Canadian economist Robert Mundell left behind a big estate, and lots of family drama.
-winning Canadian economist Robert Mundell, often referred to as the “father of the euro,” died at his palatial home inwithout a will in 2021. Now his heirs are squabbling over the villa and millions of dollars in assets they believe were illegally commandeered by his widowed second wife.
Robert Mundell had three children with his first wife: William, Robyn, and Paul, who was killed in a car accident in 2018. Two of Paul’s four children, Alexander and Lily, joined the lawsuit. Paul’s third child, Alice, died in 2023, while his youngest child, Lucy, is not a party to the litigation.According to the complaint, Robert Mundell spent portions of his career on the faculties of Columbia, the University of Chicago, and Johns Hopkins.
After the stroke, Mundell, operating with reduced mental capacity, “expressed as best he could that he wanted all his assets split five ways,” the lawsuit says. William, Robyn, Paul, and Natsios-Mundell would each receive a share, as would Mundell and Natsios-Mundell’s only child, Nicholas. Also that month, the suit says, Natsios-Mundell tried to have Mundell’s signature notarized on a power of attorney form and told the notary that her husband “was unable move around or speak due to the stroke.” The notary allegedly refused, telling her wife that “he could lose his license.”
Natsios-Mundell could not be reached for comment, nor could Lily and William Mundell. Alexander Mundell declined to speak, while the plaintiffs’ lawyer, Gary Krim, declined to elaborate beyond the complaint.
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