Half-a-Billion-Dollar Man Leaves Only $1 Million to Family

A wealthy, $500 Million business man who just died, has left his massive fortune in trust.  He “only” left $1 Million to each family member.  Is that fair?

$500 Million Left in Trust:  Avoiding Probate ?

• The New Zealand Herald reports online that a 97 year old business man worth half a billion dollars left it all in a family trust… sort of
• Is that fair?
• Should his family have to ask….request… money from a trustee?
• Well, in this case, according to the written article, the heirs don’t get anything from the trust…. they were already provided for.
• So, what , exactly does the will say and what does the family trust say?
• Revocable trusts can avoid probate, we all know that; but…… would a Florida probate lawyer have advised that?

Inheritances and Probates

• Would you be upset if you knew that your rich dad left your inheritance locked up in  an irrevocable trust?
• Is that fair?

Before you start calling Palm Beach probate lawyers or posting commentary on an inheritance blog, consider reading more.

Here is the link to the New Zealand Herald inheritance story online:  http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11313349