The recent allegations surrounding Teresa Reveles, Richard Simmons’ longtime house manager and friend, have shed a disturbing light on the complexities of estate planning and the potential for conflict among trustees. Reveles, who served as Simmons’ house manager for 36 years, has filed a petition to be reinstated as a co-trustee of the late fitness guru’s estate. However, Simmons’ family is vehemently opposing this request, accusing Reveles of greed and betrayal.
According to the Simmons family, Reveles was initially appointed co-trustee but declined due to her grief over Richard’s passing. However, Reveles now claims that she was pressured by Simmons’ brother, Lenny, and his wife, Cathy, into giving up the role. The family denies her allegations, asserting Reveles made an informed decision and that her status as a beneficiary of the estate remains unchanged.
The family’s statement paints a stark contrast between their portrayal of Reveles as a trusted friend and Reveles’ own claims of being misled and pressured. Additionally, the family alleges that Reveles has been attempting to profit from Richard’s image and likeness and has even tried to charge the estate for her living expenses. These allegations raise serious questions about Reveles’ motives and her commitment to protecting Richard’s legacy.
As the legal battle unfolds, it remains to be seen whether Reveles will be successful in her bid to be reinstated as a co-trustee.
The attorneys at Lord & Lindley have significant experience dealing with trust and estate disputes. If you need assistance maintaining or defending a matter regarding fiduciary litigation, please give us a call at 704-457-1010 to find out how we may be able to help you. For more information regarding our firm, attorneys, and practice areas, please visit our website at www.lordlindley.com.