Showing posts with label Fight over Estate fees. Show all posts
Showing posts with label Fight over Estate fees. Show all posts

Wednesday, July 26, 2017

Fred Thompson Estate Fee Fight Heats Up

By Walter F. Roche Jr.

The battle over legal fees being sought from the estate of the late Fred Thompson is heating back up with a series of actions in Davidson Probate Court this week.

In papers filed Wednesday, Jeri Thompson, the widow of the late actor and U.S. Senator, hired a new lawyer who promptly issued a subpoena and deposition notice to Charles Trost, the Nashville, Tenn. attorney whose firm's fees are in dispute.

The new attorney representing Jeri Thompson is John P. Konvalinka, a Chattanooga based attorney, court records show.

The subpoena requires Trost to appear for a deposition on July 21 at the offices of Neal and Harwell, which also has represented Thompson's estate.

Though the issue was put on hold months ago, Jeri Thompson has questioned some $14,000 billed by Trost's firm, Waller Lansden Dortch and Davis for estate work done in the weeks before the late presidential candidate passed away on Nov. 1, 2015.

In one filing she termed the fee request,"inappropriate, improper and not a valid claim."

The effort by the Waller firm to update Thompson's will and estate plans was an apparent failure and his estate was finally opened with a will over a decade old that did not include his children from his second marriage with Jeri.

The legal fees are not the only dispute to surface in the Thompson estate. Two of Thompson's children by his first marriage intervened in the estate charging that estate assets may have been shifted just prior to the senator's death and at a time when he was not competent to approve any changes.

That suspicion was apparently triggered when the fee dispute became public.

After Jeri Thompson complied with a court order to disclose details of the estate assets and any last minute changes, the two sons dropped their claim.

Jeri Thompson stated that the only change executed just before the senator's death was an inconsequential one, involving a secondary beneficiary on a life insurance policy.

Contact: wfrochejr999@gmail.com

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Fred Thompson Estate Fee Fight Heats Up

Tuesday, August 27, 2013

Artist Robert Rauschenberg's foundation, trustees in court fight Monday over money

Captiva artist Robert Rauschenberg left his $600 million estate in the hands of three friends, including another artist, but now these trustees are suing to collect millions they say they’re owed.


Robert Rauschenberg
Darryl Pottorf, himself an artist and one of Rauschenberg’s closest friends, inherited Rauschenberg’s $3 million Captiva home upon the artist’s death in 2008. He also was named executor of Rauschenberg’s will and a trustee, charged with ensuring his late friend’s money and charitable foundation would run as planned.

Pottorf and two other trustees — Bill Goldston, who met Rauschenberg in 1969 and partnered with him for a fine-art-print publishing company, and Bennet Grutman, Rauschenberg’s accountant since 1989 — are seeking $60 million for what they call “extraordinary services” they’ve provided to Rauschenberg’s legacy, according to court documents.

A court hearing is planned Monday morning in Lee in regard to the Robert Rauschenberg Foundation’s request for a protective order and to discuss fees sought by trustees.

The history

The court battle began in Lee County in 2011, when the trio filed the lawsuit against the foundation. It has been a contentious back-and-forth between the groups, trading jabs over competency of the trustees, allegations of harassment and whether Rauschenberg actually meant for the three men to pocket millions meant for his charitable efforts.

Pottorf, who would not comment to The News-Press for this article, also filed paperwork Wednesday in a New York court, seeking additional money for handling Rauschenberg’s Manhattan property, which includes the gallery and studio where the foundation is housed, and a Mount Vernon, N.Y., property that houses some of Rauschenberg’s art.

Court documents show Pottorf, Goldston and Grutman have paid themselves $5.7 million from the trust, divided evenly at $1.9 million.

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Artist Robert Rauschenberg's foundation, trustees in court fight Monday over money