LegalX Blog is dedicated to bringing you the latest interesting news in law and providing you with legal resources that can help you make informed decisions.
Posts Tagged ‘Raymond’
Allan Scott’s Estate in a Family Battle
Tuesday, August 4th, 2009
As a trucking magnate, Allan Scott accumulated an estimated $600 million estate. His two favored children will receive a big bulk of this empire. However, there is a current rift developing within his family due to the fortune he left behind.
A source close to the Scott family said that some relatives have been angry that Mr. Scott short-changed his grandchildren, as only three were explicitly mentioned in the last will. The source said that “Zena’s got all the power and money so she can do whatever she likes.” Due to this some relatives are filing a legal challenge. On the other hand, his widow, Grace Scott, have not yet seen a copy of the will. She said the family kept her in the dark about the inheritance. “I’m very illiterate when it comes to this legal stuff,” she commented further.
Mr. Scott died of heart failure and left all his wealth and business in the hands of his two children, Raymond and Zena as well as lawyer and business associate Tony Johnson. His will acknowledged that Raymond and Zena should receive a greater portion of his estate because they spent their effort, time, and goodwill to contribute a lot to the business.
Tags: Allan Scott, business, empire, Grace Scott, lawyer, legal, Raymond, Tony Johnson, trucking, will, Zena
Posted in Wills | No Comments »
Raising $5.1M in a Trust
Thursday, July 30th, 2009
Everyone worked the negotiations quickly when Raymond family offered to sell Maplecroft Farm. It’s their privately owned property consisting of 250 acres of scenic views, wetlands, farmlands, and a little mix of wildlife habitat. After 70 years, the property still has high conservation value and the development rights to various conservation organizations are for sale.
Trust for Public Land is the national nonprofit leading this fund-raising effort in preserving the property. It has to raise $5.1 million until February to purchase conservation easements in order to keep the farm’s permanent open space. Pending availability and approvals, the funds would come from contributions and private donations. Currently, there’s $3.4 million in their account and most would go to purchase Maplecroft easements.
Whitney Hatch, director of Trust for Public Land, leads the fund-raising effort. Fortunately, a Boston developer, Neil St. John Raymond, continuously living on the property approached town and conservation organizations first. He made it clear to them that the land needs to be preserved as an open space. As part of agreement, however, portions of this site will be used as public trail for horseback riders, hikers, etc. Raymond declined to comment when asked on his future plans if Trust for Public Land would not be able to meet the February deadline.
Tags: Maplecroft Farm, Neil St. John Raymond, Raymond, trust, Trust for Public Land, Whitney Hatch
Posted in Family Trust | No Comments »