March 1, 2012
Samsung Heirs File Probate Disputes Twenty-Five Years After Father's Death
Lee Kun-hee, the chairman of Samsung, has been sued by his sister, Lee Sook-ee, over the Samsung Group company shares Lee Kun-hee inherited from his late father. Lee Sook-ee alleges the shares, worth £107million, are rightfully hers and is demanding the return of the assets.
Two weeks ago, Lee Kun-hee's brother, Lee Maeng-hee, sued Lee Kun-hee, demanding £396 in Samsung shares and cash that he claims Lee Kun-hee kept after their father bequeathed them to Lee Maeng-hee.
While court documents filed by Lee Maeng-hee state, "the stocks... were assets put in a trust under the name of non-heirs, and they should have been apportioned to the heirs according to law," many outsiders are questioning why the siblings waited until now to file probate disputes as their father, Lee Byung-Chull, died in 1987.
See Tessa Jones, Samsung Boss Involved in Second Probate Dispute, The Co-Operative Legal Services, Feb. 28, 2012.
Special thanks to David S. Luber (Attorney at law, Florida Probate Attorney Wills and Estates Law Firm) for bringing this article to my attention.
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