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A High Court judge has ruled that nearly $30 million from the estate of the late legal luminary Frank Solomon, SC, must be divided equally between his widow and two children, bringing an end to a lengthy legal battle over trust funds and estate management.
Justice Betsy Ann Lambert-Peterson found that Solomon, a respected senior counsel who died November 30, 2018, had established a trust in 2012 — known as the Abercrombie Trust — naming his wife, Marguerita, and two children, Daniel and Ingrid, as equal beneficiaries. Despite the widow’s claim to the full amount from a joint account created days before his death, the court ruled the funds remained under trust. The decision was delivered earlier this month.
“The defendant breached her fiduciary duty by transferring $30,191,946.71 from the Abercrombie account to her personal account,” the judge ruled. “The trust subsisted at the time of Mr Solomon’s death and continues to subsist at present.”
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