Lorenzi & Barnatt, LLC has been impacted by Hurricane Laura but we are doing everything possible to return to operations that are close to normal. Should you need to contact us, please use one of the E-Mail addresses listed below but understand internet connection is very sporadic. As such, return communication will likely be delayed. Thank you for your understanding.
Tom Lorenzi: [email protected]
Theresa Barnatt: [email protected]
Dan Lorenzi: [email protected]
Kalie Marceaux (Office Manager): [email protected]
In the event this is an emergency, you can contact Tom Lorenzi at (337) 842-3370.

Schedule your consultation today, call
337-513-0886

attorneys

Estate planning problems reportedly resolved among Feil siblings

| May 30, 2017 | Estate Planning |

In 2006, Gertrude Feil died, leaving her children an inheritance reportedly worth billions. The problem is the siblings disagreed over several estate planning issues, such as which one of them should be in charge, as well as how profits from multiple real estate properties they inherited should be divided as time goes on. When family disagreements like this arise after an estate owner dies in Lake Charles or elsewhere in Louisiana, achieving amicable solutions can be quite challenging.

In the Feils’ situation, after debates raged on for some time, they finally reached an agreement and settled out of court. They decided that Jeffrey Feil, CEO of the Feil Organization, would continue his role in managing the family real estate empire. They also agreed upon a format for the distribution of profits from business properties worth about $7 billion. While Jeffrey will have the right to name a successor, a specified group (including members of the family) will have the right to exercise tight control over a new CEO.

Estate planning is generally a customizable process in which an individual can execute a plan that best suits his or her particular needs and ultimate goals. However, after an a Louisiana estate owner dies, if adult children or other heirs disagree with a court ruling or some other aspect of the process, it can lead to highly contentious battles that seem near impossible to resolve. In such cases, an experienced Louisiana attorney may prove to be an invaluable asset.

As in the Feil siblings’ situation, some estate planning disagreements are able to be resolved outside a courtroom. Even so, a key factor in obtaining an out-of-court settlement often lies in the type of representation provided. Estate planning attorneys can help the parties seek agreeable solutions in an expeditious and financially feasible manner.

Source: therealdeal.com, “Feil siblings settle dispute over $7B portfolio“, Accessed on May 30, 2017

Contact Our Lake Charles Firm For Immediate Help With Your Legal Worries