Estate of Denial news clips (6/15/16)

Redstone hearing shows big court cases are still a man’s world

The Boston Globe

June 7, 2016

CANTON — Lawyers and journalists from around the country packed a probate courtroom here for a much-awaited showdown Tuesday between Viacom Inc.’s CEO and his boss, Sumner Redstone. But the first thing on the judge’s mind was not the fate of Redstone’s $40 billion media empire.

It was something perhaps far more important than a bunch of rich people squabbling: the glaring lack of female attorneys in court.

 

Black farmer fights to kill death tax

Urban News Service

June 7, 2016

John Wesley Boyd, Jr., lives off the land raising cows and growing soybeans and corn on 400 acres he owns in rural Baskerville, Virginia.

He works alongside his father, John Wesley Boyd, Sr., 75, who farms 117 acres nearby that he inherited from his own father. Together they’ve faced drought, fluctuating crop prices and encroaching development. Farming isn’t an easy life, Boyd, Jr. said, but it’s one that he enjoys and hopes to pass down to his own children.

 

How Bruce Wasserstein ‘Encouraged His Mistress To Get Pregnant Through IVF, Dumped Her on Bedrest and Was in Bed with Another Woman When She Confronted Him After the Birth – And Now Their Child Has Been Cut From the $2.2 Billion Fortune,’

Daily Mail

June 7, 2016

Billionaire Bruce Wasserstein’s former mistress and mother of his seven-year-old daughter is fighting to get a share of his $2.2billion fortune after she claims his older children wrote her out of the estate.

Erin McCarthy gave birth to Sky after the father-of-six Wall Street Tycoon encouraged her to have IVF in 2007, before his sudden death of heart failure in 2009.

 

Taxes Could Wipe Out Half of Prince’s $250 Million Estate and Force Early Sale of His Unreleased Songs, Trustee Says

People Magazine

June 8, 2016

Prince‘s estate is getting hit with a hefty tax bill that could end up taking half of his estimated $250 million fortune – and force the early sale of some of the vast troves of unreleased music that the Purple One had locked up in his vault, the trustee for the estate revealed.

Doug Peterson, an attorney for Bremer Trust, the company chosen to oversee the estate, told a Carver County judge on Tuesday that taxes equal to half of the cash value of the estate are due to the state of Minnesota and the federal government, according to NBC News.

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