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probate

Can the Granddaddy of all probate disputes finally be nearing an end?  Those in charge of the Anna Nicole Smith Estate certainly hope not.  Smith, also known as Vickie Lynn Marshall, battled for a share of her late husband’s multi-billion dollar estate for almost 12 years before she died.  Here’s the Probate Lawyer Blog’s discussion of the case to bring you up to speed.  Anna-Nicole-Smith-Estate-Trial-and-Heirs

To cut to the chase, Smith was broken hearted when she didn’t inherit anything from the estate or trust of J. Howard Marshall II, her late husband (who was more than 60 years older than she was).  Smith filed legal claims seeking a piece of his fortune in two different states; she lost in Texas but won in California.  Her victory was snatched away by the federal court of appeals, but she found new hope when that ruling was overturned by the United States Supreme Court in 2006.  Yes, that’s right, the highest court in our land ruled in favor of the ex-Playboy Playmate.

But, now, the three federal appellate court judges who reviewed the case ruled against her — again. 

In fact, the Ninth Circuit Court of Appeals issued a landmark decision this past Friday, declaring that the federal judge who awarded her $88 million never should have done so.

Why not?  Because a Texas judge and jury already found that Smith wasn’t entitled to any money from her dear, departed husband’s estate or trust.   This court of appeals panel ruled that the prior trial verdict in Texas took precedence and precluded the California judge from ruling differently.

If you’d like to read the entire 62-page legal decision, you can download it here.

Trust those in control of Smith’s Estate (including the infamous attorney Howard K. Stern) to appeal again.  They’ll either ask the entire Ninth Circuit Court of Appeals to review the case and/or they’ll request that the United States Supreme Court again side with Smith.

Can the Anna Nicole Smith Estate be lucky enough to revive her case in the United States Supreme Court twice?

We doubt it.  It’s hard enough getting the U.S. Supreme Court to hear a case once.  Twice?  Doesn’t happen very often, except in cases that have an important legal precedent to address.

And the circumstances surrounding the “Marshall v. Marshall” case are too bizarre, and the legal issue that the appeal is based on (having to do with the proper jurisdiction of a bankruptcy court) is too narrow, for the Smith legal team to have much chance at success this time around.

On the other hand, many legal scholars doubted that the United States Supreme Court would accept the case — and rule in Smith’s favor — the last time around, so who knows?

Either way, the case still won’t end for some time now.  It will take several months — at the very minimum — and maybe even years more to be finally resolved.  After 15 years of legal fighting, the feuding isn’t done yet!

Ahh the legal fun that can result when a 26-year old stripper sets her eyes on an 89-year old Texas oil tycoon. 

Keep in mind that while this particular legal battle is unusual in terms of length and how much is involved, court feuds involving who should inherit from an estate or trust are far more common than most people think.  Yes, even for those who pass away with modest wealth. 

The best way to minimize the chances of it happening to your family?  Good legal planning with a qualified estate planning attorney. 

By Andrew W. Mayoras and Danielle B. Mayoras, co-authors of “Trial and Heirs: Famous Fortune Fights!” and husband-and-wife legacy expert attorneys. As educators across the United States through speaking engagements, print, broadcast, and social media, Danielle and Andrew consistently draw rave reviews and are in high demand. Email them at contact@trialandheirs.com.

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Michael Jackson Estate’s record deal raises questions

March 18, 2010

The Probate Lawyer Blog featured this article about the Michael Jackson Estate several weeks ago, posing the question of whether it is ethical for estate executors to seek a 10% fee for certain business deals they reach for such a high-profile estate.  It’s especially problematic when you factor in that one of the executors was Michael Jackson’s [...]

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The Elvis Presley Conspiracy (Part III): Eliza’s journey

March 17, 2010

[This is the third of a four-part series covering the Eliza Presley case.  You can read Part I here and Part II here.]
I know, this all sounds crazy.  Elvis can’t really be alive, can he?  So he’s been in hiding for more than 30 years, without the world finding out?  How can that be?
And while [...]

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The Redd Foxx Estate mess

March 17, 2010

There was an interesting article recently in AOL News about the Redd Foxx Estate.  The successful comedian and star of Sanford and Son (whose real name was John Elroy Sanford) died October 11, 1991.  Apparently, the Estate has no assets.  Even if it did, there’s an outstanding tax bill owed that’s a bit hefty — a whopping [...]

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LA Times article about estate planning

March 17, 2010

The business section of Sunday’s Los Angeles Times featured an article called “Time to prepare your will”.  Discussing the importance of estate planning, the article included quotes from both of us.  Here’s a few selections from the article:
If you’re rich, the best estate planning advice would be to die quickly. If you’re not, the best [...]

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Motion Magazine book review of Trial & Heirs

March 2, 2010

Review of “Trial & Heirs:  Famous Fortune Fights!” by Motion Magazine, part of LegalNews.com:

Anna Nicole Smith, Ray Charles, Heath Ledger, Michael Jackson, Supreme Court Justice Warren Burger …  what do they all have in common?
They were all celebrities, they’re no longer among the living, and they all can teach us a lesson.
At least according [...]

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The Elvis Presley Conspiracy (Part I): Is Elvis Alive?

February 23, 2010

[This is the first article in a four-part series covering the Eliza Presley case.  You can read Part II here and Part III here.]
One of my favorite lines from the movie Men in Black was:
Agent Jay (Will Smith):  You do know that Elvis is dead, right?
Agent Kay (Tommie Lee Jones):  No, Elvis is not dead.  He [...]

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Kiplinger’s article: Cut the Lawyer out of your Will?

February 12, 2010

Kiplinger’s Personal Finance Magazine has an interesting article that’s coming out in the March 2010 issue, about do-it-yourself estate planning.  It was written by Jane Bennett Clark, Senior Associate Editor:
You’ve been dragging your feet for ages on writing a will and drawing up other estate-planning documents. Now, to avoid the hassle and expense of hiring a lawyer, [...]

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November 21, 2009
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Farrah Fawcett’s Trust Provides A Good Lesson

November 19, 2009

It’s been widely reported across various websites in the last couple days that Farrah Fawcett’s will has been revealed and it “shockingly” disinherited her longtime ex-boyfriend Ryan O’Neal (father to her son, Redmond).  These reports are wrong on several levels.

First, the document was her Trust, not her will.  You can read it here, courtesy of [...]

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