A day after Macau billionaire Stanley Ho said the dispute over his stake in his casino empire was settled, his lawyer filed a suit accusing family members of illegally taking control of his assets, according to news reports.

For information on the FMV of inherited property on the date of the decedent’s death, contact the executor of the decedent’s estate. Also, note that in 2015, Congress passed a new law that, in certain circumstances, requires the recipient’s basis in certain inherited property to be consistent with the value of the property as finally. (Bloomberg) - Exxon Mobil Corp. Kept the S&P 500 Index’s third-largest dividend after this year’s rally in commodity prices eased analysts’ fears that the payout was becoming unaffordable.

Ho had appeared on television saying that the matter had been resolved and that he no longer needed the services of attorney Gordon Oldham, but 'the lawyer says he still represents the tycoon and the writ appears to carry Ho's signature,' Bloomberg reported.

Results ngon. According to the New York Times, this latest development

raised the prospect of a complex and potentially drawn-out legal battle over Mr. Ho's legacy, and reinforced a sense that Mr. Ho, who is 89 years old, is confused and liable to be pulled in different directions by many members of his family.

The number of people involved, and the amount of money at stake -- Forbes earlier this month estimated Mr. Ho's fortune at $3.1 billion -- is likely to ensure the saga will continue, many observers believe.

The original transaction transferred control of Ho's 31.7% stake of the casino business to two companies to two branches of his family. The lawsuit accused family members of illegally taking control of the shares. 'Mr. Ho has 17 children by four women, and the contested share transaction benefits what he has referred to as his second and third families,' the Times reported.

The Times article cited an e-mail from Oldham saying Ho had been 'pressurized' into making the statement on TV.

S Casino Dividends A Inheritance

The Bloomberg report noted:

This isn't the first conflict within the Ho family that's played out in public. Stanley Ho's sister Winnie Ho lost an appeal in 2008, when she sought to block [his company's] initial public offering saying she was owed $386 million in dividends. IN 2001, Stanley Ho threatened to disinherit daughter Pansy when she dated the son of a business rival.

S Casino Dividends A Inheritance Trust

(Sources: Bloomberg, Jan 27, 2011; New York Times, Jan. 27, 2011.)