O'Quinn's Troubled Legacy

Posted on August 24th, 2010 No Comments

When famed Texas trial lawyer John O’Quinn skidded off a Houston parkway in a speeding SUV and slammed into a tree last October, he left behind a mixed legacy.

He had won billions of dollars for clients but incurred rebukes from bar groups for ethical misconduct. Ex-clients and employees said he had cheated them, but he also handed over massive contributions to multiple good causes.

In the last five years of his life, he had collected more than 800 classic cars. And that’s now the source of one of the most bitter disputes his death has provoked.

What the twice-divorced lawyer didn’t leave behind was a single sheet of paper that would have bequeathed to his longtime companion the 28 cars she says he meant her to have.

Despite Lexington’s claims of shared finances and marriage, O’Quinn left his entire estate to his charitable foundation. Although there was a provision in the will that allowed him to make adjustments for individuals, he never did before his death.

A to-do list he wrote shortly before his death lists the task of seeing a lawyer for the purpose of a “will change for D” — presumably Darla Lexington.

“What’s relevant in the eyes of the law is not what people say he was going to do, but rather what he actually did,” Houston lawyer Dale Jefferson, who represents the estate, said in a telephone interview last week.

Darla was the beneficiary of a $2 million death insurance policy, and the estate is currently paying her $6000 per month.

This case is just one of many where the likely intentions of those who have passed do not match with their wills. Do not leave your will for tomorrow, because you never know what might happen. Contact the Houston estate planning attorneys of Garg & Associates, P.C. by calling 281-362-2865 today.

Anna Nicole Smith's ordeal shows importance of estate planning

Posted on August 13th, 2010 No Comments

As of right now two doctors and a former boyfriend are on trial for providing Anna Nicole Smith with prescription pill illegally. Another legal battle that is underway is whether or not Smith’s estate will receive the money from Smith’s late husband.

In mid-March, a U.S. Court of Appeals stated the Smith’s estate would not receive any of the $1.6 billion that was left by her late husband. If one thing is shown through the chaos of the financial situation after Smith’s death, is that careful estate planning can be extremely helpful.

According to a survey, most Americans fail to write things down when it comes to their last will and testament. As of December 2009, 35 percent of Americans have a will. Building flexibility in your will, appointing a guardian, and planning a funeral are important ways to lessen the confusion and build your estate.

If you or a loved one would like to learn more about estate planning, 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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