The famous model and later truth tv star made headlines when she wed billionaire J. Howard Marshall. Marshall, 62 years older than Smith, was her 2nd husband.
Representing Anna Nicole Smith was lawyer Howard K. Stern. Stern later on made headings when he ended up being romantically involved with his customer and was charged but not convicted with conspiring to help aid her drug dependency, which later led to her sudden death.
J. Howard Marshall, a Yale law graduate, was the icon of American success. He was a lawyer, an oil executive and a business owner who amassed an estate worth $1.6 billion at his death. Marshall’s will left Smith nearly absolutely nothing and left the majority of his estate to his child, E. Pierce Marshall. Claiming Marshall promised her half of his estate when he passed away, Anna Nicole Smith submitted a will contest in a Texas probate court. Assisting her case was Marshall’s other child, J. Howard Marshall III. Seemingly, Marshall III was likewise disinherited and excluded of his will.
Married for only 14 months prior to Marshall died at age 90, Smith’s case focused on a legal objective to revoke Marshall’s composed 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 died at age 67. His better half took control of his will object to claim and continued the legal fight until Anna Nicole Smith died in 2007. Over the next several years following Smith’s death, the legal fight continued all the method back up to the U.S. Supreme Court. Since 2011, the case was still unresolved.
What can we find out from the epic court battle that outlasted the initial individuals? There are several lessons we can all learn, even if we are not the lucky owners of $1.6 billion estates. At least, we need to have a company understanding of our state’s probate laws.
Although the Smith case included many bankruptcy filings, an understanding of what our state probate codes outline is necessary. There are actions that Iowa citizens can take to ensure that we reduce the opportunities for pricey and dragged out probate procedures. Executing a legitimate will and memorializing intent is important, especially for octogenarians with large estates.