Saturday, June 18, 2011

Simon Property Copley Place Owners Involved In Inheritance Litigation

The Indiana-based billionaire Simon Dynasty that wants to build a 47-story luxury residential skyscraper on top of the Copley Place shopping mall that it owns in Boston's Back Bay has apparently been involved in a "Simon vs. Simon" court battle in Indiana in recent years. According to a WISH TV website posting of July 2010:

"NOBLESVILLE (WISH) - Initially we expected the fight over Mel Simon's billions to continue today in Hamilton County Superior Court. Both sides will now be at it again later this month.

"Simon's widow Bren and Simon's children are at war over his $2 billion fortune. 24 Hour News 8 has learned just how explosive the feud is; we obtained a copy of Bren Simon's deposition where she reveals her husband's dying wish -- to fight the kids (from Mel's first marriage) so she could have a 'say' after his passing.

""For three weeks, the last three weeks of his life," Bren tearfully testified: "every night I would sit with him and he would squeeze my hand and say, 'fight 'em Bren, fight 'em.'"

"The Simon kids claim their father was coerced to change his will while on his death bed, drastically reducing their inheritance and upping Bren's by as much as $300 million.

Watch 24 Hour News 8's Brad Edwards' full report (to the right) where in a 5 hour deposition, Bren Simon details her husbands final days and the war with his kids. At one point, tension was so high Bren ordered security to keep the kids out of their $ 50 million Bel Air estate

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