The well-known design and later reality tv star made headlines when she wed billionaire J. Howard Marshall. Marshall, 62 years older than Smith, was her second other half.
Representing Anna Nicole Smith was attorney Howard K. Stern. Stern later on made headings when he became romantically included with his client and was charged however not founded guilty with conspiring to help assist her drug addiction, which later on 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 an entrepreneur who collected an estate worth $1.6 billion at his death. Marshall’s will left Smith nearly nothing and left most of his estate to his child, E. Pierce Marshall. Claiming Marshall assured her half of his estate when he passed away, Anna Nicole Smith filed a will object to in a Texas court of probate. Assisting her case was Marshall’s other son, J. Howard Marshall III. Evidently, Marshall III was also disinherited and neglected of his will.
Married for only 14 months before Marshall died at age 90, Smith’s case concentrated on a legal mission 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 died at age 67. His wife took control of his will object to claim and continued the legal battle till Anna Nicole Smith died in 2007. Over the next several years following Smith’s death, the legal battle continued all the way back up to the U.S. Supreme Court. As of 2011, the case was still unresolved.
What can we gain from the legendary court battle that outlived the original individuals? There are several lessons we can all discover, even if we are not the fortunate owners of $1.6 billion estates. At the minimum, we must have a firm understanding of our state’s probate laws.
Although the Smith case included various bankruptcy filings, an understanding of what our state probate codes outline is crucial. There are actions that Iowa homeowners can require to ensure that we minimize the opportunities for pricey and dragged out probate treatments. Executing a legitimate will and memorializing intent is important, specifically for octogenarians with considerable estates.