Estate of Denial news clips (9/13/15 – 9/16/15)

Pacers owner seeks court finding on team ownership (IN)

IndyStar.com

September 15, 2015

Pacers owner Herb Simon is asking a court to declare that neither his late brother’s estate nor his brother’s widow has any financial stake in the team.

 

Sotheby billionaire’s widow is locked out of her Mayfair flat… by her own stepchildren! Stranded on the street after inheritance row over £400,000 paintings (NY)

Daily Mail

September 14, 2015

Step-families usually come with baggage. And as billionaire’s widow Judy Taubman stood angrily outside her Mayfair flat – ten suitcases piled up on the pavement – she seemed like the perfect example.

The 70-year-old former Miss Israel arrived back in London after a flight from New York to find herself locked out of her £5million home and a security guard on the door after a row with her stepchildren turned nasty.

Her husband Alfred Taubman, a property tycoon who bought the world-famous auction house Sotheby’s in 1983, died in April this year aged 91, leaving his vast fortune to be divided up. A forthcoming sale of his art could raise as much as a billion dollars.

 

Growing Kind of Elder Abuse: Marrying Seniors for Their Money

Healthline.com

September 15, 2015

It stops most of us in our tracks when we see an elderly man in a relationship with a much younger woman.

At first sight, it’s hard not to think the younger spouse is in it for the money.

 

Landmark agreement over inheritance laws in Dubai

Zawya

September 14, 2015

A “will and probate registry” will be created following the agreement, with the DIFC Dispute Resolution Authority (DRA) — through its ancillary body, the DIFC Wills and Probate Registry — being the other party.

The move will pave the way for probate court orders covering the Dubai assets of those who have registered their wills through the registry.

 

Over Ken Paxton’s objection, judge OKs gay marriage settlement (TX)

Austin American-Statesman

September 15, 2015

Turning aside objections from Texas Attorney General Ken Paxton, a Travis County judge approved an out-of-court settlement Tuesday that recognizes the eight-year relationship of two Austin women as a common-law marriage.

The settlement accepted by Travis County Probate Judge Guy Herman ended an estate fight between Sonemaly Phrasavath and family members of the woman soon to be legally acknowledged as her wife — Stella Powell, who died of cancer in June 2014.

 

How legal changes over European wills affect foreign property owners

OPP.Today

September 15, 2015

In August, new laws concerning wills in Europe came into force with little fanfare and legal experts are urging overseas property owners to be aware of their implications and to update their estate planning.

 

Forbes says Saints are worth $1.5 billion; Tom Benson, heirs still haggling about price (TX/LA)

New Orleans Times-Picayune

September 15, 2015

Forbes magazine on Monday (Sept. 14) released its annual list of NFL team values and settled on an estimate of $1.51 billion for the Saints. But team owner Tom Benson and lawyers who control trust funds for his estranged daughter and grandchildren apparently still are haggling over what they think Benson’s sports empire is worth, according to records filed Monday in a federal lawsuit.

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