Katherine Feinstein, the daughter of Democratic Senator Dianne Feinstein from California, has recently lodged a court filing in which she claims her mother is a victim of elder abuse.
Failed to Fund a Trust
Katherine alleges that co-trustees responsible for a trust associated with her late stepfather, Richard Blum, have not fulfilled their obligation to fund a trust that Blum established before his passing.
His Trust Is Valued at $1 Billion
Richard Blum, who was valued at around $1 billion at the time of his death in February of last year, is the late husband of Senator Feinstein.
She Raised the Alarm
Katherine Feinstein, to whom Senator Feinstein recently surrendered partial power of attorney, brought her concerns to court on August 8th.
They Failed to Oversee the Trust Properly
She asserts that Michael Klein, Marc Scholvinck, and Verett Mims, individuals overseeing the trust, have failed to make the “required distributions” to her mother.
She Accuses Them of Financial Abuse
In the court filing, Katherine accuses the three men of financial elder abuse, alleging that they deliberately withheld regular payments from the fund with the intention of directing most of it to Blum’s children.
Her Mother Is the Sole Beneficiary
Senator Feinstein is the sole beneficiary of Blum’s fund. Katherine Feinstein was a teenager when her mother married the affluent investor.
She Wants the Men Suspended
Katherine has requested the court suspend Klein, Scholvinck, and Mims from their roles as managers of the account.
They Have Legal Representation
An attorney representing Klein and Scholvinck countered Katherine’s accusations on August 10th.
Standing by Their Actions
Attorney Steven Braccini disputed her claims of elder abuse, asserting that the trustees acted ethically and appropriately while criticizing Katherine Feinstein’s actions as self-serving.
Call for Feinstein to Step Down
These allegations of elder abuse emerge as Senator Feinstein faces calls to step down from her position due to concerns about her fitness to effectively serve her constituents.
She’s 90 Years Old
At 90 years old, Feinstein is the longest-serving senator in the country.
The Senator Has Been Absent for Months
She had been absent from Senate activities between February and May due to health reasons.
They Were Dealing With Depression
Earlier this year, both Feinstein and Senator John Fetterman of Pennsylvania, who was dealing with depression, were absent from the Senate at the same time.
Republicans Sank Their Teeth In
Republicans capitalized on these absences, exploiting the Democrats’ slim one-seat majority.
Lawmakers Want Her to Retire Now
While Feinstein has confirmed that she will not seek re-election in the upcoming fall, this decision has not satisfied lawmakers from both parties who are urging her to retire immediately.
The Need to Prioritize the Nation
They cite concerns about her age and health. Notable House Democrat Representatives Alexandria Ocasio-Cortez, Rashida Tlaib, and Ro Khanna have called for Feinstein’s resignation, emphasizing the need to prioritize the nation’s interests over personal loyalty.
She’s Unable to Fulfill Her Duties
Khanna, in particular, stressed that while Feinstein has had a distinguished career in public service, her present capacity to fulfill her duties is questionable.
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