As two daughters learned in the High Court there is a price for putting a wealthy parent in the cold. It means no money in the will. They should have thought of that when they fell out so badly.
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As family lives become less linear with more divorces, more ex-wives, more estranged children you will see more examples of a little reported High Court case yesterday.
Two daughters Juliet Miles, 40, and Lauretta Shearer, 38, went to the court to try and get their hands on a chunk of the £7million estate their successful dad had left in his will. All of it had gone to second wife Pamela and none to them.
The dad was Tony Shearer, the former head of the merchant bank in the City Singer and Friedland who had died at 68 from a brain tumour in 2017.
The daughters had gone back to the court for because they had failed in an earlier hearing to persuade the judge that they were entitled to “reasonable provision” from the will having claimed dad had left them high and dry having previously looked after them for the whole of their lives.
Juliet who lives with her mother in the £1.6million Old Vicarage at Enford, near Pewsey, Wiltshire, was seeking a chunky £915,991 while her sister, who makes £57,000-a-year working for Sotheby’s wanted £350,154. Both said they would use it for housing. Apparently they had referred to their dad as “The Chequebook” but there had been a falling out because allegedly he found their constant requests for money distasteful according to wife Pamela.
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But it was not that phrase that I felt got the heart of the problem but one that Pamela used from Shakespeare’s King Lear,
The phrase was; “Sharper than a serpent’s tooth is an ungrateful child,”
The daughters claimed the father “changed” when he married Pamela with a rift forming so deep he refused to walk Loretta down the aisle after he was told his new wife was not invited. They would have been better off inviting them both and none of this would have happened.
You will not be surprised to learn the daughters lost. The only winners will be the lawyers. I suspect at least £150,000 will have disappeared from the daughters’ bank accounts. Be interested to know who funded those bills. The mother?
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You will see more of these actions and you will see more children losing. If the dad (and it’s normally dad that makes the money but that is changing at a fair pace I am glad to report) is of sound mind and the children have cut him out of their lives because he has married somebody else then expect him to take revenge from beyond the grave.
Why should he make their lives easier when they made his life so painful. There is a price to be paid for putting a parent in the cold. If the child doesn’t want to pay the price try being nice. If not enjoy being skint. Or fighting for it and losing any money you do have to the lawyers.
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