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TML Again

j9y5m7e2Paul Daugherty once again graciously allowed me to guest write his The Morning Line blog for the Cincinnati Enquirer.  If you are a UC fan, you might enjoy it.

The Man Who Sold the World

isa90rdfThe will of David Bowie was filed in Manhattan Surrogate Court on Friday.  The will left $1 million of his reported $100 million estate to the former nanny of his son, $2 million to his long time personal assistant, 25% of his estate to his 44 year old son, 25% in trust to his 15 year old daughter, and the balance to his wife, Iman.

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Feel the Burn?

3izqaim1Last week Bernie Sanders released his tax increase plan for paying for his $1.4 trillion annual single payer health care plan. Among other hefty increases, his plan would increase the estate tax on the “wealthiest .3% of Americans who inherit more than $3.5 million” to raise an additional $21 billion annually.

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Solitaire Confinement

0mmui8h1We have already traveled this road, but it is worth revisiting.  After the death of her husband in August, a Canadian woman was locked out of her husband’s Apple account because she did not know his Apple ID.  She discovered this when her favorite card game would not function and she was unable to reinstall the game. Apple told her she needed  a court order to change the password, or she could create her own Apple ID and repurchase the game.

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Dead and Bloated

9jjupqiuScott Weiland was formerly the lead singer of Stone Temple Pilots. At the time of his death last month, he had been married to his third wife for two years.  Meanwhile, his second wife, Mary Forsberg, filed his 2007 will in LA County probate court because it named her as executor of his $2 million estate.  The will was executed several months before they divorced.

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The Will In the Front Yard

1c1ck46lAntonio and Ann Yzaguirre died when a tornado hit their Tennessee home several days before Christmas.  Oddly, several pages of their will were found 55 miles away in the front yard of Sharon Thompson.  In looking for the owner of the will, she connected the will to the Yzagurirres through a Google search.

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Happy New Year

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The Will In the Cupboard

y5c6ivhvMelissa Mathison, who died last month at the age of 65, was renowned for being the screenwriter of E.T. and The Black Stallion.  She had also been married to Harrison Ford from 1983  until 2004.  She left an estate worth $22 million, most of which is in trust.  However, her original will cannot be located.

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Merry Christmas From My Family to Yours

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Are Not All Former Spouses Bums?

scvbh2i1After divorcing her husband of 10 years in 2014, Diane Wagner agreed to pay him $186/week in spousal support. When writing the checks to him, she has used the memo section to write “alimony/adult child support,” “bum,” “loser,” and “FOAD.” Her 61 year old ex-husband recently sued her on the grounds that her notations are causing him emotional distress and caused him to suffer a heart attack.

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Jihad Estate Planning

tp0tgmnbThe six month old baby orphaned when her terrorist parents killed 14 people in San Bernardino is at the center of a custody dispute.  Saira Khan, the sister of the slain terrorist, has asked for custody of the girl. Experts are predicting that family members will not get custody of the baby because county officials will not recommend custody for family members if they are shown to have have had knowledge of the attacks.

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TML Again

cpkrqfjcPaul Daugherty has once again allowed me to guest write his The Morning Line blog for the Cincinnati Enquirer.

     

2 Broke Girls Pt. 2

sumner-redstone-02At the risk of turning this into People Magazine, a quick corollary post to the most recent post on nonagenarian Sumner Redstone and his mental capacity and estate planning.  Sydney Holland is Redstone’s 44 year old former live in girl friend who was mentioned in the Vanity Fair article about him.

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2 Broke Girls

sumner-redstoneSumner Redstone is the divorced, 92 year old billionaire who owns a controlling interest in both CBS and Viacom.  His relationships with two much younger women were profiled in Vanity Fair earlier this year.  Since the publication of the article, and likely because of it, he has severed his contacts with both women.  

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Boxing for Dollars

duboseSamuel Dubose was the Cincinnatian who was shot and killed by a University of Cincinnati police officer after being stopped off campus for not having a front license plate (a “chicken shit” stop in the words of the county prosecutor).  He is survived by his mother, father, and 11 children from various mothers.  

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Maraschino Marijuana

cherry1Arthur Mondella was the high living, third generation owner of a Brooklyn maraschino cherry family business.  When his business was being investigated for illegally dumping cherry juice onto the streets, investigators found a large marijuana grow room.  He then locked himself in his private bathroom and shot himself.

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Money Play

shele-covlinon New Year’s Eve in 2009.  The estranged couple was in the midst of divorce when Shele Covlin was found dead in a bathtub.  An autopsy revealed she had been strangled.  Ms. Covlin reportedly feared for her safety and had an appointment with an attorney to change her will the next day according to court filings.  Since her death, her husband, an unemployed backgammon expert, has been blocked from receiving any of her $1.0 million estate.  She changed the beneficiaries of her $1.6 million insurance policy to her children the month before she died.

There are a litany of estate planning issues, but let’s focus on the major ones:

1.  Changing a will and other documents during a divorce proceeding is always advisable if not prohibited by agreements between the parties or the domestic relations court.

2.  Simply changing a will can allow the other spouse to inherit up to one third of the probate estate if the spouse elects to take the elective share provided by statute.  Transferring the assets to a trust would be a more effective means of disinheriting a divorcing spouse.

3.  If convicted of murder, the husband will lose all benefits to his deceased wife’s estate under NY’s Slayer Statute.

4.  Am I the only one who doubts that Shele Covlin had an appointment on New Year’s Day to change her estate plan? The day after perhaps, but not on New Year’s Day.

 

 

 

 

Grandma Murders, Grandkids Inherit Millions (Pt. 2)

Fontainebleau-Miami-Beach Ben Novack was the son of the builder of Miami’s Fountainebleu Hotel.  Both he and his 86 year old mother were murdered at the behest of his wife of 18 years, a former stripper, within 3 weeks of each other in 2009 to collect his $10 million estate.  His wife was convicted of his murder in 2012 and is now serving life in prison.  

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Khloe and Lamar (Update)

khloe-kardashian-lamar-odom-divorce-relationship-news-update-2014At the risk of turning this blog into TMZ-lite or another gossip site, Khloe Kardashian and Lamar Odom have called off their pending divorce. Lamar has recovered enough from his cocaine and Viagra induced coma that he is now in physical therapy.

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Coma and Lamar

Lamar_KhloeLamar Odom remains in a coma in Las Vegas after being found unconscious in a Nevada brothel after going on a weekend bender with cocaine and herbal viagra. His estranged wife, Khloe Kardashian, is reportedly making his medical decisions for him even though they separated two years ago and signed their divorce papers in July.  Los Angeles divorce courts have a four month backlog of divorce cases.

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Contact Me

All Posts By Jay Brinker

I am an attorney located in Cincinnati, Ohio who practices in the areas of estate planning, probate, asset protection, and small business advice. I make a difficult and bewildering process as simple as possible. Most importantly, I provide "more for less" for my clients.