On October 31, 2013

Colorado residents may have heard about the girlfriend of a late Rolex CEO who has filed a lawsuit against the man’s estate. The 54-year-old woman is claiming that the attorney in charge of administrating the estate has locked her out of a condo that was given to her by her late boyfriend. The man died from stomach cancer at the age of 62.

According to the woman, two weeks before his death, the man gave her the Olympic Tower condo, the contents inside the home and the value of a bank account in New York. The woman claims that the attorney is not releasing the keys to the condo and also alleges that the administrator is refusing to allow her access to the contents inside the condo and the bank account. The lawsuit against the administrator is for $25 million.

The administrator has filed his own motion of behalf of deceased CEO’s children. According to reports, the CEO’s girlfriend moved artwork by Andy Warhol, Pablo Picasso, Keith Haring and Jean-Michel Basquiat out of the condo earlier this year, and the art may have a value of millions of dollars. The administrator has asked a judge to order the companies that were hired to relocate the art to tell the court where the pieces are located.

Like in this case, the process of probate administration can be difficult and complex. When there are many beneficiaries to an individual’s estate, dispensing assets according to wills may be become more complicated, especially if there are conflicting statements that outline distribution. An attorney may be able to guide a family going through similar disputes receive the assets left to them by a deceased loved one.

Source: NY Daily News, “Gal pal of late Rolex CEO locked out of Fifth Ave. condo sues estate“, Barbara Ross, October 23, 2013

Categories: Probate Litigation