Rensselaer Semi-Weekly Republican, Volume 40, Number 15, Rensselaer, Jasper County, 29 October 1907 — Will of Nelson Morris Broken. [ARTICLE]
Will of Nelson Morris Broken.
The 'Chicago Tribune say*: A ttki.oOO.OOO will coijtest that was j argued ami settled but of court was disclosed when the last testament of Nelson Norris, the pecker, was hied for probate. As a result of this remarkable situation 1 he principal provision of tne will has been nullified. In stead of carrying out au arrange merit which would have held the bit Ik of the estate in trust for at leaet fifteen jears, the widow and her lour children will divide the pruptriy equally among themselves at outv. Instea 1 of *500,000 and an auuuiry of $15,000 during the next twenty yean-, each of the five principal heirs wi I receive at once *ii,ooo.ooo in cash and securities Furthermore, it necame known that the will was filed each of the hears secured title to a fifth part of estate. The property was allotted in equal shares to the widow and tho-ofiildren in binding agreements signed by the executor of the estate. When the trust arrangement had thus been wiped out the will was filed. Ever since Nelson Morris died nearly two months ago a strenuous, though friendly, debate over his will had been going on in the family. On one" side, seeking to abrogate the trust plan under which they would not have come into their inheritance for from fifteen to twenty years, were ranged the window andthree of the ehildren, Mn». Maurice L Rothschild, Mrs. Henry C. Schwab and Ira Nelson Morris. * •-
On the other-side, seeking to carry out the provisions of the will under which he would have been in control of the estate, stood Edward Morris, the eldest son and the present head of the Morris packing corporations. It was simply a case of divergence of opionion. The argument over the disposition of the packer’s millions reached a point where lawyers were retained by the opposing tactions in the family and a long-drawn-out legal contest was threatened. Finally Edward Morris met the views of the rest of the family and an amicable agreement setting aside the trust plan and providing for an immediate division of the property was signed by all the heiis. The business, however, will be continued as at present with Edward in control.
