14 December 2017

Estate: re Carson

After having no contact with their father for over forty years, four children of reclusive Nelson-based Wayde Carson learnt their late father had cut them out of his will.  He intended his multi-million dollar estate boosted by wise investments following a Lotto win be used to promote Galloway cattle.  Estate trustees got a High Court order delaying implementation of the will to give his children time to get legal advice.       
Mr Carson died in 2015.  He had no contact with his children after separating from their mother in 1974.  He left instructions that his death was not to be advertised, siblings were not to be told and there was to be no contact with his four estranged children.  His will directed that the balance of his estate was to go into his Carson Family Trust.  The Trust’s primary purpose is to promote Galloway cattle.  Also named as discretionary beneficiaries are Lincoln University, his children and grandchildren, and his relatives.
Estate trustees expressed concern his children would lose all rights to challenge the will once estate assets had been transferred across to the Carson Family Trust.  By chance, one of the children learnt of her father’s death over two years after the event when trying to contact him with news his eldest child was ill with cancer.  The trustees then discovered all four children now live in Australia.  At the trustees’ request, the High Court ordered implementation of the will be delayed six months, allowing the children time to consider making claims under the Family Protection Act.  This Act allows estate claims by family members not otherwise adequately provided for.  Rights under the Act expire once an estate is distributed.  The High Court ordered one million dollars be transferred immediately into the Carson Family Trust for the trustees at their discretion to distribute amongst the four children.  The value of Mr Carson’s estate was not disclosed.
re Estate David Wayde Carson – High Court (14.12.17)

18.019

Post judgment note: Mr Carson's four children subsequently made Family Protection Act claims against his seventeen million dollar estate, each being awarded $1.25 million dollars.  Each has a contingent right to share in his residuary estate as a discretionary beneficiary of the Carson Family Trust which is intended to operate as a trust promoting Galloway cattle.  Payment to the children from this Trust is at the discretion of Carson Trust trustees.