Lessons Learned Through Famous Court Cases
In 2006, Anna Nicole Smith made headings when she appealed a 9th Circuit Court of Appeals decision all the way to the U.S. Supreme Court. The well-known design and later on reality tv star made headlines when she wed billionaire J. Howard Marshall. Marshall, 62 years older than Smith, was her second hubby. Many speculated that she wed Marshall exclusively for his significant estate and wealth.
Representing Anna Nicole Smith was lawyer Howard K. Stern. Stern later made headlines when he ended up being romantically involved with his customer and was charged but not founded guilty with conspiring to help assist her drug addiction, which later led to her early death.
J. Howard Marshall, a Yale law graduate, was the icon of American success. He was an attorney, an oil executive and a business owner who amassed an estate worth $1.6 billion at his death. Marshall’s will left Smith practically absolutely nothing and left the majority of his estate to his son, E. Pierce Marshall. Claiming Marshall promised her half of his estate when he died, Anna Nicole Smith submitted a will object to in a Texas probate court. Helping her case was Marshall’s other boy, J. Howard Marshall III. Evidently, Marshall III was also disinherited and excluded of his will.
Married for only 14 months before Marshall passed away at age 90, Smith’s case concentrated on a legal objective to revoke Marshall’s written will. After reaching the U.S. Supreme Court practically 12 years after Marshall’s death, the greatest Court remanded the case to the 9th Circuit Court of Appeals.
In 2006, E. Pierce Marshall passed away at age 67. His better half took control of his will contest claim and continued the legal battle up until Anna Nicole Smith passed away in 2007. Over the next several years following Smith’s death, the legal battle continued all the method back up to the U.S. Supreme Court. Since 2011, the case was still unresolved.
What can we gain from the impressive court fight that outlived the original individuals? There are numerous lessons we can all learn, even if we are not the lucky owners of $1.6 billion estates. At the really least, we must have a company understanding of our state’s probate laws.
Although the Smith case included numerous personal bankruptcy filings, an understanding of what our state probate codes outline is necessary. There are actions that Iowa citizens can require to make certain that we reduce the chances for pricey and drawn-out probate procedures. Carrying out a valid will and memorializing intent is vital, particularly for octogenarians with large estates.