Davidson will contested

Posted on September 10th, 2010 No Comments

Three suits filed in Oakland County Circuit Court, all disputing the estate of the late William Davidson, have been quietly settled according to court records and attorneys involved.

Davidson, the billionaire businessman and owner of the Detroi Pistons, was worth at least $5 billion. The suits sought to dispute about $20 million of that fortune.

One of the suits was brought by a New York-based nonprofit called the Areivim Philanthropic Group, of which Davidson was a co-founder. He reportedly pledged $5 million in support for the group, which is devoted to supporting Jewish educational causes.

Two other lawsuits were filed by Israeli businessmen operating as Milestones Upgrading & Industries and related parties.

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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