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re: Benson's trust accounts temporarily frozen in TX
Posted on 1/23/15 at 3:40 pm to VOR
Posted on 1/23/15 at 3:40 pm to VOR
quote:
Interesting and predictable they filed by in Texas and dealt only with Texas assets. They would likely have been thrown out on their asses in Louisiana.
It is because the trust is held in Texas. If you read the court filing, his first wife's trust was formed and is managed in Texas. That is also where a large portion of real estate and business holdings are managed. Of course Louisiana would throw out this exact case as frivolous because Louisiana would have no legal standing to hold any judgement.
What it means for us, in the judge making this ruling, is that the family filed a similar suit in Texas in regards to the businesses and money in that state.
1
Posted on 1/25/15 at 8:14 am to wbeagle03
quote:
It is because the trust is held in Texas. If you read the court filing, his first wife's trust was formed and is managed in Texas. That is also where a large portion of real estate and business holdings are managed. Of course Louisiana would throw out this exact case as frivolous because Louisiana would have no legal standing to hold any judgement.
What it means for us, in the judge making this ruling, is that the family filed a similar suit in Texas in regards to the businesses and money in that state.
Pretty much. The Texas action is dealing with Texas assets as far as I can tell. And a temporary freeze in no way means the plaintiffs in Texas will prevail on the merits. It simply means the court is maintaining the status quo pending a hearing.
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