Nick Reiner is charged with killing his parents, Rob Reiner and Michele Reiner. The legendary Hollywood director had substantial wealth from his many projects, and now it will be transferred to his children, unless something else is arranged. So what will happen to Nick\u2019s share? According to an expert, he may be ineligible to inherit.<\/p>\n
Rob and Michele Reiner were found murdered in their home in Brentwood, Los Angeles, on Sunday. Their son, Nick Reiner, was later apprehended near USC in South Los Angeles by police on suspicion of murder. Rob and Michele reportedly died from stab wounds.<\/p>\n
On Tuesday, L.A. County District Attorney Nathan J. Hochman announced that the 32-year-old is accused of killing his parents \u201capproximately the early morning hours\u201d of December. 14.<\/p>\n
\u201cToday, I\u2019m here to announce that our office will be filing charges against Nick Reiner, who is accused of killing his parents, actor-director Rob Reiner and photographer-producer Michel Singer Reiner,\u201d Hochman said.<\/p>\n
\u201cThese charges will be two counts of first-degree murder with a special circumstance of multiple murders. He also faces a special allegation that he personally used a dangerous and deadly weapon, that being a knife.\u201d<\/p>\n
He continued, \u201cIn approximately the early morning hours of December 14, Reiner is accused of fatally stabbing Rob Reiner, 78, and Michele Singer Reiner, 70, at their home in the 200 block of South Chadbourne Avenue in Brentwood. Nick Reiner fled but was arrested hours later that evening in Exposition Park.\u201d<\/p>\n
Rob Reiner \u2013 net worth, will, inheritance
\nNick Reiner is being held without bond. Rob and Michele share three children: sons Nick and Jake, and daughter Romy. The director also adopted another daughter, Tracy, from his first marriage to Penny Marshall.
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\nRob Reiner\u2019s net worth at the time of his death was $200 million, according to Celebrity Net Worth. As both he and Michele are now dead, their children will most likely inherit their parents\u2019 fortune. But what happens to Nick\u2019s share?<\/p>\n
Speaking with People Magazine, estate and trusts attorney Sean Weissbart, a partner at Blank Rome LLP who is not connected to the case, said the 32-year-old, who is charged with killing his parents, will become ineligible to inherit from his parents\u2019 estate if he is convicted of the crime, per a particular state law.<\/p>\n
\u201cCalifornia has what\u2019s called a slayer statute, which says if you kill someone that you\u2019re going to inherit from, you lose your inheritance and any right to serve as a fiduciary of their estate. So assuming he\u2019s convicted of this murder, he\u2019s out as beneficiary, along with any fiduciary appointments he may have,\u201d Weissbart told People, adding that a fiduciary appointment is \u201can executor, a trustee, [or] if they died without a will, which is probably unlikely, an administrator.\u201d<\/p>\n
Could be ineligible for inheritance
\nThe expert states that a revocable trust and a will are the \u201cmost common\u201d estate-planning tools in California. Often, as it\u2019s a community property state, \u201cyou\u2019ll see that a married couple has a joint revocable trust.\u201d<\/p>\n
Regardless of how Rob and Michele structured their estate plan, Nick is unlikely to receive any inheritance if he\u2019s convicted.<\/p>\n
\u201cLet\u2019s assume that the four children got everything in equal shares. Nick would be disqualified, and everything would just go \u2014 probably \u2014 in three equal shares [instead],\u201d Weissbart said.
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\nSo what happens if he\u2019s acquitted?<\/p>\n
\u201cI was looking at the statute, and it doesn\u2019t require an actual conviction. It requires a person who feloniously and intentionally killed the decedent. And so since the slayer statute is civil, arguably it could apply if the court determined that this person had committed this murder, even if, for some reason, the person could no longer be charged criminally \u2014 I don\u2019t think that\u2019s the case here,\u201d Sean Weissbart told People.<\/p>\n
\u201cWhat I would say is a felony conviction would be per se, [meaning] the slayer statute would apply, but it could arguably apply even if there was not yet a felony conviction.\u201d<\/p>\n
What do you think about this? Please share your thoughts in the comment section on Facebook.<\/p>\n","protected":false},"excerpt":{"rendered":"
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