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

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Monday, March 3, 2014

Five Year Fight Over Novack Estate Continues

NovackAs I have previously discussed, five years after the brutal murder of Ben Novack Jr., heir of the Fontainebleau hotel and president of a lucrative convention planning company, the legal battles over his estate continue. Novack’s wife Narcy was convicted and is serving life in prison for arranging the murder-for-hire of Novack. Narcy lost her claim to Novack’s estate under Florida’s slayer statute.  According to Novack’s will, May Abad, his stepdaughter and Narcy’s daughter, will receive $150,000 and the remaining estate will go into trusts for Abad’s sons. However the estate is dwindling as time proceeds and the original estimate of $10 million is now reduced to less than $4 million.

The will has not been successfully challenged, but relatives continue to challenge the will arguing that the slayer statute should also disqualify Abad and her sons from inheriting, because some of the funds could reach Narcy to aid her legal claims. Judge Charles Greene recently placed $50,000 in a trust for one of Abad’s sons, to be used for a life saving heart surgery. The attorney who drafted Novack’s will expressed that Novack would have wanted his grandsons to inherit the bulk of his estate if his wife did not, because he was fond of them and their mother.

See Julia K. Brown, As Family Fight Continues, Ben Novack Jr. Fortunes Shrink, Miami Herald, Feb. 25, 2014.

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

http://lawprofessors.typepad.com/trusts_estates_prof/2014/03/five-year-fight-over-novack-estate-continues.html

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