where the eldest inherits everything on the understanding that the inheritor cares for the rest of the family.”
“I should think nod” Miranda was the youngest of the three sisters. For her, primogeniture would be disastrous.
“Gran saw what happened to her own husband!”
Billy’s grandmother, a considerable heiress, had left all her money to her elder son, an impulsive weakling, who lost nearly all of it in an Edwardian stock exchange swindle. When he died, Billy’s elder brother inherited what was left of the family estate Billy inherited nothing.
“Elinor seems to think the Greek system is the most sensible,” Adam said.
“What’s that “A wealthy Greek father often leaves all the family money to the child most capable of looking after it, on the understanding that the inheritor looks after the immediate family.”
“The most financially capable sister is me,” Miranda stated.
“In financial matters, certainly. But Clare has always been very conscientious and responsible; she was like a mother hen towards you and Annabel when you were little girls.” Miranda sat up sharply.
“All my life I’ve had Clare shoved down my th road Clare was the eldest, the responsible sister, whose duty it was to look after the little ones.
‘7 She could be relied upon because she was steady and practical. Conscientious Clare would never tell a He not even a white one and could be relied upon always to be fair, as Clare herself never stopped reminding people.
It was Clare’s much vaunted sense of justice that made her feel responsible for the whole damn world, particularly every underprivileged person in it, Miranda knew. If Clare grabbed the purse strings, then they would not be opened for Miranda, who was not Clare’s idea of a needy person. Miranda would be pushed back to the position of baby sister.
“Unfortunately, Elinor thinks you … Would you say you were steadier than Clare?” Adam asked.
“You mean Gran thinks I’m too … rash?” J wouldn’t say that, exactly,” Adam said reflectively, “although perhaps Elinor does think you take too many risks. She sees you as the daring young girl on the flying trapeze of business. But of course, Elinor doesn’t understand that in business, it’s necessary to take risks. I see your adventurous streak as a business asset.”, “It’s not fair!” Miranda retorted’ bitterly remembering how often she had said that as a child.
Eventually she asked, “What will happen if Gran dies without making a will?” “There may be a nasty legal mess that might take years to disentangle,” Adam said.
“And that’s something I don’t intend to allow. As soon as Elinor is well enough to do so, I will insist she make her decisions.” He paused, then added: “There is an alternative to the Greek system that would safeguard the money and yet be fair.”
“What’s that Miranda quickly looked at Adam.
“It would mean that you would be certain to get your fair share.”
“What is it, Adam?”
“I wondered whether Elinor would respond favourably to the idea of setting up a family trust,” Adam mused.
“What do you think? If you think not, then I don’t want to distract her by the idea.” Adam knew that, as the shrewdest and most forceful of the sisters, Miranda would be a formidable. opponent should she object to his suggestion.
“What would be the point of setting up a trust?” Miranda asked cautiously.
“Making a trust is a bit like making a will, except that you put it into practice before you die,” Adam explained.
“If Elinor were to set up a trust, naming her granddaughters and their descendants as beneficiaries, then the money would be protected as Elinor wishes, because there’s no risk that one heir can squander it all. The trustees wouldn’t allow it: their job is to guard the trust, not slavishly obey the whims of the beneficiaries.” Miranda ran her hand through wild red hair.
“You mean Clare couldn’t sit on the money