NC Fiduciary Litigation Commentary
Baucom’s Nursery Co., a family-owned business that has been a staple in Charlotte for over 75 years, is embroiled in a bitter legal battle. The lawsuit pits Amon (Chip) Baucom Jr.’s side of the family against Gary Baucom’s side, with accusations of fraud, embezzlement, and self-enrichment flying. The dispute centers around allegations of financial mismanagement…
Many Americans face uncertainty about handling a loved one’s bank account after death. Almost half of Americans don’t have a will, according to a Gallup poll. This can make things complicated for your loved ones when you’re gone. Having a will allows you to designate who inherits your assets, including your bank accounts. Many bank…
On Tuesday, the Federal Trade Commission (FTC) voted 3-to-2 on the new rule to ban noncompete agreements for workers across the United States. Noncompete agreements prevent employees from leaving their place of work and going to other jobs within their industry. This new rule is designed to promote industry competition by “protecting the fundamental freedom…
On April 10, 2024, Orenthal James Simpson (O.J. Simpson) passed away at the age of 76. This event reignited a decades-old civil case stemming from the 1994 murders of Nicole Brown Simpson and Ron Goldman. In 1997, a civil jury found Simpson liable for their deaths and ordered him to pay a staggering $33.5 million…
Former host of the “Tonight Show” Jay Leno was granted conservatorship of his wife Mavis Leno’s estate on Tuesday. In a Los Angeles courtroom, the judge determined that the conservatorship would be “necessary and appropriate” for this case given that Mavis Leno has Alzheimer’s and experiences advanced dementia. According to the files released after the…
An Orlando, Florida City Commissioner is accused of stealing hundreds of thousands of dollars from a 96-year-old woman. Orlando City Commissioner Regina Hill was arrested Thursday, March 28th, and is facing up to 180 years in prison for spending an elderly woman’s money on personal lifestyle changes. On Monday, Florida Governor Ron DeSantis announced the…
Famous TV doctor Mehmet Oz—better known as “Dr. Oz”—recently accused his sister, Nazlim, of forging their late father’s will and stealing millions from his estate. A 2008 will left all of Mustafa Oz’s assets to the Mustafa Oz Foundation, a United States organization, and left Dr. Oz in charge of the foundation; however, Nazlim presented a…
Famous comedian and actor Bob Saget was tragically found dead in the bed of his Ritz Carleton hotel room in Orlando, Florida, on January 9, 2021, at age 65. As America was reeling from the sudden loss of their favorite TV dad, news broke that Saget died from blunt force head trauma, likely from an…
NFTs—or non-fungible tokens—have been making headlines in recent months as the newest investment craze. “At a very high level, most NFTs are part of the Ethereum blockchain. Ethereum is a cryptocurrency, like bitcoin or dogecoin, but its blockchain also supports these NFTs, which store extra information that makes them work differently from, say, an ETH…
Tupac Shakur, the rapper better known by his stage name “2Pac,” died on September 13, 1996, from gunshot wounds he received in a drive-by shooting in Las Vegas, Nevada. Now, more than a quarter of a century later, 2Pac’s sister, Sekyiwa Shakur, along with the Tupac Amaru Shakur Foundation, are suing the executor and special…