Estate Planning

Checkmate? Fight over Chess Master's Estate

By Hull & Hull LLP

Bobby Fischer died in 2008 in Iceland at the age of 64. The tawdry details of his life often overshadowed the genius of his game - he was a child prodigy, a teenage grandmaster and -- before age 30 -- a world champion who triumphed in a Cold War showdown with Soviet champion, Boris Spassky. Since his death, there has been a battle over his estate. Two nephews, a long-time companion (and spouse?) and a recent companion have all made claims against the estate. 

This month, it appeared that the long-time companion (and spouse?), Miyoko Watai, had won the battle against Fischer's nephews, when her claim was certified by Iceland's highest court, according to the website Chessbase.com. This would make her the sole heir to Fischer's estate. However, a few days later, Marilyn Young of the Philippines apparently filed a claim in Iceland that her 8-year-old daughter, Jinky, was Fischer's child. Ms. Young apparently provided photographs of her, Fischer and Jinky together and at least two postcards to Jinky signed 'Daddy' that were said to be from Fischer. If Ms. Young's claim is upheld, her daughter may be entitled to two-thirds of Fischer's estate under Icelandic law.

Claims to Fischer's estate will be settled in Iceland because he was a citizen of that country when he died, and he reportedly left no Will. His estate may be substantial. In 1992, he apparently was paid over $3 million for winning a rematch with his old rival, Boris Spassky.

There may be more surprise moves to come in this continuing saga. 

Have a great weekend!

Bianca La Neve

Bianca V. La Neve - Click here for more information on Bianca La Neve.

Full post as published by Toronto Estate Law Blog on November 27, 2009 (boomark / email).