I love this story of the brothers who peacefully divide up a multi-billion dollar New York real estate empire after the death of their mother. It reminds me of the TV commercial where the mother tells one son that he can cut the peanut butter sandwich in half, but the other son gets to choose… Read More »
Posts Tagged: Estate
Anthony D. Marshall, the son of Brooke Astor, was found guilty of 14 of the 16 counts against him in a case that has brought wide attention to financial elder abuse. The 85 year old Marshall faces 1 to 25 years in prison. It reminds us all that we must be very careful in our… Read More »
Two of Dr. Martin Luther King’s children are suing their brother over their father’s estate. The famous (famous for being rich) Astor family is wrapping up a 21 week prosecution of two family members for elder abuse. Rich or poor, famous or infamous, families that do not plan ahead, too often end up in court.
Eugene Arbib owned several businesses on Mackinac Island which had been in the family for three generations. Allegedly, in 1999, Eugene agreed to sell the family businesses to his children. According to the children, Eugene assured them they would receive all family money used to operate the family businesses, the residence on Mackinac Island and… Read More »