Wendy Williams Placed Under Financial Guardianship
Written by torresanz on May 20, 2022
After decades of reporting Hot Topics, media maven Wendy Williams has now become one.
For, after making headlines in the lead-up to the end of her daytime talk show, the fallout that has followed has assured that the star has remained a fixture in the news cycle.
The latest drama centers around her finances and the situation has taken a shocking turn.
According to The Hollywood Reporter, Williams – who has publicly bemoaned the lack of access to her finances – has been placed under financial guardianship.
The development took place by way of an order made by a New York judge.
It means a financial guardian will oversee Williams’ finances until July. Per the report, a temporary guardian had been in place since March, when the judge agreed with her bank that it was necessary while the legal wrangle is ironed out.
So, how did the situation escalate?
Williams’ attorney La’Shawn Thomas asserts that the former shock jock requested her bank statements after suspecting misconduct by her financial advisor and sought to switch banks. A that required the statements she asked for.
Per the report, her bank denied the request and filed a petition for guardianship stating that Williams is an “incapacitated person” who is “victim of undue influence and financial exploitation.”
Speaking on the matter, Thomas said:
“Wendy doesn’t agree with a financial guardian being appointed. If it’s the court’s intention to have one appointed over her affairs for the long haul, she definitely isn’t going to accept that.”
It’s further claimed by Williams’ legal team that the bank denying her access saw her become at risk of defaulting on bills and causing financial strife. Williams is also on record saying that she believes that an advisor at the bank is lying about her being mentally unstable so as to prevent her access to her own money.
The news comes after the 57-year-old shared an Instagram video alleging that her former manager was attempting to be installed as a guardian over her.
It also arrives on the heels of Williams asserting she is set for a comeback and reports of a podcast deal worth a possible $100 million.
Suffice to say, this is all sorts of a tangled situation. Time will tell how it all plays out.