Manager of Elizabeth Taylor May Receive Fortune

Posted on March 25th, 2011 No Comments

After the tragic passing of Elizabeth Taylor on Wednesday, some are now speculating as to who will receive her fortune. Her assets are estimated to be at over $360 million.

Reports have indicated that Taylor’s long-time manager and friend, Jason Winters, will be inheriting the money. The two became extremely close after Taylor suffered through divorce, bouts with pneumonia, and depression, that left her emotionally and physically crippled. Taylor credited Winters with helping her recover from her depression and the fear of leaving her house. He was said to have brought her back in the public eye after these hardships.

Taylor had four children, all of whom will be reading the will in the upcoming week. They have stated that they expect Winters to receive Taylor’s assets in the will.

If you would like help planning a will, please contact the Houston wills lawyers of Garg & Associates, P.C., at 281-362-2865.

Son of Socialite Sues Dallas Art Museum

Posted on March 16th, 2011 No Comments

Arnold Leon Schroeder, Jr., the son of a socialite and writer, has recently filed a lawsuit against The Dallas Museum of Art, claiming that curators of the museum swindled him out of his inheritance of over one thousand works of art.

Schroeder’s father had collected at least 1,400 famous pieces of artwork during his lifetime, which were then passed to Schroeder’s mother when his father died in 1981. According to the lawsuit, curators of the Dallas museum took advantage of Schroeder’s mother’s grief and convinced her to give all of the artwork to the museum in the event of her passing. The woman died in 2007, at which point, all of the artwork and woman’s assets went to the museum.

Schroeder is suing on claims that his mother was tricked into giving away her assets and that he is the rightful heir to the valuable collection of art. He is suing the museum for conspiracy, fraud, and the interference with rights of inheriting assets.

If someone close to you has died, and you need help receiving your inheritance, please contact the Houston heirship lawyers of Garg & Associates, P.C., at 281-362-2865.

Victoria Hopper Fighting for Estranged Husband’s Estate

Posted on March 9th, 2011 No Comments

It was no secret that, towards the end of his life, the late actor, Dennis Hopper, was having problems with his marriage to Victoria Hopper. He filed for divorce from her shortly before his death, however, Victoria is still seeking claims to much of his estate and suing his family for child support for their 8-year-old son.

Immediately following the actor’s death, a court ordered Dennis Hopper to pay $200,000 to Victoria, plus $4,000 in child support. She claimed she did not receive any of this money.

Victoria filed complaints against Dennis’s children, on claims of interference in the marriage and breaching the divorce contract, and she is also asking for twenty-five percent of Dennis’s estate.

If someone close to you has died and you feel that you are owed part of their estate, please contact the Houston contested wills attorneys of Garg & Associates, P.C., at 281-362-2865, to discuss your case.

When is a Trust a Good Idea?

Posted on March 4th, 2011 No Comments

When navigating through all the legal jargon of trusts and wills, it can be difficult to understand the differences between the two and decide which one is best for you.

Wills and trusts have a few important distinctions. The most important thing to know is that, while trusts are initially more expensive to create than wills, they could save your family huge amounts of money in probate litigation costs. This is because trusts cannot have probate proceedings that occur when a will is challenged. Trusts cannot be challenged, so you can be sure that your assets will go to the people you had intended.

Also, trusts can be put into effect while you are alive. If you wanted to allocate a specific amount of money to a loved one during your lifetime, that would be possible with a trust.

If you or someone you love would like more information on creating a trust, please contact the Houston trust lawyers of Garg & Associates, P.C. at 281-362-2865.

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Garg & Associates, PC | 21 Waterway Avenue, Suite 300 | The Woodlands, Texas 77380 Please call 281-362-2865 | Fax: 866-743-4506
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