When it comes to estates, the stakes are high.
What happens when you die without a will?
Your estate is divided according to the intestate laws of your state.
Often this includes finding heirs and sending notices regarding their inheritance
In some cases, heirs are easy to track down.
In other cases, some are not.
What happens in these other cases?
An individual may help find heirs.
Enter Vadim Tevelev.
According to the New York Daily News article titled “Genealogist who helps heirs obtain fortunes in estate cases accused of using forged documents,” Tevelev is in the business of finding these heirs so they can receive a portion of the estate.
Kramer, who was a Brooklyn attorney, left an $8 million estate in 2008.
In fact, a court-appointed lawyer names Roger Olson reviewed the case and found the Ukranian birth records Tevelev submitted to be likely fakes.
This is not the only case of suspicious documents involving Tevelev.
What is in it for him?
If successful, Tevelev often earns of commission of one-third of the inheritance.
The battle between Tevelev and his client Elizabeth Hovav and the Kramer estate has been going on for eight years.
This has led the other heirs to simply want to put an end to it.
They are calling for a settlement.
The possible result?
Hovav could receive up to $300,000 and Tevelev would receive a nice cut.
Does this sound unpleasant to you?
It could easily have been avoided had Isaac Kramer executed an estate plan.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: New York Daily News (May 15, 2017) “Genealogist who helps heirs obtain fortunes in estate cases accused of using forged documents”