Friday, December 30, 2011

Battles of wills doesn't pay the bills

Battles of wills doesn't pay the bills

 by: Janet Fife-Yeomans From: The Daily Telegraph December 24, 2011 12:00AM 28 comments




THEY are often the only winners when families go to war over disputed wills but the state's most expensive lawyers have been told by judges to stay off the battlefield.

As legal costs eclipse the value of some of the estates being fought over, top silks should know better than to get involved when they are not needed, however lucrative the work, judges believe.

When flautist Jane Rutter, 52, and her brother David, 51, challenged their father Barry's will after their stepsister, 25, made a claim for a greater share of his estate, the judge was scathing that the four-day hearing cost an "outrageous" $400,000 in legal bills. The estate was worth only $375,000.

In another notorious case, two daughters and a granddaughter of widow Alma Sherbourne won a $360,000 inheritance from the late 81-year-old's estate - but their legal bill was $450,000.

Professor Prue Vines last week released a study of fights over wills for the country's judges and said it wasn't that top lawyers weren't doing a good job for their clients but most disputes over wills were not complicated enough to merit the expense of hiring a Queen's Counsel or a Senior Counsel.

"It's very hard to ask someone to turn down work but judges have said to me that a silk should be able to say, 'that (case) doesn't really need me'," Professor Vines, from the University of NSW's law faculty, said. "Judges generally feel that silks have the ability and the knowledge to know when they are not necessary."

Her study for the Australian Institute of Judicial Administration found that family members sparring over the smallest amounts were willing to spend the most on lawyers. The most disproportionate costs came in cases between battling siblings, followed in second place by fights between the children of the first wife and the children of the second wife.

In one case, a 61-year-old woman claimed for the cost of a car from her late step-father's estate despite the fact neither she nor her son drove. She didn't get the car but did get $30,000. Her legal costs were $38,000. Judges have been outspoken in court when the legal costs have added up to more than one quarter of the value of the estate being fought over but Professor Vine said that some cases involved costs adding up to more than half the value of the estate.

Families are then shocked to discover they have to pay out of their own pockets because they were no longer automatically paid out of the estate, as had traditionally been the case.

Professor Vine said this was the end of the generation where parents would scrimp and save and "starve" to ensure there was something to leave to their children. Latest figures show there were 1576 disputes over wills filling the Supreme Court lists in 2009, with 512 new cases filed that year and 605 finalised. Numbers have remained high for years - in 2005 there were 655 new cases filed and 578 finalised.

It was reminiscent of Charles Dickens' Bleak House, where the fight over the inheritance went on so long that beneficiaries did not live to see the end, Professor Vines said. Costs balloon because people swear hundreds of affidavits which means longer in court time and the resulting costs.

Professor Vines suggested that people discuss their will with their family before they die and explain the decisions they are making so the bad news doesn't come as so much of a shock when they lose the inheritance lottery.

Please read complete article at link below:


http://www.dailytelegraph.com.au/news/sydney-nsw/battles-of-wills-doesnt-pay-bills/story-e6freuzi-1226229759420

Editor's note: Regarding the Estate of Alice R. Gore, deceased, a 99 year old disabled ward of the Probate Court of Cook County, Judge Kawamoto's courtroom.  The greedy parasites habituating the court raped Alice's million dollar estate before she died. There wasn't funding to bury Alice.  Lucius Verenus, Schoolmaster, ProbateSharks.com

KawamotoDragon.com

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