Greedy or Caring?

Taken from AOL news.

The daughter of Europe's richest woman has asked that her mother be placed under judicial supervision, BBC News reported.

Francoise Bettencourt-Meyers, 56, insists that her 87-year-old mother's lavish gifts to a friend -- totaling about $1.5 billion -- raise serious questions about her state of mind.

Liliane Bettencourt's fortune derives from her sizable stake in cosmetics giant L'Oreal. In 2009, Forbes estimated her worth at $13.4 billion, and declared her the 21st richest person on the planet.

Such wealth would seem to be virtually inexhaustible. But over the last few years, said the BBC, Bettencourt has showered huge quantities of money and gifts upon Francois-Marie Banier, a 62-year-old photographer and artist.

Bettencourt-Meyers has pressed charges against Banier, accusing him of manipulating her elderly mother and treating the cosmetics heiress as a human ATM. That case will come to court next week, said the BBC.

If convicted, Banier could serve up to three years in prison, said The New York Times. Meanwhile, Bettencourt-Meyers and her lawyer, Olivier Metzner, are asking for her mother’s finances to put placed under court authority. "

Bettencourt has dismissed her daughter's charges as nonsense, said the BBC. And in a rare 2008 interview quoted by The New York Times, the matriarch defended her friendship with Banier and questioned her daughter’s motives. "I have known Francois-Marie Banier for more than 20 years," she said. "My husband knew him for 20 years. What fly has bitten my daughter?"

Carrie Pink Thoughts

So this story has a 2 fold scenario.

Is the daughter just a greedy wench who doesnt want to have her inheritance depleted by her mother or is she really just a caring daughter?

If the mother is 87 and still lives on her own to me that says that so far to date the mother is still well enough to care for herself. This isn't a story over the genuine concern of her mothers mental state, but more on the state of the mothers MONEY. In addition Mrs Liliane has the right to spend her money however she feels and may be looking for A) a way to spend some for tax reasons, B) just because she feels generous, and or C) doesn't want to leave it to her greedy child D) is getting it on with Mr Banier and likes to play Suga Mama E) is senile and doesn't know she is being swindled.

Any of the above are possible, but B) C) and D) seem the most likely from the story. I have a client right now who is 85 years old and looking to invest $250 million cash just because he doesn't want his children to inherit ANY of it. Why? He doesn't trust them, He is investing the money into long term business agreements and real estate deals of $25 Million a pop and is signing contracts to not be paid a return on of his investments for 75 years. That way his grandchildren and great grands will receive all the money. He has willed to his children only $1 each.

What do you guys think? Is she being greedy or caring?

Carrie Pink
Pretty World Inc
Modern Day Supergirl

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