Katherine Feinstein, the daughter of California Senator Dianne Feinstein, has recently filed a court document alleging that her mother is a victim of elder abuse.
According to Katherine, the co-trustees of a trust associated with the late husband of Senator Richard Blum have failed to fulfil their obligation to fund the trust set up by Mr. Blum.
The late Herbert Blum, who passed away in February of last year, was estimated to be worth one billion dollars at the time of his death.
Recent reports from SF Gate indicate that on August 8th, Senator Feinstein’s daughter went to court alleging that those responsible for managing the fund have failed to make “required distributions” to her mother, whom she recently granted a partial power of attorney.
Katherine Feinstein has filed a court complaint alleging that Michael Klein, Marc Scholvinck, and Verett Mims have committed financial elder abuse by deliberately withholding regular payments from her mother’s fund in the hopes of seeing most of it eventually go to Blum’s children.
The senator has been identified as the sole beneficiary of Blum’s fund by a judge. Katherine was only a teenager when her mother married the wealthy investor, and she subsequently asked for Klein, Scholvinck, and Mims to be suspended from managing the account.
An attorney for Klein and Scholvinck filed a motion on Aug. 10 in which he disputed Katherine’s claims of elder abuse.
“The trustees have acted ethically and appropriately at all times; the same cannot be said for Katherine Feinstein,” attorney Steven Braccini said.
According to SF Gate, Braccini voiced serious concern over Katherine’s allegation of elder abuse towards Sen. Feinstein, accusing her of working for her own self-gain.
The situation has been further compounded by the calls for the senator, who is 90 and the country’s longest-serving senator, to step down due to health concerns after an absence from February until May.
Earlier this year, Senate Democrats found themselves facing a challenge when both Senator Dianne Feinstein of California and Senator John Fetterman of Pennsylvania were absent due to hospitalization for depression.
With the Democratic majority in the Senate being only one seat, Republicans took advantage of this deficit. Despite announcing her retirement from re-election next fall, Feinstein has vowed to complete her term.
That has not placated lawmakers in both parties who have called on her to retire immediately, citing her health and age.
Reps. Alexandria Ocasio-Cortez, Rashida Tlaib and Ro Khanna have been among House Democrats to call on Feinstein to step down.
“We need to put the country ahead of personal loyalty,” Khanna said in April. “While [Feinstein] has had a lifetime of public service, it is obvious she can no longer fulfill her duties.”