Texas sized trust dispute

The March issue of D Magazine features the Dallas trust dispute involving one of Texas' most prominent families. Hunt vs. Hunt: The Fight Inside Dallas' Wealthiest Families details a lawsuit brought by Al Hunt III, great grandson of the legendary HL Hunt.

Filed in Dallas County district court, the suit seeks the usual accounting and removal of the trustee, Tom Hunt, from management of the dozens of Hunt family trusts. Curiously enough, Al III also alleges the trusts owe hundreds of millions of dollars to the IRS.

Most of the Hunt clan is understandably upset with Al III, including his father. In classic melodrama fashion, the family blames  Al's beauty queen wife for stirring up the case, while he claims it isn't about the money:

“I want the truth, I want the facts, I want the evidence, taken under oath, so help me God. Instead of trying to get my lawyer removed, playing these games, let’s adjudicate this. It’s castle keep, and they’ve got the castle. My father always said, ‘He who has the gold makes the rules.’ That’s their mentality in business, and this is business.”

Most likely, of course, it is all about the money.  I have little doubt I will be revisiting this Dallas trust litigation over the next several months, if not years.