We have previously written on this blog about the late New York copper heiress Huguette Clark, the daughter of politician and entrepreneur William A. Clark. Huguette Clark died in 2011, nearly 105 years old, with roughly $300 million to her name, no direct heirs, and numerous individuals who wanted a piece of the pie.
In our previous post, we spoke about disturbing new details that have emerged in the ongoing dispute over the estate of the late copper heiress Huguette Clark. At issue in the case are two separate wills and the question of whether there may have been undue influence upon the elderly woman when she decided to disinherit her relatives and increase a bequest to her caretaker.
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Disturbing details have just been revealed in the ongoing litigation over the $300 million estate of the late copper heiress Huguette Clark. As our readers know, the litigation involves two separate wills, one in which Clark left most of her wealth to 21 distant relatives she did not know and a second--signed a month later--increasing a bequest to Clark's caretaker, setting up a foundation for her art and doll collection, and disinheriting her relatives.
Some time ago, we wrote about the estate of the late copper heiress Huguette Clark, whose estate became a point of contention between the public administrator in charge of winding down the estate and her caretakers, who were accused of taking advantage of Clark in her old age. Clark’s $300 million estate is still now being disputed, because of two wills signed six years before her death in 2011.
Executors, or personal representatives in some states, are responsible for administering a person's estate after that person dies. These duties include collecting and managing any assets, paying off any bills and taxes, closing the estate and eventually distributing what is left of the assets.
Many people think that the act of writing someone out of their will is a sort of cruel betrayal, and perhaps a sign of a disharmonious family. But that's not always the case. People in Georgia disinherit their relatives for a variety of reasons. Some may feel as though one child needs more financial help than another, and so they choose to channel their assets to where they are most needed. Others may have had no relationship with one of their family members, and so wish to ensure that their assets are not given to a child or sibling that they never knew.
The body of Sherman Hemsley, the actor who played George Jefferson on the television series All in the Family and The Jeffersons, is currently in limbo as a legal dispute prevents his estate from putting it to rest. Hemsley's body was recently ordered to be placed in a freezer at a funeral home in San Jose after a man claiming to be his brother contested his will, requesting his possessions and remains.
Amid a family dispute over the estate of the late Michael Jackson, some members of the Jackson family have accused others of kidnapping the 82-year-old Katherine Jackson in an effort to win her over in a fight over Michael's fortune.
In our previous post, we began looking at various strategies and approaches to estate planning that will help reduce the likelihood of a will contest later on down the road. As we noted, will contests typically involve disgruntled family members or close friends who feel they've the testator's will treats them unjustly or inequitably.