Skip to comments.Nancy Lanza's assets worth a total of $64,000 - not nearly enough to satisfy the families ...
Posted on 02/21/2014 5:47:37 AM PST by Uncle Chip
of her son Adam's 26 victims who hope to sue her estate
The estate of the mother of Newtown school shooter Adam Lanza is worth roughly $64,000, according to a Connecticut attorney who inventoried her finances, which is a devastating blow for victims of the massacre who are seeking damages over the shooting that left 27 people dead and a small town in shock.
Nancy Lanza, the mother of the disturbed shooter who bought him multiple firearms and taught him to shoot when he was just a small child, had five bank accounts worth a total of $60,000, according to an inventory of her finances filed in probate court earlier this month by attorney Samuel Starks.
The home Nancy Lanza shared with her son - where Adam Lanza fatally shot her as she was laying in her bed - has a fair market value of about $360,000. However, Lanza owes more than $400,000 on the mortgage of the home, so her estate is 'underwater' for about $40,000 on the Yogananda Street property.
Other than the home and bank accounts, Nancy Lanza's only other assets is a jewelery collection valued at about $5,000.
The inventory of Nancy Lanza's finances was first reported by the Hartford Courant. According to the paper, the 3,100-square-foot home - that has been vacant since the December 14, 2012, shooting - was appraised for more than $523,000.
However, real estate agents say it's unclear what the house could actually sell for once potential buyers realize it was the home of the man responsible for the second most-deadly mass-shooting in U.S. history....
(Excerpt) Read more at dailymail.co.uk ...
THIS conspiracy nut will stay out’a this one.
Obie bail out? Maybe since she’s deceased she can qualify for a HARP loan. Will the “victims” make the mortgage holder pony up some money? Disgraceful.
As if any amount of $$ would make it better anyway.
Wanna bet someone tries to sue the father..?
I’m just surprised some ambulance chaser hasn’t gone after the School District or First Responders yet. I’m sure that’s coming.
They just appear rich, when in fact, they are just in debt up to their eyeballs and are just a few paychecks away from bankruptcy.
The value of the home will be affected by the events that occurred there. Other than the Lizzie Borden Home in Fall River, most murder houses suffer steep discounts in the market.
Someone will buy it for the value of the land and tear it down.
If they are looking for deep pockets, they should sue the school district and the state of Connecticut for failing to provide armed security and declaring the school a gun free zone.
If I were on the jury in that case, they would be awarded Billions.
I assume the mother would have to be found liable before her estate could be taken to pay victims?
“It sounds like the Lanzas are like most of the supposedly rich who live in those McMansions.
They just appear rich, when in fact, they are just in debt up to their eyeballs and are just a few paychecks away from bankruptcy.”
I agree with you about many dwellers of such places but Lanza appeared to be an exception.
$50k+ in cash is hardly living paycheck to paycheck.
A mortgage is not really a debt unless house value goes down. Unlike credit cards or student loans, there is always collateral that one can sell to eliminate the debt.
I wasn’t aware that Nancy Lanza shot the kids.
I wasn’t aware Nancy Lanza huddled all those kids into gun free slaughter zone called a school.
Yup, life is full of injustices. We deal with them and we move on.
Sounds like another push for gun owner insurance policy requirements.
In response to a question I once asked him my lawyer told me that if,for example,you lend your car to someone and while driving it that "loanee" kills a pedestrian the heirs of that pedestrian can sue the driver *and* you,the owner.He had a name for the legal concept,which I can't recall.So be careful to whom you lend your car and be care to whom you provide firearms.
See post #17.
How does claiming the estate of a woman who was a victim herself heal the families of the other victims in any way?
Adam Lanza was a deeply disturbed individual who apparently suffered from sexual deviancy, violent obsessions, a broken home and was either suffering from a severe mental illness or demonic possession.
Scrounging around for the last pennies from his naive mother’s estate neither heals or prevents further incidents. Only a long hard look at how Americans raise and value their children will affect meaningful change.
“If I were on the jury in that case, they would be awarded Billions”
Wait a minute. That’s my hard earned tax money you are giving away. The families have made enough with all of the non profits, public appearances, book deals, and movie rights. As bad as this was, the exploitation and merchandising of it is an insult to the children’s memory.
But, apparently, this lady’s 64,000 dollars is important.
