Neighbor sues to block estate from dividing late millionaire’s Lake Minnetonka assets

ByAndria Varble

May 1, 2021 #Assets, #block, #dividing, #estate, #Lake, #Late, #millionaires, #Minnetonka, #Neighbor, #sues

The potential of the Lake Minnetonka property belonging to a billionaire who killed his wife and then himself is now the subject matter of a lawsuit submitted in Hennepin County.

Barbara Burwell, whose property borders the japanese edge of the 20-acre Jacobs estate at 1700 Shoreline Travel, on Lake Minnetonka’s Smith Bay in Orono, has filed a go well with professing a proposal to split up the house into various heaps would contravene town procedures on lake setbacks, and would also see portion of her residence taken and trees taken out to make way for street enhancements.

The house at 1700 Shoreline Travel is now in the fingers of trustees for the Jacobs estate, which arrives right after the demise of Irwin Jacobs and his spouse Alexandra in a murder-suicide in April 2019.

As properly as the Jacobs estate, Burwell is also suing the City of Orono for preliminarily approving the designs in February that would see 6 new houses created on the assets, nevertheless the program is nonetheless subject to comprehensive approval by the town council.

The lawsuit claims that the estate “produced an artificial normal lakeshore setback (ALS) line … that would allow for homes to be built even further south than would be allowed by the existing ALS line.”