This article reprint was recently published in Steve Leimberg’s Estate Planning Newsletter. Sharon Klein shares her insights on a case that has garnered intense media attention involving the disinheritance of Elizabeth Hurley’s son: “Disinheritance around a massive fortune, bitter court battles, out-of-wedlock children, iconic models, suicide…a soap opera plot? Hardly. The issue? Well, that is the issue: Are the settlor’s out of wedlock grandchildren beneficiaries of a trust created decades earlier? In reversing the trial court decision, a California Court of Appeal in Ellis v. Hurley confirms that the out of wedlock grandchildren are not considered trust beneficiaries.”
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REPRODUCED COURTESY OF LISI (LEIMBERG INFORMATION SERVICES, INC) at http://www.LeimbergServices.ComDownload Article