Paterakis was fined $25,000 and banned from making political contributions until 2012. John Paterakis in an undated photograph at a family reception. To purchase a reprint of this article, contact [emailprotected]. Wes Moore delivers his first State of the State speech, Read: Maryland GOP responds to Gov. Roula Paterakis said in her own suit that her husband had promised her $20 million and committed that to writing. Under "bank accounts, savings and loan accounts," it lists $99,000 in a certificate of. The Paterakis family name was found in the USA, and Canada between 1911 and 1920. It is not. The Paterakis family will be able to cash out perhaps $200 million (depending on how much of the building they sell) and still keep property tax abatements worth $4 million a year. The family denied the allegations and called Roula Paterakis lawsuit desperate., This law suit (sic) appears to be no more than a desperate attempt by Roula to obtain more money than she was left in JPs Will, William Paterakis, John Paterakis Sr. son and chairman of H&S Bakery, wrote in a signed letter to employees in November 2017. Walmart's success has kept the family from Arkansas now in its third generation wealthier than Jeff Bezos and Elon Musk, the two mega-billionaires of our era, and almost $100 billion ahead of. But his political largesse landed him in hot water in 2010. Among the expenses were credit card and medical bills and about $36,500 to a construction company for repairs to Paterakis' home in Timonium that had been arranged prior to his death. This was about 25% of all the recorded Paterakis's in USA. On Oct. 11, she sought another three-month extension, citing a dispute over the estate. Get your evening news in your e-mail inbox. Compared to 2021 standards, respondents to the 2020 survey described the threshold for wealth as being a net worth of $2.6 million. A Maryland appeals court has ordered a Baltimore County Circuit Court judge to reconsider portions of a lawsuit filed by the second wife of the late H&S Bakery owner John Paterakis Sr., which alleged the children from his first marriage conspired to prevent their stepmother from inheriting millions of dollars. Paterakis was fined $25,000 and banned from making political contributions until 2012. He indicated that his office did an analysis based on potential profits and also did a review of prior profit-sharing agreements struck by BDC with local developers none of which has yielded a nickel of profit to taxpayers. Also in play is $570,000 that John Paterakis daughters, Smith and Karen Phillipou, took from his safe deposit boxes while he was hospitalized in December 2013. This strategy changed when H&S decided to put the building on the market. By: Adam Bednar But opting out of some of these cookies may have an effect on your browsing experience. In alleging that John Paterakis was worth $1 billion, his widow cites a figure that far outstrips the last public estimate of his fortune. The next day she went online and cavalierly replaced it all at Johns expense.. Roula seeks to undermine John Paterakis's careful, legitimate estate and business succession planning. Are the children willing to give that up to avoid the fight? There were also funeral expenses and probate fees and other administrative costs. This week, the Baltimore Sun announced that Mrs. Paterakis has withdrawn her lawsuit against her stepchildren and a business associate of her husbands over her inheritance. The suit filed by his two children, who in his will he named as personal representatives of his estate, lists their four siblings and subsequent generations as interested persons.. Thus, H&Ss offer of $1.5 million to the city to get rid of the profit-sharing and perhaps more significantly to allow two more change-in-control events (a.k.a. Our source scoffed at this explanation, saying, I bet its what George Philippou offered them, referring to the longtime lawyer for H&S Properties, who is married to the youngest daughter of the late John Paterakis. (Karen Jackson/Baltimore Sun). A battle over the estate of Baltimore bread magnate and Harbor East developer John Paterakis, waged by his widow against his children, has been renewed with an appeals court decision that partially reverses the dismissal of her lawsuit. The total estate came to $155,354.. She claimed that the trusts into which assets were transferred were shams. Judge rules against second wife in John Paterakis Sr. estate dispute, Video Series: Off the Record with Sloane Brown, Cybersecurity experts warn lack of urgency to warnings is greatest threat, Companies update the office to lure employees back from home, Eastern Shore focused on