Katherine Feinstein has asserted through a legal filing that her mother, Senator Dianne Feinstein of California, has fallen victim to financial elder abuse.
In her legal petition, Ms. Feinstein asserts that Michael Klein, Marc Scholvinck, and Verett Mims have neglected to provide funding for a trust established by her late husband, Richard Blum.
According to a report from The Western Journal, Mr. Blum’s estate was estimated to be valued at $1 billion.
The lawsuit, filed on August 8, outlines that Ms. Feinstein, a former judge of the San Francisco County Superior Court, was granted limited power of attorney for her mother by the senator on July 23.
This power of attorney grants Ms. Feinstein the authority to make legal decisions on behalf of her mother in specific civil-related matters, as indicated in the court document.
Within her legal complaint, Ms. Feinstein alleges that the co-trustees have not provided the necessary funding for the trust, which designates Senator Feinstein as the exclusive beneficiary of income.
Furthermore, the senator’s daughter contends that since Blum’s passing in 2022, the three men have not fulfilled the “required distributions” to the senator.
Reportedly, Ms. Feinstein, who is a daughter from a previous marriage, claims that the trustees are intentionally delaying payments to the senator, as stated by an article from SFGate.
She surmises they “intend to benefit Richard Blum’s [biological] daughters, who stand to inherit millions of dollars that should go to Senator Feinstein if the Trustees never make the required distributions to her.”
“The trustees have acted ethically and appropriately at all times; the same cannot be said for Katherine Feinstein,” said attorney Steven P. Braccini in a statement to SFGATE. Mr. Braccini represents Mr. Klein and Mr. Scholvinck.
“This filing is unconscionable,” Braccini continued. “The trustees have always respected Senator Feinstein and always will. But this has nothing to do with her needs and everything to do with her daughter’s avarice.”
This disclosure emerges amidst increasing worries about the welfare of older individuals, particularly those in influential roles, and prompts inquiries into the reliability of those responsible for the welfare of senior citizens.
Senator Dianne Feinstein has represented California in the U.S. Senate for multiple terms, establishing herself as a prominent figure in the political arena over many decades.
