Gina 'using children's money'
Gina Rinehart is withholding hundreds of thousands of dollars in family trust payments meant to go to two of her children, court documents claim. She has told them she is using the money as security to repay her defence costs against their "malicious …
Read more: Gina ‘using children’s money’
The legal strategies behind years of family agreements appear never to have been transparent to other family members in this case. Two or three of four children against their mom. Mom does no trust reporting to her children beneficiaries relying on an agreement they made years ago and a poison pill change to the documents. The money came from grandpa. Sad and unnecessary. So easy for money to keep families from communicating.
The legal strategies behind years of family agreements appear never to have been transparent to other family members in this case. Two or three of four children against their mom. Mom does no trust reporting to her children beneficiaries relying on an agreement they made years ago and a poison pill change to the documents. The money came from grandpa. Sad and unnecessary. So easy for money to keep families from communicating.