Billionaire leaves majority of the furniture giant IKEA under the control of a company A recent story online found here reveals the estate plan of the billionaire founder of the furniture giant IKEA. Feodor Ingvar Kamprad (March 30, 1926 – January 27, 2018) founded IKEA in 1943 in Sweden. Mr. Ingvar founded his company at…Read More »dividing estate, estate administration, succession planning
Estate administration errors may lead to estate disputes
Estate administration is one of the most areas of estate law requiring proper legal advice from an estate lawyer. Many estate disputes arise as a result of errors made with administration. Any questions must be addressed with the advice of an estate litigation lawyer in order to ensure that no errors are made. Trustees and executors may need extensive legal advice to ensure they understand what their duties and obligations are.
Estate administration and probate
One of the most common issues is probate. Probate is the verification by a Court (usually a Judge) that the will in place is valid. Probate also verifies that the executors or trustees appointed have the authority to administer the estate. If probate does not occur in a timely manner, administration may be delayed. For example, some institutions such as banks may refuse to release funds held in bank accounts to the executor or trustee for distribution until probate takes place.
Brothers involved in dispute over their late mother’s estate A recent story from England outlines some of the difficulties siblings may encounter with respect to their parents’ estates. The story is about an estate dispute between three brothers, Dominic, Jeremy, and Timothy Heath. According to the story, Dominic, 53, and Jeremy, 65, are leading doctors…Read More »dividing estate, estate administration, estate law, estate litigation, will challenge
Charles Manson estate dispute heating up A recent story online discusses the latest developments on the estate of the notorious cult leader and murderer, Charles Manson (November 12, 1943 – November 19, 2017). According to the story, two of his sons, Michael G. Brunner and Matthew Robert Lentz, are apparently moving forward with a petition…Read More »estate administration, estate litigation, succession planning, will challenge
Disinherited children may be entitled to share in lottery winner’s estate A recent story from New Zealand found here is a very interesting scenario involving the estate of a lottery winner and his disinherited children. David Wayde Carson died in 2015 with a will leaving nothing to his children. David had no contact with his…Read More »dividing estate, estate administartion
Estate dispute results in $2.3 million in administrative and legal expenses A recent story about an estate dispute currently before a Northampton County Court in Pennsylvania is a reminder of the massive legal costs the parties involved in estate litigation can incur. The subject dispute stems from the estates of Peter Karoly and his wife,…Read More »estate administration, estate law, estate litigation, succession planning, will challenge
Thicke estate dispute involves prenuptial agreement A recent story online outlines the latest developments in the Alan Thicke estate dispute. The Canadian actor and star of the TV show Growing Pains passed away on December 13, 2016 in Burbank, California. He was playing ice hockey with his son when he collapsed. He died due to…Read More »dividing estate, estate administration, estate law, succession planning
Prince estate deal with Universal Music Group rescinded Carver County District Judge Kevin Eide has rescinded a $31 million dollar deal between Universal Music Group and the Prince estate. According to a recent story, a large portion of Universal’s deal with the Prince estate was nullified after it was revealed that the agreement would not…Read More »dividing estate, estate administration, estate law, estate litigation
Holograph Will handwritten by Dallas Cade deals with $30 million estate A recent story serves as an interesting example of an estate dispute based on a handwritten will. The deceased testator is Bra Boys member Cade Dallas. The Bra Boys are a gang centered on surf culture and founded in Maroubra in Sydney, New South Wales….Read More »dividing estate, estate administration, estate law, estate litigation, fraud, will challenge
Undue influence found in case involving gifting of two cars before death A recent decision from the Indiana Court of Appeals outlines the approach courts in that state take when it comes to undue influence. The full decision is found here. The matter was originally before the Grant Superior Court in Indiana. At issue were gifts made by Thomas…Read More »estate administration, estate law, estate litigation, succession planning, testamentary capacity
Muhammad Ali’s family may be heading toward estate dispute After Muhammad Ali passed away on June 3, 2016, several news sources reported that his estate may become the subject of a dispute. Although few details have surfaced since his passing, a recent story suggests some of Ali’s children may be at odds with his widow,…Read More »dividing estate, estate administration, estate law, estate litigation, succession planning