inheritance question?

Question

I read a newspaper article that was about a lawsuit. two daughter receved 2 billion dollars each from his living father as a heritage. But, the daughters filed the lawsuit for few billion dollars more against their father who is the owner of hotels.( I forgot the hotel name.anyway he is the one of the 100 people who are the richest people in the U.S.A) My question is that "Is it highly possible for the two daughters to win the case and take/rob more money from their father? If yes, can all children file this kinda lawsuit against their
father? even stepfathers or fathers who they have never lived with?

I am not involed in this kinda case and never going to be in. Just general curiosity.
Paris hilton inherited 500 million dollars from her livingfather because fathers can avoid a lot of taxes if they give children heritages when they are ailive.So I guess that it's not a gift

Answer 1

It sounds like you're talking about the Pritzkers. The family owns the Hyatt hotels. It was really a boy and girl and probably 1/2 a billion each. The girl, estranged from her father, was the star of "A little Princess", the movie that won Cuaron the right to direct a "Harry Potter" movie. I guess she really was a little princess.

The money came not from the father's estate, but the great-grandfather's estate. The father was supposed to watch it for them as a trustee. Instead, he raided them through odd trades, to reduce their value. He said they were really much younger than their cousins, so should be treated like the next generation. But it wasn't his to decide because it wasn't his money to begin with. It was his grandfather's. I read an article years ago when it was happening. I haven't heard anything recently, though.

You can't require your father to give you an inheritance, but you can force him to fulfill his legal duties as a trustee of someone else's. It was never his money, so they didn't steal it from him. By the way, he didn't funnel the money to himself, but to his neices and nephews under the trust.

Answer 2

It sounds like your are in Britain. i do no longer understand some thing about British regulation yet in California an inheritance is considered "sole and separate" belongings no longer marital belongings. also the actual undeniable reality that they are already divorced ought to look to ascertain that the inheritance is hers on my own. it form of feels to me that the solicitor is announcing that "once married continually financially joined" and that merely would not sound acceptable to me. if it truly is so then can your pal declare portion of her ex husbands destiny earnings if any? all of it sounds slightly fishy to me. ought to it truly is that hey shared an analogous solicitor for the divorce and the solicitor changed into retained by making use of her ex husband? if it truly is the case, the solicitor may be biased or truly merely representing the ex. If I were your pal, i ought to get a 2d criminal opinion because it sounds like this solicitor has bats in his belfry.

Answer 3

No. There is no inheritance until after someone dies. Before that, it is a gift. Most states do not require that any amounts be left for birthed children (adopted children are a contract with the State, so most states do require something to be left to them). So, inheritance is still a gift.

Answer 4

Wonderful system, isn't it. I guess if you have that much money, finding dishonest lawyers who will take your case so that they can line their pockets as well is a easy thing to do. For the average working folks, well, it just isn't that easy. If the lawyer isn't going to make a lot of money, good luck with your case.