"Hooters' assets seeking support as family feud drives sale plans"

Nexsen Pruet attorney Billy Newsome offers the New York Post insight into South Carolina Estate Law.  The February 11, 2010 article is entitled "Hooters' assets seeking support as family feud drives sale plans."

The Post reports that as the restaurant chain shops around for a buyer, it is "coping with the costs of settling a three-year courtroom squabble between the heirs of founder Robert Brooks."  Although Brooks' wife was not living with him when he died in Myrtle Beach in 2006, she is asking for more than the $20 million he left to her in his will.

Newsome told reporter James Covert that she appears to have the state's Elective Share law on her side.  "It's usually not a question of whether she'd receive her one-third share, but how to value it.  It looks like both Tami and the IRS are going to get their two pounds of flesh."

Click here to read more from the New York Post.

Billy Newsome is a Certified Specialist in the areas of Estate Planning and Probate Law by the South Carolina Supreme Court.