California Sen. Dianne Feinstein Files Financial Abuse Lawsuit
California Sen. Dianne Feinstein Files Financial Abuse Lawsuit
Sen. Dianne Feinstein has filed a lawsuit asking a court to dismiss trustees from her late husband’s estate, claiming that they breached their fiduciary duty by committing financial fraud and abuse.According to USA Today, Sen. Feinstein’s husband, Richard Blum, passed away last year.Decades earlier, in the 1990s, Blum established a trust, which named his wife—the long-serving California senator—as a beneficiary. It was required to be funded with an estimated $5 million in cash and other securities.Sen. Feinstein received income from the trust, disbursed in the form of “frequent” installments.However, Sen. Feinstein and her family now claim that the estate’s trustees—Michael Klein, Marc Scholvinck, and Verett Mims—have neither funded the trust nor disbursed any required payments.“Although Blum died more than a year and one-half ago, the Trustees have still neither funded the Marital Trust nor made any of the required income distributions to Senator Feinstein,” the lawsuit alleges.
Sen. Feinstein in 2015. Image via Flickr/user:San Bernardino Nat'l Forest. Public domain.
Sources
California Sen. Dianne Feinstein alleges financial abuse in lawsuit over her husband's estateLawsuit claims Sen. Dianne Feinstein is the victim of financial elder abuseSen. Dianne Feinstein claims 'financial elder abuse' in lawsuit over husband’s estate
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Ryan Farrick is a freelance writer and small business advertising consultant based out of mid-Michigan. Passionate about international politics and world affairs, he’s an avid traveler with a keen interest in the connections between South Asia and the United States. Ryan studied neuroscience and has spent the last several years working as an operations manager in transportation logistics.