Estate of Denial news clips (2/17/17)

Americans Unprepared to Transfer Trillions, Report Says

Private Wealth

February 2, 2017

Americans are “woefully” unprepared to transfer trillions of dollars from the older generation to their heirs, something that will happen in the near future, says Royal Bank of Canada Wealth Management in a new report.

Only 30 percent of Americans have a full wealth transfer plan and another 30 percent have nothing in place to implement the transfer of the nearly $3.2 trillion that baby boomers will pass to the next generation in the United States alone, according to the RBC Wealth Transfer Report 2017. The rest may have just a will or a partial idea of what they want to pass to their heirs, the report said.

 

Estate in Limbo After Atlanta Man Is Charged with Killing His Rich Wife

Private Wealth

February 2, 2017

Diane McIver, a well known, wealthy Atlanta businesswoman, was allegedly shot and killed by her husband, Claude “Tex” McIver, on September 25.

The case, in which her husband is now charged with involuntary manslaughter, has made headlines throughout Georgia for months, but it has also sparked a legal battle involving the woman’s estate that stands as a lesson for ultra-wealthy and even not-so-wealthy people, according to F. Skip Sugarman, an Atlanta attorney who specializes in estate litigation.

 

Ken Thompson’s Wife Is Hiding Old Wills That Leave Me Money, His Mom Says (NY)

DNAinfo

February 6, 2017

DOWNTOWN BROOKLYN — The wife of the late Brooklyn District Attorney Ken Thompson has refused to hand over his old wills that show he left money to his mother, defying a judge’s order and a stipulation she signed agreeing to do so, a new court filing charges.

In the latest salvo of a bitter estate battle, Thompson’s mother, Clara Thompson, asked a judge in a court filing on Friday to fine her son’s wife, Lu-Shawn Thompson, and hold her in contempt for not handing over copies of two previous wills.

 

Michigan Supreme Court mulling decision on judge who sexually harassed secretary (MI)

MLive.com

February 7, 2017

ADRIAN, MI — The Michigan Supreme Court is seeking more information about the investigation into Lenawee County Probate Court Judge Gregg P. Iddings before deciding on a possible suspension.

In an order given Friday, the court asked for the records from the county’s investigation into claims that Iddings sexually harassed a former secretary and to see the reports from a psychologist who assessed Iddings.

 

Ex-probate judge says ‘enough already’ to proposed sanction (ME)

Bangor Daily News

February 8, 2017

PORTLAND, Maine — The Committee on Judicial Responsibility and Disability has recommended former York County Probate Judge Robert M.A. Nadeau pay a $10,000 fine and be barred from sitting on the bench again.

The sanction, if imposed, would be the harshest the Maine Supreme Judicial Court, charged with disciplining judges, has handed down short of disbarment.

 

Row Over Late Brooklyn DA’s Estate Takes Bitter Turn (NY)

New York Law Journal

February 9, 2017

In a bitter dispute over the estate of the late Brooklyn District Attorney Kenneth Thompson, Thompson’s widow has refused her mother-in-law’s demands to hand over copies of her son’s previous wills, which contained bequests for Thompson’s relatives.

Thompson died on Oct. 9, 2016, of cancer at age 50, not long after he publicly announced his illness and named Eric Gonzalez, his second-in-command and now acting DA, to take charge of the office.

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