Do you know a family who is arguing over an estate after a loved one has passed away? Whether it’s someone facing a possible probate court battle, wondering about contesting a will, or confused over how a family trust is being handled, finding an early solution before fighting erupts is critical.
Through the years, Danielle and Andy Mayoras have worked with too many families embroiled in estate and probate conflicts to count. As a result, they’ve started a new project based on their commitment to help families find resolutions outside of probate court and without spending money on attorneys.
Danielle and Andy are authors of Trial & Heirs: Famous Fortune Fights!, which uses true stories of celebrity estate errors to teach people how to protect their heirs. As Forbes contributors, Danielle and Andy regularly analyze celebrity stories to provide lessons for families across the country.
The husband-and-wife duo now wants to combine their legal expertise to help select families even more. Danielle is an estate planning and elder law Read more...
Bill Davidson, the late owner of the Detroit Pistons, Tampa Bay Lightning, and Guardian Industries — one of the country’s largest private companies — had a reputation for being aggressive. The Pistons aggressively built two championship teams under his watch and was inducted into the NBA’s Hall of Fame in 2008. His businesses thrived through his management. But the IRS now says Bill Davidson was too aggressive in his tax-reducing estate planning techniques.
The IRS recently filed a petition in US Tax Court in Washington, D.C., claiming that Bill Davidson Estate owes up to two billion dollars in taxes. Yes, that’s two Billion — with a capital “B”. How could any individual rack up such a large tax bill?
Davidson, like many wealthy people who worry about estate taxes, gave away assets through gifts, trusts, and other transfers to his wife and other family members. The IRS says that he undervalued the worth of these assets. They feel his reported net worth of around $3 billion was really much Read more...
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 (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.
Anna Nicole Smith Case
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 Read more...