Multi-millionaire Reg Bond (pictured left) died aged 77 in March 2021 after turning £350 into a £55m business empire based on rubber tyres.
Two siblings who were cut out of their father's £55m inheritance have won a 'bitter' court fight with their two brothers who received £6m each.
During the trial, the court was told by witnesses on Mike and Lindsay's side that Mr Bond had been so confused at the time he cut them out that he 'couldn't remember what he'd had for lunch' each day. The decision at London's High Court means a previous 2017 will, splitting Mr Bond's last £12.3m worth of assets between all four kids, will be reinstated.
But older siblings Mike Bond and Lindsay have a bitter court fight with their siblings to win a share of their father's inheritance The court heard that he began estate planning in 2017, handing over a total of £43.45m worth of shares in R&RC Bond Wholesale Ltd - the family company behind Bond International - equally to his four kids.
For Mike and Lindsay, Penelope Reed KC told the judge the siblings were left in shock when they learned of the new will after their dad's death. The will was also 'invalid for want of knowledge and approval,' she claimed, asking the judge to overturn it and reinstate the previous will from 2017. Doctors' records also proved their dad's mind was fine, while videos in the run-up to the making of the will showed him doing squats in a gym.
A crucial question in deciding whether the will was valid was whether he knew that, in leaving the company to Charlie and Graham, he was cutting out Mike and Lindsay of most of their inheritance. 'Accordingly, I find that Charlie and Greg have not satisfied me on the balance of probabilities that Reg had testamentary capacity to make the 2019 will.'
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