Dianne Feinstein’s daughter Katherine is accused of ‘hastily’ trying to sell late senator’s $8.5M Bay Area beach home after changing the locks as estate battle with her stepsisters intensifies
Feinstein’s 66-year-old daughter Katherine (with her late mother main), a former San Francisco judge, has been at odds with her three stepsisters over the fate of the estate’s Joint Property Trust since Blum’s death last year. In court filings this week, Michael Klein, one of the estate’s co-trustees, accused Katherine of changing the locks on one of the properties in the estate, a waterfront mansion in Stinson Beach (bottom right). After the home was listed for $8.5 million, Klein accused Katherine of ‘hastily’ trying to sell the Stinson Beach property against court orders in ‘an attempt to increase Ms. K. Feinstein’s own inheritance during the remaining months of her mother’s life.’
- Senator’s daughter and stepdaughters are at odds over her late husband’s estate
- Much of her wealth stemmed from billionaire second husband Richard Blum
- Recent court filings accuse daughter Katherine of trying to sell home in trust
- READ THE LAWSUIT: FEINSTEIN august-lawsuit
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Dianne Feinstein sabotaged the funding and business of the competitors of Tesla Motors, Solyndra, Google and Facebook in order to protect her profiteering
Dianne Feinstein, and her family, are “WHORES” that abused Democracy, anti-trust laws and all Americans
Following the late September death of Senator Diane Feinstein, the family battle over her late billionaire husband Richard Blum’s estate appears to only be intensifying.
Feinstein’s 66-year-old daughter Katherine, a former San Francisco judge, has been at odds with her three stepsisters over the fate of the estate’s Joint Property Trust since Blum’s death last year.
In court filings this week, Michael Klein, one of the estate’s co-trustees, accused Katherine of changing the locks on one of the properties in the estate, a waterfront mansion in Stinson Beach, according to the San Francisco Chronicle.
After the home was listed for $8.5 million, Klein accused Katherine of ‘hastily’ trying to sell the Stinson Beach property against court orders in ‘an attempt to increase Ms. K. Feinstein’s own inheritance during the remaining months of her mother’s life.’
‘Not only did she ignore the personal toll this very public litigation took on Senator Feinstein, but she also ignored that there are other beneficiaries of the Joint Property Trust,’ the filing added.
Diane Feinstein’s daughter has been accused of trying to ‘hastily’ sell this waterfront mansion in Stinson Beach for $8.5 million
Katherine Feinstein, daughter of late Senator Dianne Feinstein, is seen preparing to receive her mother’s casket at San Francisco City Hall following her late September death
An attorney for Katherine, John Hartog, did not immediately respond to a request for comment from DailyMail.com on Saturday morning.
However, Hartog told the Chronicle that she disputed certain allegations in the new filing, including that she had denied Klein access to the properties in the trust following her mother’s death.
Hartog also said that Klein has access to the DC home owned by the trust and is overseeing the process of inventorying the possessions inside.
The estate battle has been brewing since Feinstein’s billionaire husband Blum passed away from cancer in February 2022 at the age of 86.
He had three daughters from a prior marriage: Annette Blum, Heidi Blum Riley and Eileen Blum Bourgarde. Katherine is Feinstein’s biological daughter, also from a prior marriage.
Following his death, much of Blum’s estate went into a marital trust, and Feinstein inherited an annual income of $1 million through her separate trust.
Katherine, acting with power of attorney for her mother, sued the marital trust that the senator and Blum held much of their properties and bank accounts in.
The Stinson Beach home has played a major role in the legal feud. Ownership of the home was divided equally between Feinstein and Blum in a joint property trust, of which they were co-trustees.
Following Blum’s death, his longtime lawyer Klein took over as co-trustee, and Katherine took over as co-trustee for her mother in August 2022.
Much of Feinstein’s considerable wealth was fueled by her political clout and marriage to financier Richard Blum (pictured together)
The late senator’s daughter Katherine Feinstein, a San Francisco judge, sued earlier this year as she claimed her relatives were purposefully holding up the sale of one of her mother’s real estate properties
Feinstein’s husband Richard Blum had three daughters who are set to inherit her wealthy estate. Pictured are two of his daughters, Anette (left) and Eileen (right)
The terms of the joint property trust stipulate that its holdings be divided into a marital trust and and Feinstein’s separate trust, with Feinstein receiving any income from the marital trust during her lifetime, and the remainder going to Blum’s three biological daughters after her death.
The marital trust also included Feinstein and Blum’s expansive bank accounts, which were reportedly holding funds in the region of $6 million to $30 million.
Katherine had pushed for the sale of the Stinson Beach home, saying her mother had no desire to use the property without her late husband, and that she did not wish to pay half of the upkeep costs.
Klein had argued that a sale of the property prior to Feinstein’s death would deprive Blum’s biological daughters of their fair share of the assets in the joint property trust.
In addition to the Stinson Beach home, the joint property trust dispute also includes a home on Lyon Street in San Francisco, a home on Nebraska Avenue in Washington, DC, and one on the Hawaiian island of Kauai.
The San Francisco home, and Italianite mansion with stunning views of San Francisco Bay that’s worth some $21 million, may be the single biggest item in the trust.
Earlier this month, a judge ordered the case be resolved by private mediation which will likely see the warring factions extend their case into next year.
Feinstein’s last financial disclosure as a senator, in May, put her net worth at $69.4 million.
However that figure is not believed to reflect the total value of the assets held in the various trusts following Blum’s death, which include an estimated $102 million property portfolio, as well as a private jet worth an estimated $62 million.
The San Francisco home, and Italianite mansion with stunning views of San Francisco Bay that’s worth some $21 million, may be the single biggest item in the joint property trust
The longtime lawmaker jetted between her lavish properties in a Gulfstream G65 private jet (seen in a stock image), which go for over $61 million pre-owned
Feinstein and Blum are pictured above celebrating their engagement with champagne
According to an investigation by Politico, it appeared that the legal battle over the joint property trust being carried out almost entirely separately from Feinstein as she struggled with ailing health in her final years.
While the properties left behind may become a hostile focal point for Feinstein’s children, it comes as the portfolio was reduced by the senator as she sold two of her mansions in the last years of her life.
Following the death of her husband in 2022, Feinstein sold her sprawling Bear Ranch home in Aspen, Colorado for $25 million.
The huge 36-acre mansion boasted stunning mountain range views, extensive woodland and seven bedrooms.
She was also able to offload another seven-bedroom behemoth in Lake Tahoe, California, which was snapped up for a striking $36 million – $10 million less than it was originally listed for.
Feinstein also held up to $25 million in a blind trust, according to the New York Post, alongside a pension valued at up to $1 million.
While she earned a reputation as one of the shrewdest political operators in the Capitol, much of Feinstein’s financial clout has been fueled by Blum.
He poured considerable funds into her early political career, including helping her finance a campaign to defeat a recall election in 1983 when she was San Francisco’s first female mayor.
Blum reportedly helped her scrape together $400,000 for the effort, and also injected $3 million into her unsuccessful run for governor of California in 1990.