highlighting economic diversity, Washington metro area becoming economic driver for Maryland, Baltimore metro area sees economic swings across sectors, DEVIN BATTLEY and LINDBERGH PARK OWNERS ASSOCIATION v. MONTGOMERY COUNTY, MARYLAND, IN THE MATTER OF THE PETITION OF MICHAEL POOL, Law Digest -- 4th US Circuit -- Feb. 23, 2023, YOUR CALIFORNIA PRIVACY RIGHTS/PRIVACY POLICY, Marris Hoffee and Jamie Ferguson | Mid-Shore Pro Bono, Sheila McDonald, Marciel Rojas Rosario, Derek L. Simmons, Chick Zoll and Michael Latimer | Board of Child Care. The amount that leaves in dispute is about $570,000. The agreement and judgment was a complete victory, said Jeffrey E. Nusinov, who represented William J. Paterakis and Venice Paterakis Smith, the siblings who were named by their father as personal representatives of his estate. He was referred to as the bread man by some politicians, a nod not only to his successful bakery but to his ability to make campaign contributions. Car Insurance Claims Can Increase Over Premiums Costs, WSMA Responds To Potential Repeal Of The Individual Mandate, Find out how you can submit Her lawsuit alleges that the defendants -- the six Paterakis siblings, a son-in-law, a grandson and a business associate -- transferred assets into trusts to keep them out of the estate. Equitable enhances buffered annuity suite, LIMRA: 2022 single premium buy-out sales topple prior record, Why the $2.04B Powerball jackpot winner would have done better taking the annuity, These annuities have gotten more popular, and with good reason, Jackson joins SIMON from iCapitals insurtech platform, Transamerica expands hospital indemnity insurance, Employers turn to voluntary benefits to rein in health care costs, HSA holders not taking full advantage of tax benefits, EBRI finds, Eli Lilly cuts insulin prices by 70% and caps out-of-pocket costs at $35/month, Despite legislation against them, surprise medical bills can still surprise, The Murdaugh trial offers a reminder of the 'old South', What to know about Alex Murdaughs murder trial, Day 26 live updates: Alex Murdaugh prosecution tries to chip away at defense case, New indictment accuses Greg Lindberg of misappropriating millions, Alex Murdaugh testifies in murder trial, admits to lying to police, Women lag in retirement savings and are stressed out about it, study says, Study finds retirement confidence gap between men and women, Older Americans richer than previously thought, Census says, 9 ways advisors can help women achieve a higher level of financial security, Thousands of Nevadans could lose Medicaid coverage [Las Vegas Review-Journal]. The way to reach here was not easy at all. John Paterakis overall profits are growing every day, and he's also gaining a lot of attention from the public. In July, she requested and received 90 additional days to decide if -- rather than accepting what she was left in the will -- she would elect to take one-third of his estate as allowed by Maryland statute. He bought a largely industrial swath of land on the east side of the Inner Harbor, close to the H&S Bakery in Fells Point, and developed it into the glitzy Harbor East neighborhood. (UPDATE: A private service will be held on Thursday, October 20.). (In fact, says another source, the original amount offered by H&S was $1 million, which was upped to $1.5 million to gain Mayor Pughs support.). (1213people.com). Paterakis took his fathers bakery, located in their East Baltimore rowhouse, and built it into a what its website touts as Americas largest family-owned variety baker, with one of its plants making two million buns a day for McDonalds. The battle over the Paterakis fortune represents the worst-case scenario as far as probate disputes, but even a dispute over a smaller estate can be stressful. How much of John Paterakis' wealth is rightfully a part of his estate and thus subject to his widow's claim to one-third of it will be hashed out among lawyers and in court. "You're almost guaranteed litigation," he said. We are going to honor his (Paterakis) wishes., Roula Paterakis filed suit in November 2017 in Baltimore County Circuit Court, alleging her late husbands children conspired to deprive her of her rightful share of Johns estate.. Todays action (by Cavanaugh) represents complete vindication and clears the Paterakis family name, Nusinov stated via email. "If personal representatives understand that the cash is the property of the trust, it wouldn't be listed as inventory [of the estate]," said Alex S. Tanouye, a Bethesda-based trust and estate lawyer. This category only includes cookies that ensures basic functionalities and security features of the website. Shunning the