The San Jose Mercury News reports that lawyers for Nanette Kinkade and his girlfriend Amy Pinto announced the settlement but are keeping details secret. She claimed Kinkade planned to marry her as soon as his divorce came through. The couple had four daughters. Created in by Nanette Kinkade and her four daughters as a c3 public charity, The Kinkade Family Foundation carries on the mission of charity and honors the memory of a great American artist, Thomas Kinkade.
The Foundation focuses on making art accessible to youth around the world to foster creativity early in life. By partnering with other nonprofits in the U.
For more information on The Kinkade Family Foundation visit www. Pinto, 48, has laid claim to the former family home in Monte Sereno, Calif. The San Jose Mercury news reported that "security guards have been stationed inside the gates day and night" to make sure she doesn't steal anything.
The drama of the painter, the wife and girlfriend has spilled into court documents in which Pinto describes, among other things, being excluded from the funeral of the man she loved and planned to marry. Passion oozes from the page, but that doesn't mean she'll win the will contest. Court papers lay out a tangled fact pattern worthy of a law school exam.
It's a cautionary tale about personal finance and estate planning. Dal Cielo, when asked whether his client, Pinto, might settle. Both the wife and the girlfriend have applied for probate—the process through which a court determines that a will is legally valid and approves the distribution of assets covered by that will. The couple had four daughters, two of whom are minors. The living trust, which unlike a will is not a public document, already contains most of the assets that Kinkade left behind, says Daniel L.
Casas, the Los Altos, Calif. That includes original art, intellectual property rights, and shares in Thomas Kinkade's business.
Why the discrepancy in the numbers? She assumes the family underestimates how much Kinkade owned outside the trust. Handwritten, or holographic, wills are valid in about half the states, though they are most common in situations involving sudden death, and exact requirements vary. In California, for example, a will must be written completely in the person's own handwriting and be signed.
In court papers, Pinto argues that the holographs are valid. If a court agrees, the burden of proof will shift to Kinkade's family to raise the two most common grounds for contesting a will. One is undue influence, which refers to efforts to coerce someone to sign estate-planning documents that favor one beneficiary over others. Another is the argument that the person lacked capacity when signing the document.
The court could toss out the holographs on either of these grounds. Meanwhile, the scrawl is so difficult to read that court documents include a transcription.
This is the one dated Nov. Assuming this document is valid, Pinto still isn't home free. The same goes for retirement accounts such as an IRA or k.
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