Refresher re-post.
2021 rbbm
Details of the slain billionaire’s will were included in a box of documents that has been sealed since shortly after Barry Sherman and his wife, Honey, were murdered. The Star’s bid to see the court file ended Friday with a ruling from Canada’s top court.
www.thestar.com
''Honey Sherman had no will. Barry had two. Most of the slain billionaire’s estate is wrapped up in his private companies and, so, documents unsealed by a court Friday list assets of just $124 million.''
''The billionaire’s estate papers reveal their
four children were left equal shares of a fortune that the financial press, at time of death estimated at roughly $4.7 billion, but that Star sources say is more in the neighbourhood of $10 billion. Apotex, and Barry’s many other private business pursuits, are not covered by the documents that were released.
But Barry had a caveat. The one quarter share a child was to inherit would only be paid out when the child reached 35.''
''His primary will — the original copy is in the box — is a simple document dated May 13, 2005. The will, and associated documents in the court file, state that his entire fortune is to be treated the same, both the relatively small amount of assets in the primary will, and the billions (no accounting is provided) in his secondary will.
Barry’s instructions, should he die before
Honey, was for the “net annual income” of all of his holdings (including Apotex) to be paid to Honey in quarterly instalments “or such other periodic payments as my wife may direct.” Barry also left instructions in his will to provide other payments to Honey, but those are not specified except that they refer to Barry’s “capital” related to his various businesses.
Upon Honey’s death, Barry’s will states, his
children are to split his fortune equally, only receiving their individual portion once they reach 35 years of age.''
According to the estate records, dated June 2018, Honey died “intestate” — meaning she had no will.
The documents provide an accounting of each of their assets at time of death. The documents do not list specific assets, nor do they say how they arrived at this amount.
Barry had $66.9 million personal property and $1.8 million in real estate.
Honey had $45.9 million in personal property and $9.5 million in real estate.''