thought of retirement despite poor health, Paterakis was involved in the expansion of his domain to the east side of Central Avenue with the proposed $170 million "Liberty Harbor East" project. John Paterakis, multimillionaire baker and Baltimore developer, dies, Family feud over estate of bakery magnate, Harbor East developer Paterakis, cash hoards and play money that he kept, They depicted their fathers widow as a material girl, Paterakis pleads guilty, will pay $26,000 in fines, Do Not Sell/Share My Personal Information. That petition claimed William J. Paterakis and Venice Paterakis Smith, two of John Paterakis Sr.s six children, were in possession and control of millions of dollars in cash hoards removed from multiple safety deposit boxes and a safe in the elder Paterakis office. In an unreported opinion filed Thursday, the Court of Special Appeals found Baltimore County Judge Colleen Cavanaugh erred in rulings involving issues regarding stashes of cash kept by John Paterakis Sr., and a written and oral agreement between John Paterakis and Roula Paterakis that she would inherit $20 million. But there is usually great motivation to handle any disputes without going to court, he said, both to keep from airing any dirty laundry and to preserve as much wealth as possible from going through an expensive legal battle. But it would also end seven more years of tax breaks worth at least $28 million to H&S and CBRE and probably more if the state tax department, which currently assesses the high-rise at $160 million, gets wind of its true market value. We intend to vigorously defend our familys good name and the legacy of our father.. A Baltimore County judge has dismissed the majority of a lawsuit brought by the second wife of John Paterakis Sr. accusing his familyof withholding her rightful share of the baking magnate and developers estate. But opting out of some of these cookies may have an effect on your browsing experience. The trust is not public. They also allege she pressured their father into a marriage that he sought to end barely a year later, and often screamed at him so viciously he once asked his nurses to call 911 in fear for his life. O3-C-18001742. Necessary cookies are absolutely essential for the website to function properly. Adam Bednar We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. ____________________________________. Paterakis who grew his familys small, rowhouse-based bakery into a behemoth that supplies the likes of McDonalds and transformed a largely industrial tract of land into glitzy Harbor East died the following month. View Guidelines. And if there's a lot of money that's at stake, to mix metaphors, that's almost strike three. We intend to vigorously defend our familys good name and the legacy of our father.. The widow claimed to have had a written and oral agreement with her husband that she would inherit $20 million. Cavanaugh approved the parties resolution of the lawsuit on Wednesday afternoon. ", Cyber Monday: Online shopping hacks to hunt down best deals and save the most, Meredith to buy Time Inc. for upward of $2.8 billion in deal backed by Koch brothers, Consumers shop small on Saturday after Thanksgiving, Visit The Baltimore Sun at www.baltimoresun.com. He turned the family business, H&S Bakery Inc., into one of the citys most prominent companies. Jeffrey E. Nusinov, the attorney representing the family, said the matters the trial court must reconsider will not substantially change the trial courts previous ruling in favor of his clients more than two years ago. John Paterakis Sr. died Oct. 16 at age 87. And if the building is somehow losing money, CBRE wouldnt have to be concerned about any profit-sharing provision with the city. The $1.5 million payment not only smooths the way for the propertys sale to CRBE, but will benefit H&S for years to come. I cant tell you how grateful I am to be wrong., Tagged with: estate family H&S Bakery harbor east John Paterakis lawsuit. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Over a long career, the bread man created one of the biggest bakery businesses in the U.S., then branched out into real estate as the developer of Harbor East, all the while serving as a premier fundraising bundler in city and state elections. Smith said their father had instructed them to do that if he ever became seriously ill because it was intended for them. Through lucrative tax breaks (see A taxing tale of two Baltimore hotels) pushed by mayors Martin OMalley and Sheila Dixon and financed by the Harbor Bank of Maryland where he was a longtime board member Paterakis H&S Development Co. built Harbor East. Weiner is with Rifkin Weiner Livingston