Friday, December 19, 2008

Estate Looting

The legal profession is not generally well regarded. A particularly heinous sub-culture surrounds the probate industry in which lawyers and select clients (wannabe heirs, disgruntled family members, etc.) use probate venues and/or estate planning instruments (wills, trusts, guardianships) to perpetrate Involuntary Redistribution of Assets (IRA) actions – or more simply put, to loot assets of the dead or disabled/incapacitated.

IRA actions found in high profile cases often parallel the looting acts perpetrated on estates of far less value. These high profile cases can establish precedents - both good and bad - that impact people at all levels of the economic spectrum. It´s important to understand these "infamous" cases as similar scenarios could play out in your life.

Full Article:
Estate Looting of the Rich and Famous (and How It Can Happen to You)

Lou Ann Anderson is an advocate working to create awareness regarding the Texas probate system and its surrounding culture ( ). She also is producer of The Lynn Woolley Show, a Texas-based talk radio program. Lou Ann may be contacted at

See also:


Anonymous said...

That's what people need to know -- that it can (and likely will) happen to them, no matter what they do to protect themselves, in reality they can't.

Anonymous said...

Yes, they can one sure way to avoid becoming a target, a victim of the estate looting hee hee hee..... SPEND IT ALL (on yourself) NOW!

Anonymous said...

Is all of this by design for job security?