The monumental battle over the $100 million-plus estate of art collector Melva Bucksbaum is now being broadcast in a family war of words on Facebook.
The New York Post Page Six reports in "Melva Bucksbaum's $100M estate battle rages on Facebook" that the battle began when Melva, a former trustee of the Whitney Museum, died at 82 last year. Her husband Raymond Learsy—a trader, developer, and fellow Whitney board member—challenged her will and claims he's entitled to half her fortune, which is worth more than $100 million.
The action infuriated Melva's adult children, Gene and Glenn Bucksbaum and Mary Bucksbaum Scanlan. Glenn says that Learsy schemed to seize the family millions. Glenn wrote on his public Facebook page, "Raymond Learsy…This name should be known. Full definition of cad. 1: An omnibus conductor 2: a man who acts with deliberate disregard for another's feelings or rights."
Learsy's lawyer, Hugh J. Freund, said of the real estate, "It was Ray's own personal estate planning and has nothing to do with Melva's estate. Glenn [is] going out of his way to cause a problem, where everyone else in his family is being constructive to resolve this issue."
Learsy was left about $10 million in trust in Melva's will. He also was to receive a $25 million home, but now he claims he's entitled to half of her fortune, which includes a Tribeca loft, homes in Connecticut and Aspen, and a valuable art collection.
Melva's New York friends are "appalled" that Learsy is planning a memorial for her in April while contesting the will. One friend said, "It's distasteful. He's acting like the grieving husband around New York while challenging her will in Aspen."
Bucksbaum's children's lawyer, William D. Zabel, added, "I stand by my prior statement that he [Learsy] is a colossal cad."
Do you live in South Florida? Have you adequately planned for your blended family, including your second marriage and/or adult children in your estate plan? I can help! Call me (305-443-3104) right away for peace of mind.
- I'm an exceptionally experienced Florida Bar Board Certified Estate Planning Attorney,
- I'm a Florida Bar Board Certified Elder Law Attorney, focusing on ALL legal issues related to aging,
- have prepared over 4,000 estate plans in 30+ years in practice,
- have administered over 600 estates through Probate, and
- am a Certified Financial Planner Professional™, plus
- I am also a Florida Certified Public Accountant (CPA).
Of course, if you would like more information about General Estate Planning in South Florida, I have a very informative website you are welcome to visit for more information.
Reference: The New York Post Page Six (February 29, 2016) "Melva Bucksbaum's $100M estate battle rages on Facebook"