Liz Hurley has a child with eccentric businessman Steve Bings. His grandfather did everything possible to exclude his son’s illegitimate children from the family inheritance. Liz Hurley now spoke of this rejection.
Last year, eccentric businessman Steve Bings killed himself. He and Liz Hurley were once a couple, and this relationship also resulted in a child. Their son Damien. But Bings’s death was overshadowed by a bitter dispute over his grandfather’s legacy. The situation is complicated. Steve Bings had wasted his own inherited fortune, when he died he was practically insolvent and there was nothing to inherit from his accounts. But grandfather had taken precautions. Perhaps because he had an inkling of what his son would do with the money, he had set up large trust funds to provide for the “grandchildren”.
And even if Steve Bings had hardly any contact with his son throughout his life and only began a tentative rapprochement before his death, Liz Hurley and her son Damian could still believe that they were financially secure. Just like his half-sister Kira.
Relentless grandfather
But it was not that simple, because the grandfather from whom the money came wanted to exclude the two illegitimate children from the fund. This led to a bitter trial. In 2019, after a first judgment, it looked like Damian and Kira would be considered. But the process went to the next instance and there the grandfather won: grandson Damian does not receive a single penny from the property.
Horrified by the cold-heartedness of the grandfather, Liz Hurley turned to the British tabloid “Daily Mail” with a statement. “When Stephen took his own life, he died believing that his children would be looked after,” she told the paper. “What Stephen wanted has now been callously turned into its opposite. I know Stephen would have been devastated.”
In fact, the turn to his illegitimate children is based on a turn in the last few years of his life. Steve Bing had previously refused to publicly acknowledge 19-year-old son Damian or Kira, 23. In his own will, which he drew up when Hurley was pregnant, he excluded both of them from inheritance. He simply denied paternity, it was only proven when a private detective fished his dental floss out of the rubbish.
Daughter’s children favors
While Steve Bings changed his mind, billionaire Dr. Peter Bing on the old course. He went to court to exclude the illegitimate children from his “grandchildren trust fund”. He had set it up 40 years earlier. His justification was always that when he set up the fund, he only thought of legitimate grandchildren. The grandfather does not comment; the real reason is probably not his attitude towards illegitimate children, but a deep disappointment in the life of a son. Steve inherited £ 460 million. And used it for a life in the jet set and in the gossip columns. He took drugs, was considered an unrestrained spendthrift and had countless affairs with Naomi Campbell, Uma Thurman, Sharon Stone and Farrah Fawcett, among others.
“Damian’s grandfather, Peter Bing, tried to keep Stephen’s children, including Damian, out of consideration as his grandchildren in the irrevocable trust he had previously set up,” said Hurley. “Stephen fought very hard in the last year of his life to get his children recognized and kept telling me how incredibly important it was to him. He was overjoyed that the court ruling decided that Damian, as far as the Trust was concerned, how his sister’s children should be treated. I am just relieved that Stephen will never find out that Damian’s relatives – Stephen’s father and his sister Mary’s family – ultimately succeeded in their appeal against the original court ruling. ”
Kira’s mother, Lisa Bonder, sees it the same way. “It’s awful – that’s her grandfather and he says, You don’t count and I don’t want you to be a part of our lives because your mother wasn’t married to my son. Damian and Kira were disinherited from the Bing family fund . There is no recourse, you can’t go back. You have lost. It was very painful for you and left a familial void that Damian and Kira have to deal with. ”
The now 90-year-old Dr. Bing prevailed. The judgment states that as the founder of the fund, he can freely decide on the donation. Only his daughter’s children are now benefited.
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