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Nancy Lanza's assets worth a total of $64,000 - not nearly enough to satisfy the families ...
The Daily Mail Online ^ | February 21, 2014 | Daily Mail Reporter

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 ...


TOPICS: Local News
KEYWORDS: lanza; newtown; sandyhook
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To: blue-duncan; P-Marlowe; Uncle Chip

But, apparently, this lady’s 64,000 dollars is important.


21 posted on 02/21/2014 6:30:21 AM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: Uncle Chip

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.


22 posted on 02/21/2014 6:30:40 AM PST by 1010RD (First, Do No Harm)
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To: rbg81

Great BIG ol’ controversy about THAT one.


23 posted on 02/21/2014 6:31:01 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: TexasFreeper2009

I know a guy who drives a BMW with the same problem. The appearance of wealth doesn’t equal wealth.


24 posted on 02/21/2014 6:31:37 AM PST by 1010RD (First, Do No Harm)
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To: blue-duncan

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.


25 posted on 02/21/2014 6:33:06 AM PST by ChocChipCookie ("Demons run when a good man goes to war.")
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To: Uncle Chip

$64,000 in cash in bank accounts isn’t exactly poor.


26 posted on 02/21/2014 6:36:10 AM PST by 3Fingas (Sons and Daughters for Freedom and Rededication to the Principles of the U.S. Constitution)
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To: longfellowsmuse
Only a long hard look at how Americans raise and value their children will affect meaningful change.

That's it.

Reparations have always been paid for injustices but those reparations weren't levied on the people as a whole. Reparations are to be paid by the guilty, in this case the guilty is dead and that needs to be where it ends. Sure its unfair to the families of the victims but life is unfair.
27 posted on 02/21/2014 6:36:43 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Uncle Chip

No one is going to want to buy THAT house.


28 posted on 02/21/2014 6:40:30 AM PST by smokingfrog ( sleep with one eye open (<o> ---)
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To: blue-duncan; xzins

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.


29 posted on 02/21/2014 6:42:28 AM PST by P-Marlowe (There can be no Victory without a fight and no battle without wounds)
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To: Uncle Chip

The first thing we do, let’s kill all the lawyers.


30 posted on 02/21/2014 6:44:37 AM PST by jaydee770
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To: varyouga
If you read the article you would know that they owed more on the house than it was worth. And though at first glace $50,000 in cash seems like a lot, that might be less than a few months of reserves for a family that is highly leveraged with expensive tastes.
31 posted on 02/21/2014 6:44:54 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: Uncle Chip
What is needed here is to find Rick Thorne and ask him what we should do in this case.

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!

32 posted on 02/21/2014 6:45:59 AM PST by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: jaydee770
The first thing we do, let’s kill all the lawyers.

Especially the ones from Harvard!

33 posted on 02/21/2014 6:49:11 AM PST by nascarnation (I'm hiring Jack Palladino to investigate Baraq's golf scores.)
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To: rbg81
The United Way took in over $15 million on this scam. Each individual family also had not only their own contribution website up and running (some even prior to the supposed shooting!!) but also were part of the SH website. Some families have taken in hundreds of thousands of dollars. Not to mention each family receiving several hundred thousand from the WH.

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………………………...

34 posted on 02/21/2014 6:50:28 AM PST by Doc Savage ("I've shot people I like a lot more,...for a lot less!" Raylan Givins)
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To: P-Marlowe; blue-duncan

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.


35 posted on 02/21/2014 6:51:22 AM PST by xzins ( Retired Army Chaplain and Proud of It! Those who truly support our troops pray for victory!)
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To: 1010RD
The appearance of wealth doesn’t equal wealth.

HAHAHAHA! Tell that to your Ivy League betters who run the Fed and our Government.

36 posted on 02/21/2014 6:52:04 AM PST by Tea Party Terrorist (Why work for a living when you can vote for a living?)
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To: Doc Savage

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.


37 posted on 02/21/2014 6:59:54 AM PST by Uncle Chip
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To: Uncle Chip

None of her property belongs to the state. There are relatives and it goes to them.


38 posted on 02/21/2014 7:00:38 AM PST by Sacajaweau
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To: Uncle Chip

The idea that they can sue her estate is some lawyer looking to collect a fee. Since when can you confiscate an estate?


39 posted on 02/21/2014 7:01:59 AM PST by Sacajaweau
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To: knarf

As will I.


40 posted on 02/21/2014 7:10:43 AM PST by mcshot (Their fraud is deep and unending...)
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