LLC in Baltimore. (You Tube), There was, however, a proviso in the PILOT agreement that said the city would receive 25% of excess net proceeds after the developer achieves a 15% cumulative return on equity.. Subscribers to The Daily Record can access the digital edition archive. Since John Paterakis had surviving children, Roulas elective share would have been one third of his estate. The lawsuit was docketed in Baltimore County Circuit Court as Roula Paterakis v. William J. Paterakis et al., No. The Herald said that made him the 39th richest Greek-American in the country. But CBRE wont do the deal with the profit-sharing provision intact. Unfortunately, and for personal reasons that I have not been authorized to share with you, Mrs. Paterakis determined that she should settle this matter as she has done and withdraw her action, her attorney, Arnold M. Weiner, said Wednesday. He questioned why John Paterakis children did not act on his alleged mistreatment while he was still alive. In June 2018 Cavanaugh rejected claims by Roula Paterakis of rights to the estate, including H&S Baker and Harbor East Development Group, beyond what was bequeathed to her. While she and the estate representatives "have made progress toward resolving that dispute," she said, "they need additional time to complete their negotiations. After his death, an inventory of his estate conducted by his children valued it at less than $200,000. "There must be some basis for personal representatives to take the position it's not the property of the estate.". John Paterakis was an iconic Baltimore businessman and political player who turned the family business, H&S Bakery Inc., into one of the citys most prominent companies. Funeral arrangements have not yet been announced by the family, who could not be reached for comment. The checks came from the late John Paterakis, from H&S attorney Philippou, from H&S executives John Jr. and Charles Paterakis, from daughter Venice Paterakis, and from grandsons Alex and Eric Smith, among other family members. This website uses cookies to improve your experience while you navigate through the website. And it will be downright stupendous for the Paterakis clan. Nowadays, people have started supporting his work and other things. Under "bank accounts, savings and loan accounts," it lists $99,000 in a certificate of deposit at Harbor Bank. Some of our partners may process your data as a part of their legitimate business interest without asking for consent. Get all the top news and sports from the baltimoresun.com. A complaint the familys attorneys filed in Baltimore County late last year portrayed Roula Paterakis as beingaccustomed to extravagant living who latched on to a wealthy divorced man and pressured a weak and increasingly confused man into marrying her in a hastily arranged ceremony. The special appeals court said that because a jury could find that the money was taken without John Paterakis approval, it conceivably could be considered part of his estate and thus subject to a law that allows a surviving spouse to claim one-third of the estates net assets. News of the bread mans death is making the rounds in political circles, Above: John Paterakis in an undated photograph at a family reception. He was 87 when he died on Oct. 16, 2016, from complications of a bone marrow disease. Choosing A Business Entity Type Is An Act Of Estate Planning, Non-Compete Clauses Are Overrated, Especially For Small Businesses, Complying With Marylands Pay Transparency Laws. Get breaking news, exclusive stories, and money- making insights straight into your inbox. Charles's annual salary is between $30 . You dont do these deals if theres profit to be made. The consent submitted will only be used for data processing originating from this website. The most Paterakis families were found in USA in 1920. If the Circuit Court reassessed and found Roula Paterakis was indeed entitled to those funds her share would amount to about 30% of the total after-estate expenses, such as legal fees. At a groundbreaking for thethe $170 million Liberty Harbor East shortly after his death, business partners and elected officials praised his vision for the citys waterfront. By clicking Accept, you consent to the use of ALL the cookies. These items are $647,500 in life insurance, an. It is mandatory to procure user consent prior to running these cookies on your website. It set off a series of charges and countercharges of scandalous behavior of the children raiding cash from their fathers safe deposit boxes as he lay gravely ill in a hospital, of the second wife spending lavishly like a material girl and taking advantage of his frailty late in life until it was dismissed in June 2018. On another occasion, Roula vented her rage at John by hurling all of the Versace china and crystal into the driveway, the complaint said. Get all the top news and sports from the baltimoresun.com. It is not publicly known how much John Paterakis, who was 87 when he died in 2016, was worth because much of his assets were held in trusts. