Supreme Court to Hear Anna Nicole Smith Estate Claim to Late Husband’s Fortune
As reported in the ABA Journal the U.S. Supreme Court has agreed to hear an appeal by the heirs of Anna Nicole Smith in a battle over her late husband's fortune. The 9th U.S. Circuit Court of Appeals ruled in March that Smith's heirs were not entitled to the millions of dollars she sought from J. Howard Marshall's estate after her year-long marriage to the elderly billionaire ended with his death.
Marshall did not include Smith in his will, but she had claimed he was improperly influenced by his son, Pierce Marshall, who interfered with the elder Marshall's estate plans.
At issue is whether a judge presiding over Smith’s bankruptcy had authority to find Pierce Marshall liable for tortious interference with a trust set up for Smith. The bankruptcy court awarded $474 million in damages on Smith’s claim, filed with the bankruptcy court after Pierce Marshall asserted a claim for defamation. A judge later reduced the amount to $88.6 million.
Smith died of an accidental prescription drug overdose in 2007; two physicians and Smith’s former lawyer and boyfriend are being tried on drug conspiracy charges in the death. Closing arguments are scheduled for Thursday, Reuters reports.Tags: trusts, wills