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May 3, 2008
Is Steve Fossett's Estate Liable for Search Costs?
The governor of Nevada, Jim Gibbons, intends to ask Steve Fossett's widow to help Nevada pay the $687,000 is spent searching for her husband, although the search was unsuccessful.
According to AP, Nevada wants Fossett widow to pay search cost, MSNBC, May 2, 2008:
Ben Kieckhefer, press secretary for [the governor], said any assistance from the Fossett family would be voluntary.
"We are going to request that they help offset some of these expenses, considering the scope of the search, the overall cost as well as our ongoing budget difficulties," Kieckhefer told The Associated Press.
It is an interesting question whether Nevada could file a successful claim as a creditor of the estate.
May 3, 2008 in Current Events, Estate Administration | Permalink
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I saw this a few days ago but didnt get around to posting it - Professor Berry beat me to it and asks the interesting question: Could Nevada file a successful claim against the estate?
Ben Kieckhefer, press secretary for Gov. Jim Gibbons, said ... [Read More]
Tracked on May 3, 2008 4:37:30 PM
Comments
If Nevada cannot file a successful claim as a creditor of the estate, I doubt the personal representative can even make the requested payment from the estate without breaching their fiduciary obligations to the beneficiaries (absent of course consent of all the interested persons in the estate).
Posted by: Marc Bekerman | May 4, 2008 8:59:15 AM
Good Information
Posted by: Pamela | May 10, 2008 12:46:17 PM