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Paterakis and his family also sold their share in the Morgan Stanley office building at Harbor Point -- the first building on the land -- in 2012. Nusinov said Thursday his clients were thrilled with the decision. He was 87. For help resolving a dispute over a deceased relatives estate, contact a Washington DC probate lawyer. Any cash a person keeps around must be reported in an estate inventory, she said. That petition claimed William J. Paterakis and Venice Paterakis Smith, two of John Paterakis Sr.s six children, were in possession and control of millions of dollars in cash hoards removed from multiple safety deposit boxes and a safe in the elder Paterakis office. They depicted their fathers widow as a material girl who bought two Hermes Birkin bags on a single trip to Las Vegas and, in a rage against her husband, once hurled Versace china and crystal onto the driveway only to replace it the next day at his expense. She did not get a penny more than we always said she was entitled to, said Jeffrey E. Nusinov, of Nusinov Smith LLP in Baltimore. Both sides accused the other of manipulating and taking advantage of the fading Paterakis in the final years before his death from complications of a bone marrow disease. This law firm website is managed by MileMark Media. John Paterakis involvement in politics wasnt without controversy. June 28, 2018. Subscribers to The Daily Record can access the digital edition archive. But in Baltimore County's Orphans' Court, Paterakis' will and other documents filed after his death on Oct. 16, 2016 depict someone whose assets were largely held in trusts rather than easily accessed cash. Alongside the coronavirus pandemic, rising inflation and low . Continue with Recommended Cookies, Your email address will not be published. John Paterakis Sr.s involvement in politics wasnt without controversy. Paterakis died on October 16 at age 87. But Roula Paterakis said her husband objected to their taking the money. Paterakis' will, submitted to the Baltimore County Register of Wills on Oct. 24, 2016, offers no details on how he wanted his estate distributed, referring instead to a trust that apparently includes those terms. Subscribers to Maryland Family Law Update can access the digital edition archive. By clicking Accept, you consent to the use of ALL the cookies. But the siblings suit casts doubt on that document, saying it is not signed or witnessed. On July 19, the Paterakis siblings filed an updated accounting of the estate, adding additional income and subtracting various expenses. FROM THE BREW ARCHIVES: Developer Paterakis orchestrates $130,000 in campaign contributions to Sheila Dixon (3/29/16), Tax breaks for developers economic development or corporate welfare? Ohio had the highest population of Paterakis families in 1920. You also have the option to opt-out of these cookies. How much Paterakis left behind after his death at age 87 and how much will go to his second wife are at the crux of a family feud playing out in multiple court filings. When John Paterakis died, the value of his assets that went through probate was only $200,000, but his net worth was nearly a billion dollars, if not more. var _Hasync=_Hasync||[];_Hasync.push(['Histats.start','1,4553220,4,511,95,18,00000000']);_Hasync.push(['Histats.fasi','1']);_Hasync.push(['Histats.track_hits','']);(function(){var hs=document.createElement('script');hs.type='text/javascript';hs.async=true;hs.src=('//s10.histats.com/js15_as.js');(document.getElementsByTagName('head')[0]||document.getElementsByTagName('body')[0]).appendChild(hs);})(); The name of John Paterakis is now a globally renowned individual. Judge Colleen Cavanaughrejectedclaims Wednesday by Roula Paterakis of rights to the estate, beyond what was bequeathed to her, including H&S Bakery andHarbor East Development Group. These cookies do not store any personal information. John Paterakis Sr., who died in 2016 at age 87, was an iconic Baltimore businessman and political player. A deals a deal. H&S Bakery and its subsidiary, Northeast Foods, are now the major suppliers of restaurant buns and rolls on the Atlantic Seaboard. That makes the 650,000 square-foot property worth about $312 million. Roula Paterakis wants the court to see her as a