continue to see a steady flow of new claims, including those in excess of $50 million.

 

Son sued by dad for inheritance after killing his mom (NY)

New York Post

July 16, 2015

A schizophrenic Manhattan man who dodged criminal responsibility for stabbing to death his wealthy philanthropist mother may finally have to pay for that heinous act with his inheritance.

 

Coroner finds no evidence that BB King was poisoned before death

TheGuardian.com

July 13, 2015

The coroner in Las Vegas says there is no evidence blues legend BB King was poisoned before he died of natural causes in May.

 

Bill takes profiteering out of policing (CA)

The San Diego Union-Tribune

July 15, 2015

SACRAMENTO — Recent news stories and studies have documented the degree to which California law enforcement agencies use something called “civil asset forfeiture” to take cars, cash and even real estate from people who have never been accused of a crime.

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