Friday, August 4, 2023

For an Ailing Feinstein, a Fight Over the Family Fortune

Estate planningFormer mayor of San Francisco and current California Senator Dianne Feinstein has been engaged in an increasingly bitter legal conflict with three of her daughters over her late husband’s estate.

The fight began over Senator Feinstein’s desire to sell a beach house in the Stinson Beach neighborhood of San Francisco. The two factions also disagree over access to the proceeds of Richard C. Blum’s life insurance, which Senator Feinstein has previously accessed for medical expenses. 

Feinstein entered her marriage with Mr. Blum, already wealthy, and the couple’s finances flourished together. During his lifetime, Mr. Blum was a private equity magnate. While some have referred to him as a billionaire, others claim that the pandemic cut into his investments.

For more information see Tim Arango and Shawn Hubler “For an Ailing Feinstein, a Fight Over the Family Fortune” The New York Times, August 3, 2023.

Special thanks to Matthew Bogin, (Esq., Bogin Law) for bringing this article to my attention.

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