Lawyers are preparing for battle in Essex County, N.J., over whether the $10 billion estate of Taiwanese industrialist Wang Yung-Ching, who died intestate last year in his Short Hills home, should be administered in New Jersey, in whole or in part, and which law should apply.
The case involves not only extensive financial and commercial holdings but also an extended-family relationship that includes a widow, two putative secondary wives — who under Taiwanese law would share in the estate — and nine children, all of whom have lawyered up.
Full Article and Source:
Lawyers Wrangle Over NJ Venue for Taiwan Magnates Estate
See also:
NJ Judge Seeks More Info on Billionaire's Fortune
N.J. Judge Retains Case Over Estate of Formosa’s Wang
More information:
Tycoon's Children Battle to Control Late Father's Cash
Estate Hearing
4 comments:
There's money to be made off of this battle. You can bet it's going to be a fierce fight to gain jurisdiction.
Nine kids all with lawyers and with a lot on the line.....what they probably don't realize is that's a lawyer's dream.
I imagine all the lawyers are drooling!
any guesses how much money will be left after the feeding frenzy stops? hee hee hee this is a lawyers dream endless money oh my gosh and this will draaaaaaaaaaag out as long as possible and with all those kids hmmmmmmmmmmm do the math. lawyers love and pray for dysfunctional families, conflict, controversy and yes pain and suffering and even death = mega millions yeah i know so sorry for the comments not meaning to offend the good guy lawyers out there (yes they do exist) who give and work their behinds off for not much money for the better of society.
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