Monday, November 16, 2009

Legal Battle Over $5 Mil Estate Ends

A legal battle over the estate of beloved University of Rhode Island Prof. Beatrice S. Demers has ended, clearing the way for a bequest that will make almost $5 million available for scholarships for Rhode Islanders who want to study foreign languages.

In a consent order filed in South Kingstown Probate Court in October, Therese Germani, a first cousin of Demers, agreed to drop her challenge to a will executed by Demers in 2002. That means unless any last-minute objectors surface, the assets governed by the will, and from a trust Demers established at the same time, will be distributed to her named beneficiaries, all of them charitable or educational organizations.

Full Article and Source:
Her Love of Languages Finally Honored: $5 Million for Scholarships Released

3 comments:

  1. I wonder how much the lawyers profited from this battle.

    ReplyDelete
  2. Oh, you betcha lawyers dream like winning the lotto. Advice to people SPEND, SPEND, SPEND your money now or others will spend it for you!

    ReplyDelete