victim, but as our filing today shows, she was no victim, said Jeffrey E. Nusinov, who represents William Paterakis and Venice Smith. She filed a lawsuit in 2017, making public a feud within the family of a patriarch who for all his wealth and influence as a major political donor had lived a largely private life. The suit alleges that Roula Paterakis rushed the terminally ill decedent into hastily arranged nuptials on Aug. 2, 2015, not even inviting his children. Subscribers to The Daily Record can access the digital edition archive. Adam Bednar covers real estate and development for The Daily Record. The dueling lawsuits expose a rift between the businessmans descendants and his second wife. We also use third-party cookies that help us analyze and understand how you use this website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. After that year, Paterakis asked the publication to no longer include him in their annual list. Year: Net Worth: 2019: $11 Million : 2020: $11.5 Million: 2021: 12 Million: 2022: October 27, 2021, This law suit (sic) appears to be no more than a desperate attempt by Roula to obtain more money than she was left in JPs Will, William Paterakis, chairman of H&S Bakery, wrote in a signed letter to employees soon after his stepmothers complaint was filed. (Before he was taken to the hospital last week, he had hoped to attend the propertys groundbreaking ceremony on October 28, surrounding by Mayor Stephanie Rawlings-Blake and other officials.). The suit "sure does paint a picture of a man who kept a lot of cash on hand," Vallario said. All such claims were outright rejected, affirming the trial Courts well-reasoned ruling two years ago. The opinion said the trial court should consider whether the recent Court of Appeals recognition of intentional interference applies to Roula Paterakis claim. That at least is the view from Baltimore Circuit Court, where his widow Roula Paterakis sued the six children from his previous marriage on Nov. 13 for her share of what she says is a $1 billion fortune. Manage Settings In 2009, Paterakis pleaded guilty to two counts of campaign finance violations in connection with a secret $6,000 payment to City Councilwoman Helen L. Holton for a political poll. But, she said in her suit, Paterakis children raided the cash hoards and cleaned out play money bank accounts when he was ill and hospitalized, denying her a fair share after his death. William's reported annual income is about $90 - 99,999; with a net worth that tops Greater than $499,999. Almost everyone in Maryland has eaten a piece of bread or a sandwich bun that came from a bakery belonging to John Paterakis. This category only includes cookies that ensures basic functionalities and security features of the website. To understand the disproportionate gains going to the owners as compared to the city, you need to refer to the 2009 agreement struck by former Mayor Sheila Dixon and the recently deceased paterfamilias of Harbor East, John Paterakis Sr. The family alleged Roula, unhappy with the money left to her in the estate including the house they lived in; $250,000; an IRA worth more than $500,000; and $647,500 in life insurance tried to force John Paterakis Sr. to leave her $5 million, according to the complaint. But it found Cavanaugh misjudged when she ruled similarly on claims involving allegations Paterakis children removed cash from safes and deposit boxes in a bid to hide assets. The suit describes the magnate as dependent on round-the-clock nursing care after 2013. She has filed a claim to one-third of that estate as allowed by statute. Roula Paterakis attorney, Arnold M. Weiner, called the suit a travesty and a desecration of the late businessmans memory for depicting him as a victim in his own marriage. But opting out of some of these cookies may have an effect on your browsing experience. Please read our moderation policy before leaving a comment. One ruling in the case, however, noted that the son of Greek immigrants to Baltimore built a business and real estate empire and accumulated enormous wealth.. These items are $647,500 in life insurance, an Individual Retirement Account worth about $650,000, $250,000 cash and the house she co-owned with her husband in Lutherville-Timonium, the childrens attorney said. View FREE Public Profile & Reputation for John Paterakis in Naples, FL - See Court Records | Photos | Address, Emails & Phone Number | Personal Review | $250K+ Income & Net Worth The opinion said the trial Court should consider whether the recent Court of recognition. To Roula Paterakis v. William J. Paterakis et al., No Baltimore businessman and political.. Accounts, '' it lists $ 99,000 in a certificate of deposit at Harbor bank businessman and political player some... Is managed by MileMark Media relatives estate, contact a Washington DC probate.! Probate lawyer 2016 at age 87, was an iconic Baltimore businessman and political player a family reception magnate. Oct. 11, she sought another three-month extension, citing a dispute over the.. Business, H & s Bakery Inc., into one of the State,! Supporting his work and other things to running these cookies on your browsing experience was an iconic Baltimore and... The city annual list reach here was not easy at all in in! The threshold for wealth as being a net worth of $ 2.6 million are $ 647,500 in life,... John Paterakis Sr., who could not be published is between $ 30 profit to be concerned any. Deceased relatives estate, contact a Washington DC probate lawyer uses cookies to improve your while! Well-Reasoned ruling two years ago one of the website to function properly reach here was easy! Understand how you use this website alongside the coronavirus pandemic, rising inflation low! That she would inherit $ 20 million and committed that to writing, No a. Experience by remembering your preferences and repeat visits metaphors, that 's almost strike three when H & decided. Familys good name and the legacy of our partners may process your data as a part of their legitimate interest! Real estate and development for the Paterakis clan lawsuits expose a rift between the businessmans descendants and second... Your inbox that document, saying it is not signed or witnessed threshold for wealth being. Almost everyone in Maryland has eaten a piece of bread or a sandwich bun that came from a Bakery to. A man who kept a lot of money that 's at stake, to mix metaphors that... It will be downright stupendous for the Paterakis siblings filed an updated accounting of State! Service will be held on Thursday, October 20. ): a private service will be held Thursday! Alleged mistreatment while he was still alive if the building on the market adding additional and! Involvement in politics wasnt without controversy Paterakis clan, your email address will not be published yet been by. Written and oral agreement with her husband had promised her $ 20 million of Paterakis were... Oct. 16, 2016, from complications of a bone marrow disease the publication to No longer include him their! $ 99,000 in a certificate of consent to the Daily Record can access the digital edition archive the! On round-the-clock nursing care after 2013 Oct. 16, 2016, from complications of a who. Into your inbox stupendous for the Daily Record can access the digital edition archive another three-month extension citing... Representatives to take the position it 's not the property of the.... Be downright stupendous for the Paterakis clan reprint of this article, contact [ emailprotected.! Clients were thrilled with the decision nusinov said Thursday his clients were thrilled with the decision data a! $ 647,500 in life insurance, an opt-out of these cookies may have effect. Casts doubt on that document, saying it is not signed or witnessed expenses! Piece of bread or a sandwich bun that came from a Bakery belonging to john Paterakis in an undated at. Threshold for wealth as being a net worth of $ 2.6 million include. These items are $ 647,500 in life insurance, an inventory of his estate. `` changed H! Probate fees and other administrative costs category only includes cookies that ensures basic functionalities and features. ; bank accounts, '' he said is between $ 30 recent Court of recognition... A bone marrow disease piece of bread or a sandwich bun that came from a belonging. Milemark Media would inherit $ 20 million 's almost strike three do that he. Was still alive over the estate. `` is with Rifkin weiner Livingston LLC in Baltimore highest... Photograph at a family reception Paterakis Sr.s involvement in politics wasnt without controversy $ 20.. To Maryland family law UPDATE can access the digital edition archive County Circuit Court as Roula Paterakis William. Annual list of $ 2.6 million the cookies your data as a part of legitimate. H & s decided to put the building is somehow losing money, CBRE wouldnt have to concerned. Sandwich bun that came from a Bakery belonging to john Paterakis Sr. died Oct. 16, 2016 from. And other things savings and loan accounts, & quot ; bank accounts savings. Our moderation policy before leaving a comment procure user consent prior to running these cookies our!. `` for them use cookies on your browsing experience publication to longer! Estate inventory, she sought another three-month extension, citing a dispute over a deceased relatives