Estate of Denial news clips (6/29/16)

‘Silver divorces’ sparking wave of family disputes over parents’ wills (UK)

Daily Mail

June 21, 2016

The explosion in ‘silver divorces’ has led to a wave of family disputes over who inherits parents’ homes, money and valuables, lawyers have warned.

Family rows often follow a divorce of a middle-aged couple who have assumed for years that they will leave everything they have to their children, they said.

 

Delaware Judge: Sumner Redstone’s Mental Capacity Key to Legality of Board Oustings

Variety

June 22, 2016

UPDATED: A Delaware judge said Wednesday that the state of Sumner Redstone’s mental capacity is key to determining the legality of the move last week to replace five Viacom board members, including company chairman and CEO Philippe Dauman.

Chancellor Andre Bouchard of Delaware Chancery Court told lawyers representing Viacom and Redstone’s National Amusements that he would put a hold on discovery in the case while the issue of Redstone’s mental competency is sorted out in a related case pending in a Massachusetts probate court. Bouchard said he would not force a parallel process of evaluating Redstone in the Delaware court out of compassion for the 93-year-old mogul.

 

Court punts on ending Busch family’s civil war over Grant’s Farm (MO)

Kansas City Business Journal

June 22, 2016

A probate court ruled Monday that the bidding war among the Busch family for St. Louis tourist attraction Grant’s Farm won’t be decided by it.

A probate commissioner decided not to give Wells Fargo directions on how to decide whether to sell Grant’s Farm and to whom, the St. Louis Business Journal reports. Currently, Grant’s Farm is owned by a family trust and leased to Anheuser-Busch as a public attraction.

 

Businessmen locked up for scamming elderly clients out of £30k (UK)

Grimsby Telegraph

June 25, 2016

TWO businessmen who conned pensioners out of money for financial services have been jailed.

Robert Holly, 44 of South Street, Cleethorpes and Michael Wild, 52, of Rawdon Avenue, York, scammed more than £30,000 from their clients with false claims about the law, providing worthless documents or not providing services they said they would, Leeds Crown Court heard.

 

Prince’s $300M estate draws self-declared heirs to court

New York Daily News

June 25, 2016

Where there’s no will, there’s a way — with the right DNA.

Prince’s drug overdose death two months ago generated claims from close to 20 self-declared heirs pursuing a piece of his $300 million estate, with each hoping money grows on family trees.

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