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The Controversy of Arturo Gatti's Death May Never End

Arturo-GattiArturo Gatti, the former world-champion boxer, died violently while on vacation in Brazil, in 2009.  His wife, Amanda Rodrigues Gatti, was arrested for murder, only to be released after the police ruled the death a suicide.  Now, almost four years later, Brazilian authorities have re-opened the investigation and the case may soon return to court.  

It’s the latest chapter in a long line of legal struggles that started after Arturo Gatti’s death.  Gatti’s mother, brother, and the mother of his first child have always believed that Rodrigues was responsible for his death.  Gatti was found strangled by Rodrigues’ purse strap, and she reportedly was in the room with his body for ten hours without realizing he was dead.

Rodrigues has consistently maintained that Gatti committed suicide.  She points out that autopsies have been done in both Brazil and Montreal — where the couple lived — and both determined that Gatti killed himself.

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Court Scolds SC Attorney General For Hijacking James Brown Estate

The battle over the estate of the Godfather of Soul started not long after James Brown died of heart failure and pneumonia on Christmas Day, 2006, at the age of 73.  Now, more than six years later, the South Carolina Supreme Court issued a landmark ruling that may finally lay the epic feud to rest.  

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James Brown, February 1973, Musikhalle, Hamburg (Photo credit: Wikipedia)

 

Brown left behind a detailed will and trust, dated August 1, 2000.  He wanted his personal and household effects divided between six adult children, the sum of two million dollars set aside in trust to pay for the education of his grandchildren, with the rest passing into a charitable trust.  Specifically, he directed that the majority of his assets would be used to pay education expenses and assistance to benefit poor children and young adults who attended schools in either South Carolina or Georgia.

Brown was both physically and mentally strong when he signed his estate planning documents.  His legal documents included clear instructions that he did not want anyone else to benefit, including past or future spouses, or others who may or may not be his children.  He directed his trustees to vigorously fight anyone who contested his wishes, and he considered any type of legal challenge to the validity of the documents as an affront to his wishes.

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Whitney Houston's Family Doesn't Trust Bobbi Kristina's Ability To Handle Money

Whitney Houston’s mother, Cissy Houston, and sister-in-law, Marion Houston, filed a request in court to change the terms of Whitney Houston’s will.  They want to delay when Bobbi Kristina receives her inheritance in order to protect her.   Whitney_Houston_performing_on_GMA_2009_51

The will created a “testamentary trust” for Bobbi Kristina.  What is a testamentary trust?  It’s when a will calls for money to be held in trust for one or more beneficiaries, usually so they can receive money spaced out over time instead of all at once.  It’s far from perfect, as we discuss in this article, because a testamentary trust does not avoid probate, which can be expensive, messy and very public.

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Did Artist Thomas Kinkade Change His Will While Drunk?

It’s estimated that one in twenty American homes have a Thomas Kinkade painting hanging on the walls.  The self-named “Painter of Light” turned his gift of rendering landscapes and other words of art into a tremendous commercial endeavor.  In fact, his numerous corporate holdings reportedly topped $100 million in annual sales some years, primarily due to mass reproduction of his works.   Thomas Kinkade

But the Painter of Light was not without his demons, primarily alcoholism and a failed marriage.  He died suddenly at age 54 caused by “acute intoxication” from  alcohol and Valium, on April 6, 2012.  His wife, Nanette, had filed for divorce two years before, and the couple was legally separated.  Kinkade died while living with his girlfriend of 18 months, Amy Pinto-Walsh.

The girlfriend and estranged wife began fighting almost immediately after Kinkade passed.  Pinto-Walsh was kept from the funeral and slapped with a lawsuit for breach of a confidentiality agreement.  The family wanted her to remain quiet and not share any personal details with the media.

Pinto-Walsh did not rest on her laurels.  She went to probate court to enforce two handwritten wills (called “holographic” wills) that she says Kinkade wrote for her benefit in late 2011.

These two handwritten wills are interesting, to say the least.  The first one, dated November 11, 2011, bequeaths to Pinto-Walsh the sum of $10 million dollars “from my corporate policy” and his house and property next door “for her security.”

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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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Rosa Parks' Final Wishes, Ignored for Years, Are Finally Restored

She ranks as one of the greatest civil rights icons of all time, all starting with a seemingly simple act of refusing to move from a bus seat.  Rosa Parks passed away at age 92 in 2005, living in a modest apartment in Detroit, Michigan.  Her estate was modest too. Officially valued at $372, 624 in monetary terms, but of course priceless in terms of memories and historical significance.   Rosa Parks

Her final wishes were not so modest.  She assigned all of her belongings to a charitable institute to “educate and motivate youth and adults, particularly African American persons, for self and community betterment.”   She called this the Rosa and Raymond Parks Institute for Self-Development.  She named her close friend, Elaine Steele, along with a retired Detroit judge, to oversee her estate.  She also named Elaine Steele as a prominent beneficiary, including a 90% recipient of royalties, with 10% passing to her nieces and nephews.

But Parks’ many nieces and nephews did not agree with her final will and trust, which were created in July, 1998.  They sued to challenge the estate plan, accusing Steele of using undue influence on Parks.  Steele denied it.  After the case was started, amid claims of mismanagement, the probate judge removed Steele and the other appointed executor and replaced them with two local attorneys.

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Mysteries Surround the $400 Estate of Huguette Clark

Huguette Clark was a mysterious and reclusive New York multi-millionairess who passed away on May 24, 2011, a mere two weeks short of her 105th birthday.   Huguette

Clark was the daughter, and only surviving child, of William Andrews Clark, who died in 1925 and was believed to be one of the richest Americans at the time.  He built his wealth through copper mining and served as a senator of Montana.  For many years, his daughter was thought to have died long ago.  Indeed, Huguette Clark hadn’t been seen in the Fifth Avenue apartment that she lived in (and still owned when she died) in 22 years.

Where was she all that time?  Living in a hospital room, even though she was in good health when she moved there in the late 1980s.  Watched over by a private nurse, her attorney, and an accountant — who was a convicted sex offender — Clark was said to have considered her collection of dolls to be her closest companions.  She was isolated from her family members, and the Manhattan district attorney’s office has spent months in a lengthy criminal investigation over how her attorney, Wallace Bock, and accountant, Irving Kamsler, managed her vast fortune.

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