Attorneys for Dianne Feinstein are alleging financial elder abuse in a new lawsuit seeking to remove managers of a trust established by the senator’s late-husband Richard Blum.
The lawsuit, which was filed on 8 August by Feinstein’s attorneys and her daughter Katherine Feinstein, claims co-trustees Michael Klein and Marc Scholvinck failed to fund a sub-trust – of which Feinstein, 90, is the sole beneficiary – from Blum’s estate. Withholding the funds was meant to benefit Blum’s three daughters who “stand to inherit millions of dollars”, Feinstein’s attorneys wrote in court filings. The lawsuit is also seeking Klein and Scholvinck be removed as co-trustees.
