Melvin Simon was one of the richest men in the Midwest until he died last year, at age 82. A co-owner of the NBA’s Indiana Pacers, he built most of his fortune developing and owning shopping malls. Melvin Simon estate have been estimated to be worth close to $2 billion. That vast fortune is tied up in a nasty legal battle over his will and trust, as explained in this prior article of The Probate Lawyer Blog.
Like many second-marriage situations, the widow, Bren, does not get along with the Mel Simon’s children from a prior marriage (to say the least!). And they aren’t too fond of Bren either. The children, led by daughter Deborah, sued because Simon signed new estate planning documents seven months before he died, raising Bren’s inheritance from one-third up to one-half, at the expense of the children.
Why did the kids challenge this (other than the obvious)? For one, they claim Mel was so sick from cancer, dementia and neurological disorders that he couldn’t