Rich Person Does Nutty Thing, Heirs Sue Everyone

Rich Person Does Nutty Thing, Heirs Sue Everyone

I could spend 20 minutes semi-explaining why the legendary lawyer Arthur Kramer (known better to you artsy folks as brother of Larry, regarding whom, no comment at this time) engaged in complicated maneuvers near the end of his life to bundle and resell seven life insurance policies, worth $56.2 million, to investors, over which the family is now suing and being sued, but can we just go with RICH PEOPLE SURE IS CRAZY and leave it at that? (On the upside, this mess may smooth out some conflicting little bits of law in New York State! Perhaps that’s Arthur Kramer’s real final legacy.)