Hide Article Text (OCR)
Lloyd Estate Heirs Appear Before Court■Damand Explanation On Reputed Dwindling Of Estate From Over Million To $350,000Menominee, Mich. — (/p) — The heirs of Marshall Burns Lloyd, inventor and baby carriage manufacturer who died in 1927, were in court again today, this time demanding* an explanation from Mrs.Henrietta Pollen Lloyd Merril, Milwaukee, and the Detroit Trust com-r. pany, as to why the estate has reputedly dwindled from $1,617,000 to less than $350,000.Mrs. Merril, Lloyd’s third wife, obtained a widow's share.of the estate after a sensational-trial in 1928 when Margaret Isadora Lloyd, Los Angeles, his second wife, contested the will and maintained she.had a legal right to the widow’s shhre.Cyrus S. Lloyd, Los Angeles, brother of the manufacturer, yes ter-day charged that beneficiaries were : not consulted in matters pertaining to the estate and said it was neces- i sary to appeal to probate court for, a hearing. The court set March 20 for the hearing.Lloyd with other heirs, demanded ,a detailed accounting from Mrs. ;Merril, co-executor, and the Trust company, trustees of the estate.The fortune ,according to statements filed in probate court here, started a toboggan when Margaret Lloyd won $25,000 back alimony in 1928, That case, the papers said, cost the estate more than $95,000. Trial expenses listed attorneys’ fees of $35,000 for Isaac B. Kipson, Chicago; $18,700 for John J. O'Hara, Menominee; and $6,649 for G. Lester Field, Detroit. In addition, the attorneys were listed as having received $2,000 traveling expenses.In addition, the beneficiaries say, they want detailed information of other expenditures. They said the Detroit firm received $70,500 executor’s fees when under Michigan laws they were entitled to but $17,000.
Newspaper Details
Sheboygan Press
Sheboygan, Wisconsin, US
Tue, Mar 04, 1930
Page 13
Full Page
Clipped by
Rick M.
USA 23 Mar 2022
Other Publications Near Sheboygan, Wisconsin
Sheboygan Mercury
Evening Press
Sheboygan Press Telegram
Sheboygan Press
Sheboygan Evening Press
