Steven Mignogna and Melissa Osorio Dibble recently attended the fall national meeting of The American College of Trust and Estate Counsel (ACTEC), held in Louisville, Kentucky. At the meeting, Steve and Melissa participated in the Mock Trial: “Father Knows Best
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Steven Mignogna Presented at the 2023 Delaware Trust Conference on October 18
Steven Mignogna presented at the Delaware Banker Association’s 2023 Delaware Trust Conference on October 18. The program, “Till Trusts Do Us Part: Trusts, Divorce, and Our Fiduciary and Ethical Roles,” addressed the intersection (collision) of trusts and failed marriages, including…
The “Big Man’s” Trust Dispute
The famed saxophonist of Bruce Springsteen’s E Street Band died in 2011 from a stroke. Clemons, oftentimes called the “Big Man”, established a trust to control his assets when he died. Specifically, the trust required that the rights to his…
Massachusetts Appellate Division Upholds Inclusion of GRAT in Equitable Distribution Calculation
Jones v. Jones, 103 Mass. App. Ct. 223 (2023)
This case is another chapter in ongoing interplay of trusts and divorce proceedings between husband and wife.
The wife’s mother made a variety of financial gifts and contributions throughout the years,…
Former Zappos CEO Died Intestate (Celebrity Estate Plans: Part 10)
At only 46 years old, Zappos founder Tony Hsieh tragically died in a house fire in November 2020. He did not execute a Will before he died, which led to an ongoing battle between his family and business colleagues. Specifically,…
Presley Estate Served With $3.8 Million by Creditor (Celebrity Estate Plans: Part 9)
On September 18, 2023, one month after settling a trust dispute, the Estate of Lisa Marie Presley was notified of an alleged outstanding $3.8 million loan against it. Naussany Investments & Private Lending, LLC filed a lawsuit alleging Ms. Presley,…
Statute of Limitations Not Stayed When Decedent Had Constructive Notice of Transfers
McFadden v. Pentagon Federal Credit Union, No. A-3538-20, 2023 WL 4777219 (N.J. Super. Ct. App. Div. July 27, 2023)
This case illustrates how parties must stay wary of the applicable statute of limitations. McFadden at *1. The appellant, Joseph –…
Plenary Hearing Denied When No Issue of Material Fact
In re Grompone, No. A-0563-22, 2023 WL 4926145 (N.J. Super. Ct. App. Div. August 2, 2023)
Helen Paglinawan – the sister of Marie Grompone, an incapacitated person – appealed the trial court’s approval of a consent order and the denial…
PNC Not Bound By Fiduciary Duties to Trust Beneficiaries
Harry Kuskin 2008 Irrevocable Tr. By Dworkin v. PNC Fin. Grp., Inc., No. A-1937-21, 2023 WL 4693141 (N.J. Super. Ct. App. Div. July 24, 2023)
This case focuses mainly on a bank’s immunity under the Uniform Fiduciaries Law (“UFL”). N.J.S.A.…
All in the Family: Brother’s Suit Claiming Breach of Fiduciary Duties and Unjust Enrichment Fails
Jemison v. Jemison, No. 21-1805, 2022 WL 2383611 (3d Cir. July 1, 2022)
William Jemison and Michael Jemison were officers and members of the Board of Directors for Heyco, Inc. (“Heyco”), and co-trustees and beneficiaries to the Jemison Family Trust…