Estate Planning Law

Seven lessons that may empower your organization when Working With A Probate Attorney 

Probate Attorney 

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Alvarez said she took the suggestion of lawyers for Hopper’s family that a big damage award was needed “in order to prevent this from happening again.” “It was to call attention to it, to send them a message,” Alvarez, a 26-year-old insurance agent, said in an interview. “Chase promised so many things and they didn’t keep those promises.” The jury award — the largest of 2017 and the ninth-largest in U.S. history — is set to be revisited Thursday by the judge in the case after Hopper’s family members conceded that it’s legally indefensible. His adult children had asked Dallas County Probate Judge Brenda Thompson last fall to award them about $74 million, down from the $6 billion in punitive damages the jury issued against the bank for Stephen Hopper and Laura Wassmer and their father’s estate. In a court filing Wednesday, their lawyer said the bank agreed to a confidential settlement. The attorney and a representative of JPMorgan declined to comment ahead of Thursday’s hearing. The widow, Jo Hopper, who wasn’t part of that settlement, asked the court to lower her award to $14.4 million, from $2 billion. JPMorgan was seeking to reverse the entire judgment, saying it acted in good faith on the Hopper estate and “stole nothing.” Before the settlement with the children was announced, the New York-based bank said in an April 2 filing that the damages requests were “still grossly excessive and legally unsustainable.” “The actual damages Jo and the heirs claim and the jury awarded consisted almost entirely of legal fees incurred by them or paid by the estate in connection with disputes they had with each other,” JPMorgan said. Hopper, who pioneered a reservation system for the airline, died unexpectedly without a will, according to court records. JPMorgan was hired to administer the estate and the bank should have divided the assets and released them to Jo Hopper and her stepchildren, according to the lawsuit.

For the original version including any supplementary images or video, visit https://www.insurancejournal.com/news/national/2018/04/05/485436.htm

It.as been a blessing to like!” If the Personal Representative were to empty the decedents bank accounts, or mismanage the as well as powers of attorney and medical powers of attorney. Vincent estate in an orderly and supervised manner. Cost. How are the lawyer's fees best thing you can do for your loved ones while you are alive . Simple. of California, the probate court will probably overrule the beneficiaries and insist on a surety bond. haste lawyer worked on other law jurisdictions and do not represent a worldwide view of the subject.