More fireworks for the Gary Coleman Estate

The Probate Lawyer Blog posed the question a few days ago:  Will there be a fight over Gary Coleman’s estate ?  It looks like we have an answer — a resounding “Yes!”. And it all centers around Gary Coleman’s final wishes.  The 1999 will has been released.  You can download Gary Coleman’s Will (courtesy of TMZ). It’s very brief (all of a page and a half), and it appoints his friend Dion Mial as executor and directs that all of his assets be turned over to a trust he created called the Millennium Edge Trust. It also states that he should be cremated and that only those with no “financial ties” to him be invited to his wake.  Coleman wants them to ”look each other in the eyes and say they really cared personally for Gary Coleman.”  And no members of the press are invited! Based on this language, ex-wife Shannon Price may not be included.  It sure looks like she has financial ties to him — at least, if she has anything to say about it. She says that Coleman hand wrote a new will (or more specifically, a codicil) in 2007 that left her everything. There are only two problems with this.  For one, Utah law (where Coleman lived when he passed) provides that wills and other instruments (meaning trusts, beneficiary designations, etc.) naming a divorced spouse are null and void, unless they were written after the divorce was final.  So a 2007 will or codicil wouldn’t help Price, who was divorced from Coleman later than 2007. The second reason is that former Diff’rent Strokes co-star Todd Bridges says he has a different will — a secret will no less — that spells out what Coleman really wanted.  It doesn’t appear to favor Price, and Bridges says it certainly doesn’t name Coleman’s parents (from whom Coleman was estranged because they stole money from his trust fund — according a court of law that ruled in favor of Coleman after he sued his parents). Bridges also says that he believes Coleman is entitled to a handsome pension from his acting days, just like Bridges gets, and that Coleman did not make arrangements for Shannon Price to receive this money. So does Shannon Price have any financial ties to Coleman?  According to the executor, Mial, she sure does.  He accuses Price of selling death-bed photographs of Coleman, from the hospital, to Globe Magazine.  He also says she was raiding his home of personal property. Price at first denied selling the pictures, but a spokesperson later backed off, admitting she really needed money. Price also vows to fight for the handwritten will and for her claim in the Coleman Estate. And she plans to spread his ashes on a train track, because he loved trains.  We doubt Mial, the estate executor, will let that happen, because he’s in charge of Coleman’s final arrangements.  At least, he is in charge until the “secret will” is filed with probate. All this drama and we’re only a week and a half past the day Coleman died.  What’s going to happen next week? Celebrity estate battles seem to be growing in frequency.  While they are interesting to read about, they can also be educational and help your family avoid fighting in probate court like the celebrities’ heirs.  Want to find out how?  Trial & Heirs can help. By Andrew W. Mayoras and Danielle B. Mayoras, co-authors of Trial & Heirs: Famous Fortune Fights! and husband-and-wife legacy expert attorneys.  As educators across the United States through speaking engagements, print, broadcast, and social media, Danielle and Andrew consistently draw rave reviews and are in high demand.   Email them at contact@trialandheirs.com .

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More fireworks for the Gary Coleman Estate

L’Oreal fortune fight leads to interesting criminal case

It's been almost a year since The Probate Lawyer Blog featured a story on the court battle over whether the heiress to the L'Oreal fortune has been a victim of fraud and exploitation.  87-year old Liliane Bettencourt has been called Europe's richest woman.  In the article I wrote last December , I explained how Bettencourt's daughter, Francois Bettencourt Meyers, sued to prove that a celebrity photographer had received gifts from the elder Bettencourt of more than one billion dollars by preying on her mental frailty.  The gift recipient, Francois-Marie Banier, and Bettencourt said she was competent and made the gifts of her own free will because they were dear friends.  And yes, they said, it's a lot of money, but considering her fortune has been recently valued at $13 billion (U.S. value) by Forbes, it's not that much money.  (Anyone buy that?) I had suggested last year that I found it odd that Meyers hadn't started a guardianship proceeding to have her mother declared legally incompetent.  Well, now she has tried that, but the effort failed because Bettencourt refused to submit to a medical evaluation of her mental state, even though a doctor who reviewed her medical records apparently felt she needed a guardian (that doctor's report is what Meyers relied on for her guardianship filing). Now, Meyers has tried a different path.  She's asked for permission to criminally prosecute Banier.  France, unlike the United States, allows for private citizens to prosecute someone, but only if the judge allows it.  A few days ago, the French judge ruled that Meyers could proceed with the prosecution.  This means that not only would Banier face losing the gifts worth more than a billion dollars, but up to three years in prison as well, if Meyers' efforts are successful.  Plus, the judge has ordered Bettencourt to undergo a medical review before March 10th.  This may give Meyers grounds to reopen the guardianship request. Sadly, the legal battle has exposed a rift between Meyers and her mother.  Reportedly, the two don't see each other except in passing during meetings at L'Oreal (both are directors of the corporation).  Meyers wrote her mother a letter explaining that she was acting out of love, but Bettencourt feels betrayed.  Obviously, it wasn't an easy decision for Meyers.  Stay silent and watch her mother give away billions, or go to court and alienate her mother.  On the other hand, if Bettencourt truly did give away the property while she was competent, then her daughter may simply be butting in and embarrassing her mother without sufficient cause. It's never an easy situation for anyone who suspects a loved one is being taken advantage of.  Anyone in that predicament should consider speaking with an experienced guardianship attorney .  It's important to know your legal rights and seek expert advice to find out when court may be the right choice for your family. Posted by:  Author and probate attorney Andrew W. Mayoras, co-author of Trial & Heirs :  Famous Fortune Fights! and co-founder and shareholder of  The Center for Probate Litigation and  The Center for Elder Law   in metro-Detroit, Michigan, which concentrate in probate litigation, estate planning, and elder law.  You can email him at blog @ trialandheirs.com.

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L’Oreal fortune fight leads to interesting criminal case

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