Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Friday, December 4, 2009

Cave Dwellers to Become Billionaires

Peladi_Brothers Zsolt and Geza Peladi, two homeless brothers living in a cave outside of Budapest, have just learned that they will share, along with their sister who lives in the United States, their German grandmother's fortune worth over $7 billion.

See Henry Samuel, Penniless cavemen inherit $7.2bn, theage.com.au, Dec. 3, 2009:

''We knew our mother came from a wealthy family but she was a difficult person and severed ties with them, and then later abandoned us and we lost touch with her and our father until she eventually died,'' Geza Peladi, 43, told ATV television.

Under German law, direct descendants are automatically entitled to a share of any estate.

''If this all works out, it will certainly make up for the life we have had until now - all we really had was each other - no women would look at us living in a cave,'' he said.

''But with money, maybe we can find a partner and finally have a normal life. I understand it was only while they were carrying out genealogical research that lawyers found we existed.''

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.

http://lawprofessors.typepad.com/trusts_estates_prof/2009/12/cave-dwellers-to-become-billionaires.html

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