Daily news from the Canaries and the islands' biggest English language newspaper on-line
    Friday 19.03.2010
Daily news from the Canaries and the islands
   Daily news from the Canaries and the islands' biggest English language newspaper on-line

Battle royale
Tenerife woman’s inheritance shock
The strange decision by a millionaire to leave all his wealth to the Spanish royal fam­ily looks set to cause a bitter legal battle.
The deceased was a great admirer of the heir to the throne
The deceased was a great admirer of the heir to the throne
© Phil Crean

01.02.2010 - Maria Carmen Arregui Llabrés, a retired doctor from Tenerife, is almost certain to ask for the legal­ity of the inheritance to be verified after discovering that she and her sister, the only surviving relatives of the recently-deceased Ignacio Balada Llabrés, were excluded from his will, despite moving to the Balearic island of Menorca to be with their cousin dur­ing the last weeks of his life. Balada’s fortune, estimated at 30 million euros, has been left to Prince Felipe, his wife Letizia, and the eight grandchildren of Spain’s King Juan Carlos. Half of the fortune is to be used to set up a charitable foundation in Balada’s honour, adminis­tered by Prince Felipe.

Media reports say that the bachelor millionaire, an only child, was a com­mitted monarchist and a great admirer of the heir to the throne.   



This article appears in the print edition 609 of Island Connections

Gallery: Tenerife woman’s inheritance shock
The deceased was a great admirer of the heir to the throne 
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