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:
Gov. Newsom Offers $50K Reward in 2022 Kings County Homicide
13 hours ago
Fresno ‘Powers Up’ the Nation’s Largest Combined Solar and Battery Storage Project
14 hours ago
Trump Admin Asserts COVID-19 Originated in Chinese Lab, Targets Fauci
15 hours ago
Vendors Back at Fresno’s Art Hop? Survey Wants to Know What You Think
15 hours ago
Iran Says Nuclear Deal Is Possible if Washington Is Realistic
15 hours ago
49ers Look to Strengthen Depleted Defense in NFL Draft
15 hours ago
Habit Burger & Grill Quietly Drops Impossible Burger From Menu
16 hours ago


Fresno County Ending ‘Squaw Valley’ Fight After Latest Court Ruling

Gov. Newsom Offers $50K Reward in 2022 Kings County Homicide

Fresno ‘Powers Up’ the Nation’s Largest Combined Solar and Battery Storage Project

Trump Admin Asserts COVID-19 Originated in Chinese Lab, Targets Fauci
