Share
Getting your Trinity Audio player ready...
|
The ongoing legal battle over the estate of Senator Dianne Feinstein’s late husband, Richard Blum, has put the spotlight on Feinstein’s only daughter, Katherine. The former San Francisco Superior Court judge alleges that her stepfather’s trustees were improperly appointed and are conspiring to increase the inheritance of her stepsisters at her expense.
Katherine Feinstein, who is at odds with her stepsisters, accuses the trustees of financial elder abuse for not making annual payments due to the senator or reimbursing her medical bills.
The Heirs
Richard Blum’s fortune, estimated to exceed $1 billion, is largely set to be inherited by his three daughters from a previous marriage — Annette, Heidi, and Eileen Blum. Katherine Feinstein alleges that the trustees have wrongfully paid off debts or gifted money to Blum’s daughters while refusing to pay millions owed to Feinstein from her late husband’s estate.
The Trustees and Dispute
The two main trustees, Michael Klein and Marc Scholvinck, were long-time business associates of Blum. They argue that Senator Feinstein, whose net worth they estimate to be over $50 million, does not need the payments due to her other income. They also deny Katherine Feinstein’s claim of having power of attorney over her mother.
The Beach House
Katherine Feinstein’s husband, Mariano, a Bay Area real estate investor and former employee of Blum’s firm, is also embroiled in the dispute over a beach house worth an estimated $5.6 million.
Read more at Politico.
RELATED TOPICS:
Trump Says He Will Order Voter ID Requirement for Every Vote
16 hours ago
Greta Thunberg Joins Flotilla Heading for Gaza With Aid
16 hours ago
Chicago Mayor Says Police Will Not Aid Federal Troops or Agents
16 hours ago
Post-War Gaza Plan Sees Relocation of Population, ‘Digital Token’ for Palestinian Land: Washington Post
16 hours ago
Labor Day Quiz: Do You Know What a Knocker-Upper Is?
16 hours ago
Judge Blocks Pillar of Trump’s Mass Deportation Campaign
1 day ago
Visalia Driver Arrested for DUI After Multiple Crashes and Pedestrian Injured
2 days ago
Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest
15 hours ago
Categories

Fresno County Garnet Fire Grows to 18,748 Acres in Sierra National Forest

Israel Pounds Gaza City Suburbs, Netanyahu to Convene Security Cabinet

Trump Says He Will Order Voter ID Requirement for Every Vote

Greta Thunberg Joins Flotilla Heading for Gaza With Aid

Chicago Mayor Says Police Will Not Aid Federal Troops or Agents

Post-War Gaza Plan Sees Relocation of Population, ‘Digital Token’ for Palestinian Land: Washington Post
