When it comes to planning your estate in Lee County, Florida, you may be overwhelmed just thinking about it and for good reason too. There are a variety of different circumstances that can affect the way estate planning should be done. If all of your i’s aren’t dotted and t’s not crossed, you can leave a big mess for your beneficiaries and your estate may not be divided the way you want it to be.
This seems to be the case for a rather large estate in Texas. Two sisters appeared to have done all the right things when it comes to estate planning, setting up a number of estates, trusts and interlocking partnerships before they died. One of their beneficiaries was a daughter of one of them and niece to the other. Currently, the $150 million estate is being administered by the beneficiary’s second cousin once removed.
The beneficiary recently filed a lawsuit for control over a 1,000-acre property. The property is located in a part of the city where much growth is happening, and could be very valuable. The woman’s attorney questions the validity of documents such as wills and powers of attorney that the two sisters signed. He said that the current administrator and her husband got the women to sign 17 different documents late in their lives. Most of these were signed after one of them had suffered a stroke.
Because she stands to lose so much, the beneficiary did the right thing by hiring an attorney to go to bat for her and work toward getting her the inheritance to which she is entitled.
Source: Watchdog.org, “Texas senator: Gay embezzler threatens inheritance,” Jon Cassidy, Jan. 14, 2014