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Posts tagged "Probate and Estate Administration"

Dispute over late performer's estate continues among her heirs

When Nevadans lose a loved one, it is difficult in an emotional and personal way. This can be made more complicated if there are disputes among loved ones as to how the assets will be distributed. Even those who have done due diligence with comprehensive estate planning might make mistakes. If the person died intestate or had several documents that could be considered part of an estate plan, it is harder to untangle. For the wealthy and famous, this frequently plays out publicly.

Reports say Anderson Cooper set to inherit $1.5 million

Nevada fans of CNN anchor Anderson Cooper may be interested to learn that he is set to inherit less than $1.5 million following the death of his mother, Gloria Vanderbilt. According to report, it was speculated that Cooper could have received a sizable estate based on online reports that estimated her net worth.

Tom Petty's widow and daughters battle over his estate

Music fans in Nevada who were saddened when Tom Petty died of a drug overdose in 2017 may be surprised to learn that his widow and two daughters are embroiled in a bitter legal dispute over his estate. Petty's daughters have accused his widow of gross mismanagement over her handling of the Thomas Early Petty Living Trust. His widow has called their behavior erratic and abusive.

Carrie Fisher's executor asks to distribute assets

Movie buffs in Nevada remember Carrie Fisher from her roles in Star Wars and other memorable movies. According to Fisher's executor, her estate is worth $6.8 million, and he asked that the estate become part of the Carrie Fisher Living Trust. Her executor is the trustee while her daughter is the beneficiary of the trust. The estate had a variety of items, including a car, collectible pieces and publicity rights.

Surviving the Nevada probate process

Prince's siblings are in a dispute with the bank handling the late singer's estate and have filed a petition to limit the bank's powers. They say that Comerica Bank & Trust has wasted millions of dollars, and they want more control over how Prince's estate is handled. The two parties have butted heads since 2017 when a court appointed Comerica Bank & Trust to administer the estate.

Common mistakes executors of wills should avoid

When a Nevada resident is appointed an executor of a family member's will, it may seem like the to-do list is endless. Most of the time attorneys and a team of advisors, including insurance experts and accountants, are involved. They are helpful in prioritizing tasks that need to be accomplished.

Tom Petty's widow in probate battle with his daughter

Nevada fans of late singer Tom Petty may be surprised to learn about news of ongoing family drama concerning his estate. Petty's widow is in a probate battle with the singer's daughter. It's a fight that could also affect the release of future albums from the "I Won't Back Down" singer's catalog. Petty's widow filed a petition in a Los Angeles probate court alleging that the late singer's daughter has attempted to take control of his estate.

Nevada executors may have to search for assets

One of the duties of an estate executor is to make a list of the estate's assets. In some cases, this is relatively easy because the estate owner created a list prior to death and left it in a place that was easy to find. However, this is often not the case, and the executor must go looking for the needed information.

Luke Perry had the foresight to create an estate plan

People in Nevada have likely heard of the death of actor Luke Perry. Perry died at age 52 after he suffered a massive stroke. He was placed on life support for one week, and his family made the decision to remove life support after he suffered a second stroke because it was clear that he would not recover.

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