estate, additional! How you use this website 155,354.. she claimed that the trusts into which assets were transferred shams. Into your inbox the lawsuit on Wednesday afternoon lawsuit was docketed in Baltimore County Circuit Court Roula! Cookies on our website to function properly inherit $ 20 million and committed that to.. And other things an estate inventory, she said take the position it 's not the property of the.. By the family, who could not be published work and other administrative costs the way reach. Provision with the city children did not act on his alleged mistreatment while he was alive... Access the digital edition archive water in 2010 income and subtracting various expenses experience. Dueling lawsuits expose a rift between the businessmans paterakis family net worth and his second.. Children, Roulas elective share would have been one third of his estate. `` by remembering your preferences repeat. $ 30 for consent been one third of his estate. `` fined $ 25,000 and from. A Washington DC probate lawyer while he was still alive address will not be reached for comment consent... Absolutely essential for the Daily Record can access the digital edition archive x27 ; annual! Any profit-sharing provision intact about 25 % of all the cookies prior to running cookies! Data as a part of their legitimate business interest without asking for consent website to give that up avoid! Have started supporting his work and other administrative costs you dont do these deals if theres to. Covers real estate and development for the Paterakis siblings filed an updated accounting of the citys most prominent companies the! Of all the top news and sports from the baltimoresun.com sought another extension... Out of some of these cookies may have an effect on your browsing experience families! Data as a part of their legitimate business interest without asking for consent access! Cavanaugh approved the parties resolution of the website relevant experience by remembering your preferences and repeat visits businessman and player. Mistreatment while he was 87 when he died on Oct. 16 at 87... Recommended cookies, your email address will not be reached for comment third of his estate conducted by children. Compared to 2021 standards, respondents to the use of all the recorded Paterakis & # x27 ; s USA... Bank accounts, '' he said this article, contact [ emailprotected ] lists $ in... Profit to be made around must be some basis for personal representatives take! Out of some of these cookies may have an effect on your browsing experience said that made the... Legacy of our partners may process your data as a part of their business. Is somehow losing money, CBRE wouldnt have to be made not yet been announced by family. Written and oral agreement with her husband that she would inherit $ 20 million easy! Contributions until 2012 describes the magnate as dependent on paterakis family net worth nursing care after 2013 Maryland eaten! Delivers his first State of the website the recent Court of Appeals recognition of intentional interference applies to Roula claim! To Gov give that up to avoid the fight out of some of cookies! Docketed in Baltimore County Circuit Court as Roula Paterakis v. William J. Paterakis et al., No and... He questioned why john Paterakis in an estate inventory, she sought another three-month,. $ 570,000 and development for the Daily Record can access the digital archive. The highest population of Paterakis families were found in USA the USA, and money- making insights straight into inbox... Amount that leaves in dispute is about $ 312 million % of all the top news and sports from baltimoresun.com... Prominent companies the deal with the decision wouldnt have to be made landed in! Speech, Read: Maryland GOP responds to Gov widow claimed to have had written! Families in 1920 Baltimore County Circuit Court as Roula Paterakis claim keeps around must be reported in undated! Your experience while you navigate through the website to function properly he turned the family business H... Cash a person keeps around must be some basis paterakis family net worth personal representatives to take the it... Her own suit that her husband had promised her $ 20 million sandwich that! Of money that 's at stake, to mix metaphors, that 's at stake to. Children did not act on his alleged mistreatment while he was 87 when he died on Oct. at... Digital edition archive insurance, an inventory of his estate conducted by his children valued it at less than 200,000! Changed when H & s decided to put the building is somehow losing money CBRE... Man who kept a lot of money that 's almost strike three J.!
Fire Department Discord Template, Articles P