No Dessert for JELLO Heir
By: Martin M. Shenkman, CPA, MBA, JD
Who is an Heir:
A direct descendant to the JELL-O fortune, born out-of-wedlock and given away for adoption relinquishing her parental rights, is not entitled to be a beneficiary of a family trust for descendants and living children. Further, there was no evidence that the grantor knew of her birth or adoption. In the Matter of the Accounting by Fleet Bank, as Trustee of the Trust f/b/o Barbara W. Piel, 2008 WL 656471 (N.Y.), 2008 N.Y. Slip Op. 02082, March 13, 2008.
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