Boxing promoter’s estate facing legal disputes

Posted on October 5th, 2012 No Comments

The estate of late boxing promoter Butch Lewis is facing trouble from creditors and a woman who gave birth to his child nine months after his death.

The mother is demanding their child be declared a beneficiary of the estate and is asking for payments of $3,250 per month while the case is worked out.

Lewis, who represented brothers Leon and Michael Spinks, died at 65 of natural causes. His estate attorneys claim that no beneficiaries can receive payments until the estate’s creditors, which include Michael Spinks, are paid in full.

It is important to have your estate in line prior to your death in order to prevent any potential confusion that might arise after your death. If you need help arranging your estate, contact the Houston estate planning attorneys of Garg & Associates, P.C., at 281-362-2865.

Lawyer pleads guilty to stealing from veterans’ estates

Posted on September 10th, 2012 No Comments

A Houston attorney has plead guilty to conspiring with his wife to steal money from the veterans whose legal matters and accounts he was managing.

The lawyer,73-year old Joe B. Phillips, plead guilty to two of the 21 charges he is facing, admitting to stealing more than $1.36 million from the accounts he managed. The money went into a joint account that he shared with his wife, who admitted to having a gambling problem.

Phillips hid the money he stole in various dummy bank accounts and even forged an income tax return to keep his deeds secret.

If you are searching for an estate attorney you can trust, contact the estate planning lawyers of Garg and Associates, P.C., at 281-362-2865.

Legal Battle Over Art Collector’s $300 Million Estate

Posted on June 29th, 2011 No Comments

The widow of a Manhattan art dealer has filed a lawsuit against the executor of her late husband’s $300 million estate.

Accoridng to court documents, Clare Stone, the widow of ardent collector Allan Stone, has filed a lawsuit claiming the executor of his estate improperly bought an $8.5 million Connecticut house with Stone’s money. The lawsuit also claims the executor, Leila Wood-Smith, of moving $200 million of Stone’s art into her home without court approval.

Daughter Jessie Stone claims she visited Wood-Smith’s home in 2010 and was surprised to see some of her father’s collection on the walls.

According to the lawsuit, Wood-Smith allegedly received a fee of nearly $6 million while Stone’s widow has received “less than one percent per year of the value of the Marital Trust.”

Stone’s estate is valued at approximately $300 million. Portions of the estate have sold at two auctions. In May 2011, works by sculptor John Chamberlain sold at Sotheby’s for nearly $55 million. In 2009, 71 lots offered by Christie’s sold for $52.4 million.

If you need assistance protecting your estate and navigating the complex legal realm of trust law, please contact the Houston trust attorneys of Garg & Associates, P.C., by calling 281-362-2865.

Myths About Planning a Will

Posted on February 18th, 2011 No Comments

Wills are extremely important documents that make sure your last wishes are carried out when you die. They can help and protect the people that you love and are closest to you during your life. However, there are many common misconceptions about creating a will and how a will is carried out.

One such myth is that a will is not needed if one does not have many assets. This is just not true. Most people are worth more than they know, and everything they own can have value to someone in their life. Another myth is that a spouse will receive everything, so it is not necessary to create a will. This may be true, but, if the spouse dies, remaining assets may not be divided the way they were intended.

Furthermore, many people wonder why they should have their wills written by attorneys when they can do it themselves. A will is a legal document. An attorney will assure that all of the correct legal jargon is used so that a person’s wishes are carried out correctly.

It is important to plan ahead in life. If you would like more information on planning your will, please contact the Houston estate planning lawyers of Garg & Associates, P.C. at 281-362-2865.

Springfield Mayor ordered to court for estate dispute

Posted on December 14th, 2010 No Comments

A Sangamon County Circuit Court Judge ordered Mayor Tim Davlin of Springfield to appear in court next week for a hearing regarding the estate to which the mayor is executor.

Davlin skipped a Sept. 22 court-ordered deadline by which he was supposed to provide a financial accounting for the estate of his cousin Margaret Ettelbrick, who passed away in 2003.

Catholic Charities of Springfield has asked the judge for both a final accounting and to dismiss Davlin as executor of the estate, worth just under $1 million.

