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<title>Vries&quot; - Toronto Estate Law Blog</title>
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<copyright>Copyright 2011</copyright>
<lastBuildDate>Thu, 14 Aug 2008 04:00:01 -0500</lastBuildDate>
<pubDate>Tue, 12 Apr 2011 14:57:46 -0500</pubDate>
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<title>&quot;I HAVE A DREAM&quot; (OR NOT) - ESTATE LITIGATION UNCHECKED</title>
<description><![CDATA[<p>The superrich likely have the market cornered when it comes to epic estate battles - Howard Hughes, J. Howard Marshall (i.e. Anna Nicole Smith), and E. Howard Hunt (of silver fame) - quickly come to mind.</p>
<p align="left" style="margin: 0in 0in 0pt">However, even the mildly famous or sainted can have their moment in the estate spotlight.&nbsp; Recently, Luciano Pavarotti's family was in the news when a dispute arose among his offspring in respect of his considerable fortune.&nbsp; They have apparently reached a settlement.</p>
<p align="left" style="margin: 0in 0in 0pt"><br />
I also read with interest a recent US newspaper article indicating that two of Martin Luther King's children had filed a lawsuit against a third regarding a dispute over the civil rights leader's estate (J. Edger Hoover would have loved it).&nbsp; Bernice King and Martin Luther King III filed a lawsuit in Atlanta in order to force their brother, Dexter King, to open the books of their famous father's estate.</p>
<p align="left" style="margin: 0in 0in 0pt"><br />
From what I understand, the lawsuit claims that Dexter King, who is the executor of his father's estate, has refused to provide his brother and sister with documents concerning the estate's administration.&nbsp; The lawsuit claims that Dexter King and the estate &quot;converted substantial funds from the estate's financial accounts&hellip;for their own use&quot;.&nbsp; The siblings were never told beforehand and are now seeking financial records and other documents in order to investigate the administration of the estate.&nbsp;</p>
<p align="left" style="margin: 0in 0in 0pt"><br />
Martin Luther King's &quot;dream&quot; seems to have stalled when it comes to sibling rivalry and the fortunes of his estate.&nbsp; However, on a more serious note, the dispute once again reminds us of the importance of transparency in the administration of an estate and open communication between executor and beneficiary.</p>
<p><span style="font-size: 11pt">Thanks for reading.&nbsp; Auf Wiedersehen</span></p>]]></description>
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<pubDate>Thu, 14 Aug 2008 04:00:01 -0500</pubDate>
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