Probate of Prince's Estate Drags On Now two years after Prince's death, his estate remains a mess. With estimates of a value in excess of $200 million, the IRS and executor Comerica Bank don't look any closer at agreeing to a value for the estate or the amount and the timing of payment of estate taxes. Comerica and its attorneys have already been paid $5.9 million with a pending request for another $2.9 million in fees. That doesn't include fees for accountants, appraisers, attorneys for the … [Read more...] about Two years after his death, Prince’s estate remains unsettled
Michael Jackson’s Estate Sues ABC and Disney
Michael Jackson's estate has sued Disney and ABC alleging that they have violated numerous copyrights owned by the estate in the making and airing of the ABC News documentary, The Last Days on Michael Jackson in May. The lawsuit claims that ABC featured the songs "Billie Jean," "Beat It," "Don't Stop 'Til You Get Enough," and several other Jackson songs during the documentary without permission. It also claims the documentary included music video, footage of the live performances of the … [Read more...] about Michael Jackson’s Estate Sues ABC and Disney
Tips for Reducing the Likelihood of Disputes Over Your Estate
Ideally, your estate plan should allow for the orderly distribution of your estate, according to your wishes, after your death. When everything goes as planned, the probate administration process can be an emotional, and time-consuming, process. When things don’t go as planned, probate can turn into a costly nightmare for everyone involved. Although there is no guaranteed method of avoiding probate litigation, the Riverside probate attorneys at Sandoval Legacy Group, A Professional Law … [Read more...] about Tips for Reducing the Likelihood of Disputes Over Your Estate
Battle Over Rights to Charles Manson “Murderabilia” Heats Up in California
When a celebrity dies, it is hardly unusual to hear about potential heirs lining up to stake their claims to the fortune left behind. The estates of Anna Nicole Smith, James Brown, Jimi Hendrix, and Prince, for example, were held up for years (with some still being litigated) as potential heirs battled each other. It may, however, come as a surprise that a similar court battle is brewing over the rights to Charles Manson’s estate. After all, why would anyone want to inherit the estate of a … [Read more...] about Battle Over Rights to Charles Manson “Murderabilia” Heats Up in California
What to Expect from Probate Litigation
Probate is the legal process typically required after an individual’s death to settle and distribute the decedent’s estate. The probate process can be costly and complicated even without disputes; however, when a dispute turns into litigation, it can wreak havoc with the administration of the estate. The Riverside probate litigation lawyers at Sandoval Legacy Group, A Professional Law Corporation explain what to expect if you find yourself involved in probate litigation. Probate Basics Most … [Read more...] about What to Expect from Probate Litigation
Artist Thomas Kinkade Estate Dispute Tells Instructive Tale
As Riverside probate litigation attorneys, we often find that highly publicized Will and trust contests that involve famous people can be very instructive to the general public. With this in mind, there was a situation that unfolded a number of years ago that garnered a lot of attention in the media and within the estate planning community. We recently published a blog post about the different types of Wills that exist, and this case definitely underscores the risky nature of what are known as … [Read more...] about Artist Thomas Kinkade Estate Dispute Tells Instructive Tale
Riverside Estate Planning Attorney Confirms TD Bank Study About Estate Planning
A study conducted by TD Bank found that estate tax was not the biggest concern among America's estate planners -- family drama was. The study showed 44% of estate planning professionals cited family fights as the biggest threat to estate planning in 2018. Only 25% of estate planning professional cited tax reform as a problem and 12% expressed a concern about the economy and market volatility. Riverside estate planning attorney Dennis M. Sandoval weighs in with this personal experience . . . In … [Read more...] about Riverside Estate Planning Attorney Confirms TD Bank Study About Estate Planning
