Is everyone a moron? She has NO MONEY!
From Wikipedia:
In September 2000, a Los Angeles bankruptcy judge awarded her $449,754,134. In July 2001, Houston judge Mike Wood affirmed the jury findings in the probate case by ruling that Smith was entitled to nothing and ordered Smith to pay over $1 million in fees and expenses to Pierce's legal team. The conflict between the Texas probate court and California bankruptcy court judgments forced the matter into federal court.[29]
In March 2002, a federal judge vacated the California bankruptcy court's ruling and issued a new ruling but reduced the award to $88 million. In December 2004, a three-judge panel of the U.S. 9th Circuit Court of Appeals reversed the March 2002 decision, affirming the Texas Probate jury findings that no misconduct had occurred, Smith was not one of J. Howard Marshall's heirs and that the federal courts lacked jurisdiction to overrule the probate decisions of a Texas state court.[30]
The U.S. Supreme Court decided in September 2005 to hear the appeal of that decision. The Bush administration subsequently directed the Solicitor General to intercede on Smith's behalf out of an interest to expand federal court jurisdiction over state probate disputes.[31] After months of waiting, Smith and her stepson Pierce learned of the Supreme Court's decision on May 1, 2006. The justices unanimously decided in favor of Smith; Justice Ruth Bader Ginsburg wrote the majority opinion (see Marshall v. Marshall). The decision did not give Smith a portion of her husband's estate, but affirmed her right to pursue a share of it in federal court.[32] On June 20, 2006, E. Pierce Marshall died at age 67 from an "aggressive infection". His widow, Elaine T. Marshall, now represents his estate.[33] The case has been remanded to the 9th Circuit to adjudicate the remaining appellate issues not previously resolved.
After Anna’s death the New York Times reported that the case over the Marshall fortune “is likely to continue in the name of Ms. Smith’s infant daughter.”[34]
This could drag on for years.... and even if she were to prevail, the money would most likely go to her trust fund, which she can't touch until she turns 18. And Berkhead can never touch it unless she decides to give some of it to him. By then she'll probably hate him and want nothing to do with him. So, no, Birkhead is NOT a millionaire!!!!!!!!!!
From Wikipedia:
In September 2000, a Los Angeles bankruptcy judge awarded her $449,754,134. In July 2001, Houston judge Mike Wood affirmed the jury findings in the probate case by ruling that Smith was entitled to nothing and ordered Smith to pay over $1 million in fees and expenses to Pierce's legal team. The conflict between the Texas probate court and California bankruptcy court judgments forced the matter into federal court.[29]
In March 2002, a federal judge vacated the California bankruptcy court's ruling and issued a new ruling but reduced the award to $88 million. In December 2004, a three-judge panel of the U.S. 9th Circuit Court of Appeals reversed the March 2002 decision, affirming the Texas Probate jury findings that no misconduct had occurred, Smith was not one of J. Howard Marshall's heirs and that the federal courts lacked jurisdiction to overrule the probate decisions of a Texas state court.[30]
The U.S. Supreme Court decided in September 2005 to hear the appeal of that decision. The Bush administration subsequently directed the Solicitor General to intercede on Smith's behalf out of an interest to expand federal court jurisdiction over state probate disputes.[31] After months of waiting, Smith and her stepson Pierce learned of the Supreme Court's decision on May 1, 2006. The justices unanimously decided in favor of Smith; Justice Ruth Bader Ginsburg wrote the majority opinion (see Marshall v. Marshall). The decision did not give Smith a portion of her husband's estate, but affirmed her right to pursue a share of it in federal court.[32] On June 20, 2006, E. Pierce Marshall died at age 67 from an "aggressive infection". His widow, Elaine T. Marshall, now represents his estate.[33] The case has been remanded to the 9th Circuit to adjudicate the remaining appellate issues not previously resolved.
After Anna’s death the New York Times reported that the case over the Marshall fortune “is likely to continue in the name of Ms. Smith’s infant daughter.”[34]
This could drag on for years.... and even if she were to prevail, the money would most likely go to her trust fund, which she can't touch until she turns 18. And Berkhead can never touch it unless she decides to give some of it to him. By then she'll probably hate him and want nothing to do with him. So, no, Birkhead is NOT a millionaire!!!!!!!!!!
crunch, that's a large part of the estate but I'm pretty sure she had some other assets as well. And while she can't touch the trust, Stern would be able to expend funds from the trust for her benefit. In his discretion, that could include all sorts of things including buying a nice house for her and Birkhead to live in.
As for the Marshall case, it'll probably settle. Stern will get some money from it too, as attorney. I think people don't realize that he was attorney for Smith in the probate case going way back. And I imagine he had a contingency fee agreement. When it does finally settle, he'll probably get a 1/3, which will no doubt be quite a bit of dough. I'm sure there will be a big to-do about that when it happens.
As for the Marshall case, it'll probably settle. Stern will get some money from it too, as attorney. I think people don't realize that he was attorney for Smith in the probate case going way back. And I imagine he had a contingency fee agreement. When it does finally settle, he'll probably get a 1/3, which will no doubt be quite a bit of dough. I'm sure there will be a big to-do about that when it happens.
