Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Wednesday, September 26, 2012

Woman Stands to Inherit Up To $10 Million and Is Nowhere to Be Found

Unknown-1Arlene Magdanz has been identified as a first cousin of Walter Samasko Jr., and she stands to inherit $7 million to $10 million.  Despite her potential inheritance, she did not show up at the hearing regarding his estate yesterday.  

Samasko died at age 69 and only had $200 in his bank account upon death.  He was a loner and was not even discovered to be dead until neighbors complained of a foul smell that was emitting from his house.  As his house was being cleared out, gold and silver coins were discovered and are set to be sold.  The attorney handling the estate believes the coins are worth between $7 million and $10 million. 

At the hearing regarding the estate yesterday, the District Judge authorized the city clerk and public administrator to hire a firm that will ensure Magdanz is the rightful heir and an expert to value the estate. Once the value of the estate is determined, a CPA will determine how much inheritance tax is due.

See Cy Ryan, No Word From Teacher in line for $10 Million Inheritance, Las Vegas Sun, Sept. 26, 2012. 

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this blog to my attention.


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