“Clause seven establishes the appointment of an executor and administrative authority for Caldwell Capital Holdings Incorporated.”
Tracy’s advisor frowned and shifted in his chair because none of us fully understood the legal structure Gregory had created.
The attorney continued.
“My mother, Mrs. Evelyn Caldwell, is hereby appointed executor and sole administrator with complete management authority and voting power over the company’s assets for a period of ten years, renewable upon approval by the foundation board.”
The words seemed to echo across the room.
Tracy remained motionless for several seconds before finally speaking.
“That cannot be correct,” she said sharply. “I am his wife.”
Lawrence calmly adjusted the documents before answering.
“Your marriage contract established separation of property, and most of the assets are controlled by Caldwell Capital which holds the investments and proceeds from the sale of the original company.”
Tracy tapped her fingernail against the table with growing frustration.
“The inheritance should belong to me.”