Exploitation Feed

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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Legally Blonde Reese Witherspoon Goes To Court To Protect Father From Bigamy

One of Reese Witherspoon’s more famous roles was as the perky young attorney in Legally Blonde.  Late last week, she accompanied her parents to court in a much more somber setting.  Reese-Witherspoon

Reese Witherspoon’s father, Dr. John Draper Witherspoon, was recently married.  At least, that’s what a newspaper in Nashville, Tennessee announced.  You can read the big announcement and see the happy couple’s wedding photo here.

While John doesn’t exactly look happy in the picture, the announcement reveals that they will reside together in Nashville, following the intimate ceremony that featured cowboy boots and yellow roses, based on their Texas heritage.  The festivities took place on January 14th, and the couple plans a celebration with friends and family for the summer.

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Samsung Billionaire Accused of Stealing Millions From Late Father's Trust

The chairman of the Samsung Group, Lee Kun-hee, comes in at number 106 on Forbes’ list of the world’s top billionaires, with a reported net worth of $8.3 billion, as of March. But did he acquire some of that fortune illegally from his late father’s trust?  That’s what his brother and sister accuse him of in a recent lawsuit that is growing uglier by the day.   Samsung chairman

In February, Kun-hee’s older brother, Lee Maeng-hee, filed the suit in Seoul, South Korea. Now joined by two other family members, the lawsuit claims that when their father, Samsung Group founder Lee Byung-chull, died in 1987, he left millions of shares in Samsung Life Insurance (the world’s 14th largest insurance company) as well as preferred stock in Samsung Electronics and cash, in trust.  Specifically, he placed the asset into the name of Samsung executives for the benefit of his family.  Lee Kun-hee then wrongfully took the stock and cash and transferred it into his own name, rather than dividing it among the heirs as he was supposed to, according to the allegations.

The U.S. value of the stock is around $877 million.  If Kun-hee loses, it could potentially cause him to lose his controlling interest in the  Samsung Group, which controls dozens of companies, including Samsung Electronics.

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What Does Tupac's Hologram Mean For Other Celebrity Estates?

The music world has been buzzing ever since the surprise appearance of Tupac Shukar — well, that is, a digitally-created 3-D image of Tupac — on stage to rap at the Coachella music festival in California.  Some have described this as creepy, like seeing a ghost.  Is this going to be a new trend for celebrity estates?  Should it be?  Tupac

First, there is the issue of legality.  Was it legal for Dr. Dre and Snoop Dogg to bring Tupac’s image on stage?  Because this was a use of Tupac’s image and likeness for commercial purposes, only the holder of the “right of publicity” for Tupac could authorize it.  That right is owned by Tupac’s estate, under the control of the executor — his mother, Afeni Shakur.

Reportedly, she not only authorized it, but was thrilled with the outcome.  Dr. Dre repaid the estate for this permission with a contribution to the Tupac Amaru Shakur Foundation, which is Tupac’s charity.

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Brooke Astor Estate Settlement: Marshall Gets His Just Desserts

News broke recently about a global settlement involving the estate of Brooke Astor.    The renowned New York society queen and philanthropist, who died at age 105, left behind an estate of nearly $200 million dollars.   Brooke Astor 2

Astor’s assets — along with the $50 million charitable trust of her late husband — have been tied up since she passed in 2007.  The fighting was so extensive that it dragged in a “who’s who” of top New York City institutions, including the Metropolitan Museum of Art, Carnegie Hall, the New York Public Library, Rockefeller University, and even the United Nations, among many others.

Under Astor’s 2002 will, her only son, Anthony Marshall, stood to inherit tens of millions of dollars, with most of it slated to pass to charity after he died.  But Marshall wanted much more.  He and a lawyer,  Francis X. Morrissey, Jr., convinced the elderly Astor — when she was suffering from dementia — to sign a series of codicils to Astor’s 2002 will.  These codicils would have allowed Marshall to leave much of Astor’s fortune to whomever he wanted (specifically, his younger wife, whom Astor reportedly detested) instead of to charity.

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Etta James, Others Remind Of Need For Estate Planning in 2012

A few weeks into the new year, how many of your New Year’s resolutions have already fallen by the wayside?  Exercise more. Eat less.  Spend more quality time with family.   Etta_James

Well it’s not too late to tackle a very important resolution that up to two-thirds of adults in our country ignore — estate planning. That’s right, it’s the topic no one likes to think about, but everyone knows they should take care of … wills, trusts, powers of attorney, and more.

It doesn’t have to be intimidating! In fact, celebrity stories are a great way to break the ice to remind everyone of what they need to do.

So, with the help of some recent stories in the news, here are Trial & Heirs: New Years Estate Planning Resolutions for 2012.  (We just gave an interview discussing some of these stories, which you can watch here).

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