Davlin’s attorney has filed against the estate as well, alleging that he is owed about $20,000 in legal fees that he was never paid.

Don’t go through this kind of trouble. Make sure your will and estate plan is clean and easy to execute. Contact the Houston estate planning attorneys of Garg & Associates, P.C. by calling 281-362-2865 today.

Tudor dispute settled

Posted on November 24th, 2010 No Comments

The feud over the $2 million estate of Tasha Tudor, the late author and illustrator, was settled outside of court last week.

The dispute was to go to trial last week but lawyers say that it was settled behind closed doors instead.

Tasha Tudor died in 2008 at the age of 92. At issue is teh will controlling her $2 million estate.

If you are seeking experienced counsel when it comes to planning your estate, contact the Houston estate planning attorneys of Garg & Associates, P.C. by calling 281-362-2865 today.

Pavarotti estate dispute sets example

Posted on November 6th, 2010 No Comments

When famed operatic singer Luciano Pavarotti died in 2008 after a yearlong battle with cancer, there was a dispute over how to divide up his estate.

Pavarotti had drafted two wills near the end of his life; one divided his assets by Italian law and left half to his second wife, Nicoletta Mantovani, and the other half to his four daughters. But his second, American, will left all his American holdings to Ms. Mantovani.

His late wife’s lawyer declined to share details of the resolution with the public but Pavarotti’s daughters and Ms. Mantovani came to a “friendly agreement” over how to settle the dispute.

Don’t let this kind of dispute happen over your estate. Contact the Houston estate planning attorneys of Garg & Associates, P.C. by calling 281-362-2865 today.

Rollins family involved in will dispute

Posted on October 31st, 2010 No Comments

In August of this year, four members of the Atlanta Rollins business family filed suit against their father and their uncle in an attempt to change the rules governing the use of the family’s trust money.

Glen Rollins, son of Gary Rollins, was fired from his position as executive vice president of Orkin, the most well known of the Rollins family owned companies, following the filing of the suit.

According to the suit, the four members of the family behind the filing disputed the way in which they, as heirs to their father’s fortune, would be paid under a plan called the Rollins Perpetual Management Trust.

If you are looking for experienced counsel in the area of wills and trusts, contact the Houston estate planning attorneys of Garg & Associates, P.C. by calling 281-362-2865 today.

Dispute over Army Major's will

Posted on October 19th, 2010 No Comments

A legal battle has begun at the High Court of England following a dispute over the will of a deceased Army major.

The 65-year-old man died from cancer in 2008 and had a secret mistress at the time as well as a son, wife, and daughter.

His 49-year-old mistress insists that he told her, while on his deathbed, that she would be left everything in his will.

Unsurprisingly, the major’s family disputes this claim and maintains that there is no such stipulation in the major’s paperwork and that he did not in fact leave behind a will. The mistress alleges that the family destroyed the will in an attempt to prevent her from receiving any inheritance.

Problems like these can be avoided with a carefully written and detailed will and estate plan. Contact the Houston estate planning attorneys of Garg & Associates, P.C. by calling 281-362-2865 today.

Marshall estate dispute to appear before SCOTUS

Posted on October 11th, 2010 No Comments

WASHINGTON — The Supreme Court agreed Tuesday to hear an appeal from the estate of Anna Nicole Smith, the late model and TV reality-show star, in the decades-old dispute over an inheritance from her tycoon husband.

The Supreme Court agreed this Tuesday to the request that they hear an appeal from the estate of Anna Nicole Smith, the late actress and Playboy Playmate.

The dispute, which is decades old, involves her tycoon husband’s estate. This is the second time that the case has reached the Supreme Court.

Smith — legally known as Vickie Lynn Marshall — married Texas billionaire Howard Marshall in 1994 after they met at an adult club where she was working. At the time, she was 26 and he 89. Fourteen months later, Marshall died.

Since then, the estate has been in dispute between Marshall’s son Pierce and Smith.

However, Pierce died in 2006, and Smith died in 2007; now her estate and his are battling for Marshall’s inheritance and estate.

Problems like these can be avoided with a carefully written and detailed will and estate plan. Contact the Houston estate planning attorneys of Garg & Associates, P.C. by calling 281-362-2865 today.

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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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