Walt Disney World is a great vacation spot and a wonderful way to spend the holidays. We just returned from there with our three children. So it’s ironic that we recently learned about a messy court fight involving two of Disney’s grandchildren and their share of the massive Disney fortune.
Disney passed in 1966 at the age of 65. He left behind two daughters and 10 grandchildren. One of his two daughters, Sharon Mae Disney, had married and then divorced a real estate developer named Bill Lund. Lund was the man who located and helped select Orlando, Florida as the site for Disney World. Sharon and Bill had twins, born in 1970, named Michelle and Brad.
Sharon created trusts to pass on her share of the Disney fortune to her three children (her other child was from a prior marriage). Under the trusts, the twins were entitled to substantial distributions.
How substantial? In additional to yearly distributions of around one million dollars, they can each receive larger amounts, every 5 Read more...
It surely must rank as one of the most devastating will contest cases any country has ever seen … especially for the hundreds of thousands of impoverished children in Panama.
Wilson Lucom (pictured, right) was a wealthy tycoon from Florida whose third wife, Hilda, was from one of Panama’s wealthiest families. Hilda had previously been married to a powerful politician in the country and has five adult children from that marriage. Wilson and Hilda lived in Panama when he died in 2006.
Wilson Lucom’s will left more than $50 million to help the staggering number of poor children in Panama. Hilda and her family weren’t very happy with the will and filed legal proceedings to have the will thrown out in 2006. You can read our prior blog article about the case here.
Wilson’s will was upheld by the first two courts in Panama that heard the case. But Hilda appealed again, to Panama’s Supreme Court. Before the ruling came out, there were some interesting articles, including this one Read more...