Required

The Estate of Bernie Madoff’s Son – Elder Law Attorney in Woodstock, GA

It is unclear what role if any, Bernie Madoff’s sons had in his investment schemes. They were the ones who turned him in to authorities. However, they also may have profited from them. One of the sons has recently passed away and left behind a large sum of money.

Andrew Madoff always claimed that he turned his father, Bernie Madoff, in to the FBI only hours after learning about his father’s Ponzi scheme. However, not everyone believes that Andrew was not involved in the scheme and he was personally sued for millions of dollars to help repay investors who were the victims of the fraud. Andrew recently passed away after being sick with Lymphoma. The details of his estate have been made public as his will was submitted to probate court.

The total estate is valued at approximately $15 million dollars. All of his personal property, around $11 million in total, is supposed to go to his two daughters. He left a third of the estate to his estranged wife with the remainder going to his fiancée. Private Wealth, in an article titled Andrew Madoff Leaves More Than $15 Million to Family, Fiancée,” has more details.

While the article does not mention whether there are any plans to sue the estate over the Ponzi scheme, the estate will need to make plans to defend itself. If a court decides that Andrew was culpable in his father’s scheme, then his family and fiancée might not receive the inheritances he planned for them. Of course, it is possible that Andrew did not have knowledge of his father’s activities and that he was telling the truth the entire time.

Reference: Private Wealth (September 12, 2014) Andrew Madoff Leaves More Than $15 Million to Family, Fiancée

Hear From Our Clients
tes-prev
tes-next

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

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

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

Josh Nelson, and his staff, have been amazingly helpful to our family. The ins and outs of nursing homes, the rules and regulations that govern Medicare and Medicaid are daunting and the folks at Nelson Elder Care Law have been informative, responsive, and above all, empathetic. I cannot emphasize enough how their service has taken a weight off of our shoulders especially during a world pandemic that has targeted nursing homes across our country. I highly recommend retaining Josh and his firm!

- Marcia

I had a simple legal question to them that I needed answered and they very helpful in giving me the information I needed. I highly recommend them and will reach out to them if I need more advice or assistance. Thank you for taking your time to just answer a couple of questions I had!

- Ben