Ada-Icon
Required

Did a Hardware Store Owner Hide Millions of Dollars?, Elder Law Attorney, Woodstock, GA


In an interesting case out of Brooklyn a son alleges that his father hid millions of dollars under various aliases. The son has taken over administration of the estate and has spent the last two years looking for the money.

Sidney Kronenberg is perhaps most famous for being a part of a New York bribery and kickback scandal that Rudy Giuliani prosecuted in the 1980s. Kronenberg was convicted in the scandal but never received prison time.

When the hardware store owner passed away, it was discovered that his will disinherited his daughter and left his son a small portion of the total value of the estate. The son and daughter took the unusual step of hiring an expert to diagnose their father’s mental condition after he was already dead.

This unusual step proved successful. The son and daughter were able to settle with the estate and received a large share of it.

As reported by DNAinfo in an article titled “Owner of Brooklyn Hardware Store Hid Tens of Millions of Dollars, son says,” the son petitioned the court two years ago to take over administration of the estate. The son believes his father hid money all over the world using false names and social security numbers.

However, two years of searching has not produced any results.

This particular family struggle with an estate might have been unavoidable since it appears that Kronenberg did not get along with his children. Normally, the key to avoiding a family feud over an estate is open communication and that may not have been possible here.

It is smart to engage the services of an experienced estate planning attorney early in the planning process. He or she can help you navigate these treacherous waters.

Reference: DNAinfo (March 5, 2015) “Owner of Brooklyn Hardware Store Hid Tens of Millions of Dollars, son says

Hear From Our Clients
tes-prev
tes-next

“On the threshold of retirement, we finally decided to quit thinking we could self-prepare the requisite documents. We had previously had only a very simple will. We needed the necessary legal (including updated will) & health care docs but didn’t want to deal with the time & complication of legalese. Cindy made the process relatively painless. She took the time to explain and answer questions without trying to upsell services. We were done in 2 meetings plus the reading of emailed drafts. In addition to preparing the documents, Nelson Eldercare will be there when our adult children need advice on executing the plans we’ve put in place.So glad it’s behind us and would recommend Cindy and her helpful staff.”

- Bonnie

Cindy and her company treat their clients like family. Nelson’s offers clear, direct, and honest guidance in planning for your families security and future. No one wants to actively sit down and make these decisions, but Nelson’s makes this process seamless. I was so impressed with their willingness to answer all questions big or small. So glad I made the decision have them help my mom and dad and now me. You can’t go wrong with Nelson’s Elder Care Law.

- Hope

The very best elder law attorney and staff anyone could ever ask for! I have referred a number of clients to Cindy and she never disappoints. She is kind, caring, and extremely thorough in making sure everything is completed as it should be. I highly recommend Cindy for anyone needing lawyer services; she truly goes above and beyond for every client she helps and has had a huge impact in so many peoples’ lives. Thank you, Cindy and staff, for everything that you do- I’m so glad to know you!

- Kerri

I heard Cindy’s presentation at a Senior Luncheon at my church, and was very impressed. She helped my daughter and me understand many aspects of elder law. Josh has also been very helpful in my planning to enter an independent living situation . I have told many friends about them.

- Charlotte

Cindy and the Nelson Elder Care Law team are trustworthy and helpful. They are the experts in elder care law. At Leaf Cremation, we entrust our families to the care of the Nelson team when their services are needed.

- Pierce