The Infamous Recluse and his Multitude of “Laughing” Heirs

Similar to the debacle we saw play out with respect to Prince’s estate, Howard Hughes’ death without a Last Will also engendered wild claims to his fortune and extensive litigation, the last of which is finally nearing resolution 34 years later.  So what happened to all of Hughes’ money?  Aside from the lawyers, various cousins and other relatives (now numbering about 475) inherited his vast estate.  It was well-known that he didn’t want his estate falling into the hands of any distant relatives but without a Will, the distant cousins were his heirs under Texas law.  

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Even Will Contests are Bigger in Texas

What Houstonian could ever forget the sight of Anna Nicole Smith going into court, paparazzi crowding around her courthouse entrance, in order to challenge the Last Will and related Trust established by her late husband, J. Howard Marshall II?  Read about the tangled web created when an 89 year old billionaire marries a Playmate of the Year, and dies a year later.  The litigation followed for 2 decades.

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Today is Texas Independence Day. Remember the Alamo!

Farner & Perrin salutes our Texas heritage with a tip of the [cowboy] hat to The Alamo:

We start by recalling that on Feb 23, 1836, General Santa Anna and his army of some 6,000 arrived at San Antonio to put down the frontier rebellion. The Texian rebels withdrew to the safety of the old fortified mission known as the Alamo. Though vastly outnumbered, the Alamo’s 200 defenders – commanded by James Bowie and William Travis and including the famed frontiersman Davy Crockett – held out courageously for 13 days before the Mexican invaders finally overpowered them.

For Texans, the Battle of the Alamo became an enduring symbol of their heroic resistance to oppression and their struggle for independence, which they won later that year.

Remember the Alamo!

Digital Assets

Have you ever stopped to consider what might become of your digital assets after you are gone?  Through social networks, email, online retailers and photo sharing, we are each building substantial “digital estates.”  This article discusses three main concerns you should consider as part of your digital asset estate plan:  

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