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.

Melvin Simon $2 billion estate dispute

Posted on September 18th, 2010 No Comments

A Superior Court Hamilton County judge has ordered mediation in a series of arguments and disputes involving the late billionaire Melvin Simon’s estate.

The disputes are mainly between Simon’s widow and his stepdaughter. Parties are given 15 days to either agree on a mediator or to object to the order.

Simon’s stepdaughter claims that he was coerced into rewriting his will shortly before his death so that it bequeathed far more of his estate to his widow. She also wants to have her stepmother entirely removed as a trustee from the estate until the dispute has been resolved.

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.


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.

Estate Tax Back on Senate's Radar

Posted on July 20th, 2010 No Comments

According to the Associated Press, “The federal estate tax would be revived, but at a reduced rate, under a plan being pushed by two senators, a Democrat and a Republican.” The senators, Arkansas Democrat Blanche Lincoln and Arizona Republican Jon Kyl, want to reinstate the estate tax, but at a lower rate than the one in 2009.

Their proposed rate is 35 percent, with an exemption for up to $5 million. 2009’s rate was significantly higher with a tax on 45 percent, and an exemption of only $3.5 million.

This rate would not only be a significant break from last year’s but a huge savings from the proposed rate for 2011. Congress was unable to agree on the estate tax, so it expired in 2010. It is set to come back in 2011 at a rate of 55 percent.

The two senators plan to attach their changes to a small business lending bill. The Senate is expected to look at this bill next week.

Estate planning is not to be taken lightly, especially when it affects the livelihoods of your loved ones. If you need help planning your estate, contact an experienced Houston estate planning attorney at Garg & Associates, P.C., by dialing 281-362-2865.

Benihana's founder's will disputed

Posted on May 27th, 2010 No Comments

A tangled estate dispute between the wife and children of the late Rocky Aoki, best-known for his founding of Benihana Inc., is working its way through the court systems.

New York State Surrogate’s Court recently ruled that Keiko Aoki, Rocky’s third wife and widow, was entitled to pursue her attempts to seize control of a trust currently being controlled by Rocky’s children.

The dispute is over whether or not Rocky was aware of what he was doing in 2002, when his lawyer and children convinced him to sign documents that forbid him from leaving any part of his estate to anyone but his descendants.

The judge who ruled in Keiko’s favor believed there to be clear evidence that there was an “impermissible conflict of interest” in the lawyer acting as adviser to both Rocky and Rocky’s children.

One of the key pieces of evidence for this conclusion was a memo the lawyer wrote to himself in 2003, which the court was able to obtain. “Undoubtedly, the fur will fly when [Rocky’s new lawyer Joseph] Manson and his clients, Keiko and Rocky, discover the existence of the executed partial release,” he wrote, referring to the documents that would forbid Rocky from ever leaving the assets to anyone but a descendant. Rocky died in 2008.

If you are looking for an experienced estate attorney who can help you put your affairs in order and possibly avoid this kind of conflict, contact the Houston contested will attorneys of Garg & Associates, P.C., at 281-362-2865.

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