Steve Bing and Elizabeth Hurley Rip Into his Father Over Inheritance

Dr. Peter S. Bing, the father of millionaire businessman Steve Bing, has asked a judge to rule that Steve’s two children not be considered beneficiaries of his trust because they were born out of wedlock. Steve has filed petitions for both of his children, and actress Elizabeth Hurley has also filed a petition as the mother of his 17-year-old son, Damian Hurley. His daughter, Kira, is from former tennis player Lisa Bonder.

Steve Bing claims that his father has been influenced by his sister Mary Bing to “orchestrate a massive money-grab to deprive” Kira and Damian of their inheritance and “thereby increasing—perhaps even doubling—her own children’s share of the available fund,” according to court papers. Steve also claims that a stipulation in the trust calls for Mary to be penalized for attempting to attain more money for her children, Anton and Lucy. If this claim is successful, Mary’s children will forfeit their interest of the trust.

The trust, created by Peter Bing in 1980, was to “benefit future grandchildren,” either born or adopted at a young age by Steve or Mary. The new motion attempts to clarify the definition of grandchild. Peter said that it was not his intention for children born out of wedlock and did not live in Steve or Mary’s home for a significant amount of time as minors to be considered beneficiaries. Steve insists that this move to change the definition is “all of a sudden” and has more to do with the fact that the trust is to terminate October 2020.

See Cheyanne Roundtree, Steve Bing and Elizabeth Hurley Rip Into his Father Over Inheritance, Daily Mail, May 3, 2019.

Special thanks to Joel C. Dobris (Professor of Law, UC Davis School of Law) for bringing this article to my attention.