Rocker Ric Ocasek’s Estate Headed For A Court Battle - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Top Stories
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Top Stories RSS Get our newsletter
Order Prints
January 8, 2020 Top Stories
Share
Share
Post
Email

Rocker Ric Ocasek’s Estate Headed For A Court Battle

Above The Law

As anticipated, Paulina Porizkov, wife of Cars rocker, Ric Ocasek has filed a Right of Election claim against the deceased’s estate in New York County Surrogate’s Court.

Porizkov and Ocasek were married for 30 years, but allegedly separated when she discovered him dead, in his Manhattan home on September 15, 2019.

Ocasek’s purported Last Will and Testament is dated August 28, 2019 and it leaves no provision for Porizkov or two sons, Christopher and Adam from his marriage to Constance Campbell. Ocaseks other children including Porzikov’s sons are included in the Last Will.

Although the Last Will recognizes that Porizkov and the testator were not legally divorced at the writing of the Last Will, it states that she is not left anything and that should Ocasek die before a divorce is finalized, his wife would not be not entitled the elective share. He alleges that she abandoned him.

Probate laws vary from state to state. The theory of a spousal Right of Election is that a disinherited spouse can make a claim, usually to the fiduciary of the decedent’s estate, as to for the statutorily defined amount for which the spouse is entitled.

For example, in the State of New York, the surviving spouse may receive the greater of $50,000 or one-third (1/3) of the deceased spouse’s net estate. This means that even if you hate your spouse, have not spoken to your spouse, or your last will gives all of your asset to your children or charities, your spouse can take a share.

The share is not limited to what passes through probate. When calculating the elective share the law takes into account all assets including life insurance policies, annuities, real properties and other financial interests regardless of their titling. A defense to the elective share is abandonment, that is that the spouse left the decedent and is therefore not entitled to her share.

Sometimes in this kind of proceeding, a surviving spouse must prove that she was actually married to the decedent. At times an estate executor will reject the right of election claim alleging that the right to elect against the estate had been waived in a previously executed legal document.

Ocasek’s Last Will and Testament leaves provisions for the children he and Porizkov share together. Besides wanting to provide for one’s children, this planning technique places the surviving parent against her children.

If the slighted spouse elects against the Estate and succeeds, her share will be paid from her the other beneficiary’s, including her own children’s cut. The children will see less than what the testator intended for them, not to mention the significant legal fees that the Estate will incur as a result of litigating the matter. At times, this may act as a deterrent so that the spouse does not elect. Other times, it fuels the fire.

Ocasek had six children, two from each of his three marriages. It has been reported that the disinherited sons are investigating the Last Will and Testament and gathering information with regard to the Estate. Many times beneficiaries are left assets outside of probate, for example an account left in trust or a life insurance policy. Other times, a disinherited beneficiary may look into the validity of the last will and testament.

Upon one’s passing, despite the substance of the last will and testament, the decedent’s next-of-kin will be notified so that they may have the opportunity to inquire and ultimately object to the last will. Objections may include testamentary capacity, undue influence, the due execution of the last will and testament and an allegation that the last will was procured under fraud.

In order to decide whether or not to file an objection to a last will and testament, depending on the state, one may depose witnesses and the attorney draftsperson, review medical documents and other documents related to the decedent.

Although Ocasek has only been deceased for a few months, his Estate is ripe for litigation on multiple fronts. In instances where there are children from different families, estrangement, divorce, separation and of course, fame, it is imperative be thoughtful when executing an estate plan.

Writing one’s last will should be the impetus to tie up any loose ends and to concretize the status of familial relationships so that the matter does not erupt upon one’s passing. In will and right of election proceedings, the main witness, the one with all of the answers, cannot be questioned. This silence is perhaps more disheartening than any inequity in the disposition of assets.

Cori A. Robinson is a solo practitioner having founded Cori A. Robinson PLLC, a New York and New Jersey law firm, in 2017. For more than a decade Cori has focused her law practice on trusts and estates and elder law including estate and Medicaid planning, probate and administration, estate litigation, and guardianships. She can be reached at [email protected].

Older

Sapiens Wins an XCelent Award for Its Advanced Life & Pension Technology in EMEA

Newer

Chubb Limited to Hold its Fourth Quarter Earnings Conference Call on Wednesday, February 5, 2020

Advisor News

  • Gen X faces ‘pension envy’ as they head into retirement
  • Your client wants to cash out an annuity. Here’s what to consider
  • How student loan debt impacts 401(k) balances
  • The ‘sandwich generation’ faces compounded barriers to retirement savings
  • Benefit Costs Squeeze Schools, Driving Cuts, Tax Hikes And Difficult Tradeoffs
More Advisor News

Annuity News

  • AM Best to Discuss Its Views on Private Credit Surge and Risks at 2026 NAIC/NIPR Insurance Summit
  • OID recovers $260M in life insurance benefits
  • NUNN BILLS TO COMBAT PAYMENT SCAMS, CUT FINANCIAL RED TAPE PASS FINANCIAL SERVICES COMMITTEE
  • SS&C Black Diamond Expands Annuities & Insurance Marketplace with New Insurance Capabilities and Carriers
  • Regulators urged to sharply limit hypothetical data in annuity illustrations
More Annuity News

Health/Employee Benefits News

  • Healthcare access, treasurer says, improved for State Health Plan
  • Audit: Medicaid program erroneously paid up to $4.1M
  • WakeMed strikes a deal with UnitedHealthcare, but not for all its customers
  • Hyde-Smith calls for renewal to stop Obamacare abortion services
  • Nursing home workers demand transparency amid alleged healthcare coverage lapses
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • AM Best Assigns Credit Ratings to Lasso Healthcare Insurance Company
  • A-Cap insurers face new takeover push in South Carolina
  • AM Best Affirms Credit Ratings and Assigns National Scale Rating to Allianz Ayudhya General Insurance Public Company Limited
  • Winged Keel Group Welcomes Scott Henderson, Expanding Institutional Relationships and Presence Across Midwest
  • Former Wynn principal Sheckles claims age discrimination
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.