In light of the current situation, we are offering our clients the opportunity to meet with us virtually, rather than in-person. Please click here to contact us or call 800-756-5596 to schedule your appointment
Our phone lines are currently down, please use 323-391-4162 as an alternative number. Thank you.

Make Informed Decisions
About Your & Your Loved Ones' Futures
Based On Experienced Advice

~|chevron-down~|font-awesome~|solid

Court Fights are Over for Sumner Redstone for Now

| Oct 29, 2016 | Uncategorized |

Challenges of the competency of the 93 year old are finally over.

Sumner Redstone has faced many battle over his mental competency this year but the battle appears to be over, at least for a while, according to Private Wealth in “Redstone Ends Trust Battle After Meeting with Granddaughter.

Redstone’s troubles began when his estranged daughter came back into his life and his estate plan was rewritten in her favor.

The first case was filed by a longtime girlfriend who was ousted from his home and care. Redstone won that battle, but almost immediately afterward faced another battle brought by shareholders of his companies who were upset that he ousted longtime friend Philippe Dauman from his position at Viacom. That case eventually settled when Dauman and others decided they did not have the resources to see it through.

That left the last case challenging Redstone’s competency to be dealt with. It was brought by his granddaughter Keryn Redstone.

She claimed she had been forced out of Sumner’s life by his daughter and that she was being treated unfairly in his estate plan. She has now agreed to drop her case after meeting with her grandfather. It remains to be seen whether the two reached any agreement to resolve any of her other claims.

While all legal challenges against Sumner Redstone are now concluded, it should not be assumed this is the end of the story entirely. Unless everyone resolves their differences, the battle over his estate after he passes away could get ugly.

Categories

Archives