John Robert “Bob” Bonner, 72, had died without a valid will in the spring of 2005 and left a fortune of millions of dollars. Bonner, an only child who was never married and childless, had been dead weeks at his home in the Gardens of Oak Hollow development before anyone noticed.
Bonner’s maternal aunt, who in January 2006 was ruled his sole heir.
Now allegations that her troubled granddaughter who effected the heirship has been bleeding her fortune and the Bonner estate of hundreds of thousands of dollars for personal benefit.
Michelle Valicek, a San Antonio criminal defense and family lawyer, eventually took over the administration of the Bonner estate in 2006 on behalf of her grandmother, Margaret Lorenz, 94, an aging but drifting beauty whose estate she also oversaw.
A judge stripped Valicek of these responsibilities after allegations of elderly abuse surfaced this spring in the form of a Texas Adult Protective Services investigation that was revealed in a letter to the court asking that a guardian be appointed for Lorenz. One was.
The allegations state that Valicek had taken out credit cards in Lorenz’s name, gifted $150,000 to other family members and had engaged in “exploitations” against Lorenz’s investments, “in excess of $400,000.
A court investigator wrote in a report to the court that one of the estate’s bank accounts that had $475,000 last July was depleted to $121,000 recently and that Valicek was spending at a rate of $25,000 a month off the Bonner fortune.
According to an inventory prepared for the court, Valicek used money from either the Bonner estate or her grandmother to purchase a $25,000 Lexus, a $13,500 Steinway baby grand piano, a pool table, a mansion, another house where her mother apparently was living, and to pay $20,000 in back child support for her younger brother.
The probe is ongoing. Valicek has invoked her Fifth Amendment right against self-incrimination in recent hearings. She faces the loss of her law license and the loss of her freedom.
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