Exploitation Feed

Should Caregiver of Mr. Cub, Ernie Banks, Inherit His Fortune?

Widely beloved throughout the world of baseball, especially in Chicago, Ernie Banks -- a/k/a Mr. Cub -- rose from humble beginnings.  He began his career earning seven dollars a day in the Negro Leagues, before crossing the color barrier and becoming the Chicago Cubs’ most popular player ever.  Ernie Banks

After his playing career, Banks has been widely respected as a positive role model in baseball and beyond.  He continued to break new ground, becoming the first African-American Ford Motor Company dealer ever and being actively involved in charity work throughout his life after baseball.  In 2013, President Obama awarded Banks the National Congressional Medal of Honor.

Ernie Banks died on January 23rd at age 83 from a heart condition.  Interestingly, his death certificate listed dementia as a "significant condition contributing" to his death.  Why is this important?

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Celebrity Legacies: The Anna Nicole Smith Estate Battle

So how long exactly does it take to resolve the dispute over the estate of an 89-year old Texas oil tycoon who married a 26-year old stripper and Playboy Playmate?  Shouldn't the case end when both the stripper (Anna Nicole Smith) and her "step-son" (Pierce Marshall, who was 27 years older than she was) die?  Anna_Nicole_Smith

And is this really important enough to be heard by the United States Supreme Court, not once, but twice?

This is installment #3 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts.  See other articles in the series here.

While we monitor, write about, and provide commentary for media outlets around the country about many complicated celebrity estates, this one takes the prize.  We call it "The Grand-Daddy Of All Estate Battles."  We've written several articles about this case so far, which you can read here.

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Casey Kasem Is Missing: Could This Happen To Your Family?

Casey Kasem — the legendary voice of American Top 40 Countdown and numerous cartoon characters — has been kidnapped by his own wife while he suffers from advanced dementia, according to Kasem’s daughter, Kerri Kasem.   Casey’s wife, Jean Kasem, is accused of secreting away the 82-year old former DJ, in a move that could jeopardize his health, safety, and well-being.  Kerri told a California judge and various media outlets that her step-mother had fled the state with her husband of 30 years, in an attempt to avoid a Judge’s ruling about who would be Casey’s new conservator.  Casey Kasem

The ruling was made on Monday, after a long family feud over the care and control of Casey Kasem.  During the Monday court hearing, Kerri and her attorney obtained a temporary conservatorship over her father so that she can begin making decisions for him, such as where he lives, who he sees, and managing his medical care.  Unfortunately, she won’t be able to actually make any of these decisions — or even see her father — while he is missing.

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Mickey Rooney's Estate Finds Peace, But Will It Last?

A mere five days after the Hollywood acting legend passed away in his sleep at the age of 93, the family of Mickey Rooney was set to appear in a Los Angeles courtroom to fight over where he should be buried. Just hours before the court hearing, the estate reached a settlement — hopefully putting an end to the troubling feud that surrounded Rooney’s family the last few years.  Mickey_rooney_2000-300x267

On one hand, Rooney’s family fight should not be viewed as surprising. What else would be expected when a Hollywood icon dies with a new will disinheriting all nine of his children (from eight different marriages), his wife, and all of his grandchildren and great-grandchildren? But a closer look shows how this family feud was far from the typical inheritance squabble we often see when famous people die.

Mickey Rooney‘s estate is reported to be worth a mere $18,000 at this point. While his successful acting career spanned more than 80 years, most of Rooney’s starring roles occurred during the movie industry’s “old studio system.” So Rooney’s estate is not in line to receive much in the way of royalties, despite the fact he was the highest-paid actor of the late 1930′s to early 40′s.

 

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Casey Kasem’s Children and Wife Locked In Fight Over Conservatorship

For many years, kids across America listened to Casey Kasem, both as the legendary host of American Top 40 and as the voice to many cartoon characters including Shaggy of Scooby-Doo fame and Batman-sidekick Robin from Super Friends.  But now, his own kids say they don’t even get to listen to him — or even see him for that matter.  And it’s led to an ugly family feud in court.  Casey-Kasem

The 81-year old Casey Kasem suffers from advanced Parkinson’s disease and is essentially bedridden.  He cannot walk without assistance and may have diminished mental capacity.  His wife of more than 30 years, Jean, has barred Kasem’s children from his first marriage, and other friends and family members (such as his younger brother) from visiting or speaking with Kasem.

In order to pressure Jean to allow them to see Kasem, daughters Kerri Kasem and Julie Kasem, with more than a dozen friends and family members, held a protest in front of the Kasem home.  When that failed to convince Jean to change her mind, the daughters filed for conservatorship, in California.  A conservatorship court proceeding (called guardianship in some states) seeks to have an individual appointed to make decisions for someone who is not able to make proper decisions for himself, usually due to a medical condition like Alzheimer’s disease, dementia, or Parkinson’s disease.

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Release Of Anthony Marshall, Brooke Astor's Son, From Prison Is An Insult

The New York Department of Corrections decided recently to release Anthony Marshall from prison, only eight weeks into his one-to-three year prison sentence for committing fraud and a host of other crimes in taking advantage of his elderly mother, Brooke Astor.  Given how few crimes of financial exploitation of the elderly are actually prosecuted, it's a sad message to send.  Anthony-Marshall-2013

The New York District Attorney's office spent six months in trial and many millions to prosecute Anthony Marshall and his accomplice, attorney Francis X. Morrissey Jr., in 2009.  Facing enormous odds trying to prove an 85-year old multi-millionaire illegally exploited his mother, they secured a conviction for 14 counts out of 16, for financial exploitation, fraud, and a host of related crimes.

Immediately, Marshall began raising legal challenges and appeals pleading poor health and his advanced age as a reason to avoid the consequences of his crime.  Judge after judge rejected each one, finally landing the criminal in jail on June 21st.

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Anna Nicole Smith's Case Makes A Comeback

It’s now, officially, the Estate Fight That Refuses To Die!  The quest for money started by Anna Nicole Smith — the former Playboy Playmate, stripper, TV reality star, and the true love of 89-year old Texas oil tycoon, J. Howard Marshall — is not over.  Despite almost 18 years of litigation, two trips to the United States Supreme Court, and untold millions of dollars spent on legal fees, the Anna Nicole Smith case lives on.   Anna Nicole Smith

Anna Nicole Smith (a/k/a Vickie Lynn Marshall) sued after her elderly husband died, following their 14-month marriage.  She was not happy being left out of his massive ($1.6 billion) estate.  She blamed one of his sons, Pierce Marshall, who inherited everything.

The probate case started in Louisiana and then moved to Texas.  Smith sued there, but was forced to file bankruptcy in California.  When she did, Pierce sued her, filing a claim in bankruptcy court.  He claimed Smith defamed him by telling the media he committed fraud in managing his father’s estate. Smith counter-sued, alleging he really did commit fraud.  She also requested millions of dollars based on what, she claimed, J. Howard would have given her if Pierce had not wrongly interfered and stopped it.

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