Briefing
Issue 4 • Aug – Sep 2013
Rock and roll will never die, but …
T
hin Lizzy guitarist Gar y Moore unfortunately left no will and no instructions on how to distribute his £2 million estate, so intestacy rules apply. This means that his girlfriend Petra Nioduschewski, to whom he is reported to have proposed shortly before his death, will receive nothing. Instead, under English probate law the proceeds of Mr Moore’s entire estate is likely be divided equally between his four children. The musician died two years ago in Spain after a drinking binge. Sadly, it seems that the rock star lifestyle became a reality for this talented guitarist who
perhaps forgot or chose not to take care of his practical responsibilities as a partner and father until it was too late. This we are sorry to say, is all too common among UK citizens. If you do not make a will your estate is dealt with under the laws of intestacy. It may be that dying intestate will affect the people you leave behind more than you realise. If you need to find out about making your will, please visit our main site. Our online will form lets you input the details for your will very easily. We will then create your will for just £25, including VAT.
Gary Moore: His girlfriend may never see any of his £2 million fortune
Widow’s £50K a year ‘not enough’ A lthough we at IWC strongly agree that it is always advisable to leave enough funds to ensure the financial wellbeing of those you leave behind – at least for the short term – even we were staggered when we read about millionaire’s widow Rosana Berger’s probate dispute. The late Clive Zola Berger, a property tycoon, died in 2005 leaving an estate worth around £7 million. Rosana, his second wife, aged 77
when he died, was to be allowed to remain in the £4.25 million family home for the rest of her life. In addition, a large portion of the estate, valued at almost £3 million, was to be put into a trust, providing her with an income for life. Most of us can only dream of such an inheritance. But Mrs Berger has since been disgruntled, claiming that the resulting £50,000 a year income is not
sufficient to fund her lifestyle, with staff for the eight bedroom home costing £33,000 per year. When asked how much she would need to live comfortably, Mrs Berger replied £222,540 a year – a figure which, perhaps understandably, Mr Berger’s sons from his first marriage – are questioning. Mrs Berger has been told by a High Court judge that she has left it too late to make a claim.
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