Bobbi Kristina Brown, the daughter and only heiress of late singing icon Whitney Houston, died at the age of 22 on July 26, according to a report by the International Business Times.
Bobbi Kristina was in a coma and treated for about six months after being found unconscious in a bathtub at her home in Roswell, Georgia. During this time, her large inheritance from her mother became the center of speculation. According to the New York Daily News, Whitney Houston’s will states that in the event of her daughter’s death, Bobbi Kristina’s grandmother and two uncles would inherit the fortune. Whitney Houston’s will didn’t include Bobbi Kristina’s father, Bobby Brown, after the ex-couple’s divorce in 2007.
At one point, Bobbi Kristina Brown’s boyfriend, Nick Gordon, was also believed to be the next in line to receive her fortune. Bobbi Kristina and Nick claimed that they had married in 2014, but Bobbi Kristina’s father said no marriage records exist. While she was in a coma, a judge granted her father and her aunt as co-guardians over her, but the financial situation was not mentioned at that time.
A survey among 750 individuals with investible assets of at least $1 million revealed that 38% of the affluent in the country have failed to establish an estate plan, CNBC reported on June 29.
The study showed that wealthy families with estate worth between $1 million and $5 million were less likely to plan for their financial future compared to those with assets reaching $5 million or more. Democrats and independents were also less likely to seek financial advice for their estate needs.
Experts believe that the reluctance of many wealthy families to plan for their estates lies on the ever-changing federal-estate tax law, which was only made permanent in 2013. Because of the changes, many affluent families have grown weary of keeping their estate documents up-to-date.
However, planning for your estate should never be an exhausting, endless legal task. Our team of Chicago probate attorneys at Peck Ritchey, LLC, can help you draft an accurate and compliant estate plan. Call us at (855) 328-5787 and start securing the financial future of your family today.
The sons of Hollywood icon Audrey Hepburn are reportedly embroiled in an estate battle against each other over a storage locker filled with their mother’s mementos – from jewelry and hats, to awards and photographs, Inquisitr reported on May 27.
According to the report, the Breakfast at Tiffany’s star wrote a will that granted her two sons, Sean Ferrer and Luca Dotti, ownership over the contents of the locker. However, the two were not able to divide up the memorabilia on their own, as Heburn’s will did not specify which son would keep which items.
Sean and Luca were the late star’s only children from two different marriages.
Preparing your estate could be a very difficult and confusing endeavor without the help of a probate attorney who can help you ensure that your will is as clear and unambiguous as possible. Consult with our Chicago-based legal team at Peck Ritchey, LLC, by calling (855) 328-5787 today.
The widow of Johanan Vigoda, Stevie Wonder’s long-time lawyer, has sued Wonder and five other defendants for breaching an agreement that entitles Vigoda’s widow and heirs to receive royalty fees from the musician, The Courthouse News Service reported on February 27.
In a suit filed by Susan Strack, she said that his late husband helped the singer-songwriter have the most profitable deals in the industry, which granted him a 6% share on royalty payments forever. She added that she continued receiving royalties for about 20 months after Vigoda passed away. However, in mid-2013, Strack said Wonder concluded the deal and instructed all music companies to halt paying Strack and Vigoda’s estate.
Strack is seeking to recover payments entitled to her, plus compensation for damages.
When facing estate issues like this, a probate lawyer can fight to protect your rights and interests. If you need legal representation in Chicago, speak with our legal team at Peck Ritchey, LLC, by calling our offices at (855) 328-5787 today.
After a one week recess, the Sterling probate trial that will decide the future of Los Angeles Clippers resumed on July 21, USA Today reported.
Donald Sterling’s estranged wife, Shelly Sterling, seems to have the upper hand in the trial after the judge decided not to reject the testimonies of the two doctors who stated that Donald Sterling was mentally unfit to continue serving the Sterling Family Trust as a co-trustee. If the court agrees with this assessment, it would give his estranged wife sole authority to sell the basketball franchise.
The judge also did not allow Donald Sterling’s lawyers to call Shelly Sterling’s attorneys to the witness stand, where they hoped to frame the lawyers and Shelly as creators of a plot to oust Donald from the trust.
Trust litigation is a complex legal process that may affect you and your loved one’s futures. If you need effective legal representation during probate and trust litigation in Chicago, consult with an attorney at Peck Ritchey, LLC. Call our offices at 855-328-5787 today to learn how we may represent you.
An arrangement between Mickey Rooney’s ex and the executor of his will has prevented a legal dispute over the actor’s remains, according to a report by CNN on Friday, April 11.
The agreement between the actor’s estranged wife, Jan Rooney, and the executor of his will, Michael Augustine, determined Rooney’s final resting place to be at the Hollywood Forever cemetery. The agreement also bars Chris Aber, the actor’s estranged stepson, from attending the service.
Mickey Rooney’s estate totaled at just $18,000, all of which will be left to his stepson Mark Rooney.
If you are facing matters involving interpretation of a will, or are planning to seek legal help in administering trusts and guardianships in Chicago, a lawyer from Peck Ritchey, LLC, might be able to help you. Call us at (855) 328-5787 for a free, no-obligations assessment of your situation.