Monday, June 17, 2013
John Berry Wild died leaving behind a legacy worth millions. In 2009, Wild created a family trust leaving his assets to his wife, son, daughter and six grandchildren. The trust was set up to be tax efficient. WJ Wild Group Ltd, worth £2.3 million, was property of the family trust and was supposed to be split four ways. Wild hoped the trust set up would prevent family discord and substantial tax bills. However, after Wild’s death his son brought his mother to court because he believed she was going to disinherit him. The court heard about the 'long-standing animosity' between the mother and son. Because of the disagreements, the son, who was one of the trustees to the trust, refused to pay his mother £500,000 (her share) of Wild’s money. The court ruled that the son had been unduly influenced and should be removed from his duty as trustee and that the funds immediately be released to Wild’s widow.
See Harriet Arkell, Family Torn Apart Over Father's £2.3 Million Inheritance Row After Son Accuses Mother of Writing Him Out of Her Will, Dailymail.co.uk, Jun. 10, 2013.
Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.