Remember that famous movie Austin Powers? Remember Powers’ right-hand woman, Vanessa Kensington, played by Elizabeth Hurley? Of course you do! Unfortunately, Hurley (much like the rest of us) is not doing too well: she is devastated that her son has been cut out from his grandfather’s $250 million dollar fortune.
With his mother a famous actress, Damien Hurley will no doubt be set for life, with the vast connections and resources his mother has, but it is more than just about money, people want to feel connected with with their family members. Being cut out from an inheritance, can feel as though they are being left out and ostracized. Steve Bing was the father of Damien and wanted his son to be financially secure. Both Damien and his sister, Kira, were cut off from their grandfather’s inheritance. Dr. Peter Bing, the father of Steven Bing, had refused to acknowledge the two siblings, as they were born out of wedlock. Kira Hurley, the daughter of Elizabeth, tried access some of her grandfather’s funds (in Trust) that she believed she qualified for.
The trust in question was arranged as follows: “any grandchild must be “raised by my children as part of their families” and that his trust “would not benefit any person bought out of wedlock unless that person had lived for a substantial period of time as a regular member of the household.” This is a complicated situation, to say the least!
You can read more about the whole debacle here: Hurley’s son cut off from $250 million dollar fortune.