I know when I lose a loved one in a mass shooting the first thing I’m thinking is, “Yeah baby! Civil suit. I’m rich!”
These families must be devastated that there’s so little to gain from a mass shooting.
Great BIG ol’ controversy about THAT one.
I know a guy who drives a BMW with the same problem. The appearance of wealth doesn’t equal wealth.
Plus, there are numerous discrepancies with the sales of the homes belonging to the families of the victims. One of the victims fathers has won the CT state lottery. Twice.
$64,000 in cash in bank accounts isn’t exactly poor.
No one is going to want to buy THAT house.
You have to admit that the State of Connecticut has armed Guards posted at the Capitol Building to protect the legislators and everyone else in the building from being attacked by crazed gunmen, but they declare their schools gun free zones and refuse to allow even the most minimal of armed protection for children who, by law, are forced to be locked up in these unprotected facilities for 6 to 8 hours a day.
The State of Connecticut and the School Districts were clearly negligent. They owed a duty to protect these charges and they deliberately and wantonly failed to do so.
I would have to award punitive damages.
If I could, I would direct the punitive damages to be paid to fund armed security to all schools in Connecticut and to purchase weapons for distribution to NRA trained teachers.
The first thing we do, let’s kill all the lawyers.
What? Rick has disappeared you say? But what about all the interviews this hero did after the massacre????
What you say? He didn't do any??? But he was the hero janitor. Surely every cable news show would have been fighting for an exclusive with Rick.
What you say??? They weren't? They didn't??
That seems strange
Well, I'm sure Gene Rosen can figure this out .
What absolute suckers American low information voters are. They even elected a FRAUD TWICE! LOL!
Especially the ones from Harvard!
Now tell me. Why do these families need anything????????????????? Must have been either the most expensive funerals in the history of the world or HUSH money. Maybe Obama should send us all a big check every time we lose a family member
I agree that a rational person would say that Connecticut failed in their duty to protect, and they advertised that the schools were unprotected, and they protected other vulnerable areas adequately.
So, I believe there’s a case that could be made.
It’s a case that could be won in Texas but probably lost anywhere in the Northeast. Northeasterners believe guns in schools are the evil...not murderers in schools.
HAHAHAHA! Tell that to your Ivy League betters who run the Fed and our Government.
I’m sure that in the fine print of accepting this money that the families agreed not to sue the School District, the Newtown Police, the state police, etc.
They don’t want it to come out in court that while the Newtown police were chasing a parent into the woods and waiting for the state police to arrive, they were hearing all those shots coming from the school as Lanza was entering the second classroom.
None of her property belongs to the state. There are relatives and it goes to them.
The idea that they can sue her estate is some lawyer looking to collect a fee. Since when can you confiscate an estate?
As will I.
I’m curious why HER estate would be held liable for HIS actions...
I hardly think being shot to death makes his appropriation of her firearms a "loan".
I’m guessing that they would claim that she armed him by buying him the weapons he used and failing to secure them from him as she knew that he had mental problems.
In the Northeast guns in schools ARE evil because the only people with guns in school are evil.
If there were just few good guys with guns in school, then the guns in school would be good.,
IMO, lawyers are the root of most evil.
You should have put “betters” in quotes. They aren’t.
My understanding is that multiple fundraisers were held for the families of the children killed at Sandy Hook and each one of them has received a good settlement.
As far as I know not one lawsuit has been filed agains’t the school by any family which is unheard of in these kinds of cases. I wonder why not?
Perhaps not but imagine this....the lawyer representing the families of the dead kids tells the jury "and his mother taught him how to shoot,in spite of her knowledge of his serious brain disorder,and had a mini arsenal in her home which she stored in a manner which was inadequate to prevent her obviously disturbed,unstable,son from getting at it.That makes her,at best,breathtakingly negligent in this case and that negligence led to the deaths of 20+ children".
Most juries in this part of the country...but not necessarily in *all* parts of the country....would buy this argument hook,line and sinker.
And BTW...the words I quoted were a lawyer's words,not mine (just in case anyone accuses me of being anti 2nd Amendment).
I think that it’s against the law to sue a school district in many states.
They can do so to get answers or access to information or changes in policy but not financial remunerations.
I have feeling hubby’s name is on the deed and mortgage.
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