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Twin Heirs of Doris Duke, 15, Suspended from School After Trustees Withhold $25,000 Tuition Payment
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The twin heirs of Doris Duke - a New York socialite once called the 'richest girl in the world' - were suspended from their private school because the trustees of the teens' $1billion trust fund have been withholding money from their mother, a lawsuit claims.
Walker Inman III and Georgia Inman, both 15, were expelled for one day from Educational Advantage, a Utah-based online school and tutoring service, because their trust hadn't paid the $25,000 in tuition and late fees.
But, it's not as if the the teens - who are the great-niece and nephew of the late Doris Duke - don't have the money. Their trust funds are estimated to be a combined $1billion.
The money is currently locked up in a legal dispute between their mother Daisha - the fourth wife of Walker Inman Jr - and the Mr Inman's fifth wife.
The trust is run by JPMorgan, who said in court filings that it reigned in payments after Ms Inman requested $5,000 for a Halloween party and $50,000 for Christmas gifts for the teens, the New York Post reports.
Ms Inman said she wanted to give her children a horse, a snowmobile and an around-the-world trip. The trust paid out $5,000 for Christmas instead.
The money is held in a trust until the twins turn 21, six years away, at which point, they will receive estimated fortunes of $500million each.
'If the trustees simply funded all requests it received, the children’s trusts could be drained of assets long before the children ever reach the age of 21 years,' JP Morgan wrote in a court filing.
But, Ms Inman says the says the trustees have gone too far and neglected to pay her children's legitimate expenses.
According to court documents, the trust did not pay $25,627 in late fees and tuition, which resulted in the twins being suspended from Educational Advantage.
'My children are upset, anxious and embarrassed about being expelled from school due to the trustees not paying their monthly tuition,' Ms Inman wrote in an email to the trustees, according to the Post.
The trust's manager said the teens were only suspended for one day and that they were accepted back into classes when the trust paid their bill.
The family lives in the Inmans' ancestral home in South Carolina. Walker and Georgia's father Walker 'Skipper' Inman Jr, died in 2010 of a methadone overdose.
Walker Jr's father was the half-brother of Doris Duke.
Doris Duke inherited untold millions from her father James 'Buck' Duke - the founder of American Tobacco, maker of Lucky Strike cigarettes.
His massive gift to a small, private college in North Carolina led leaders there to change its name to Duke University. The huge sum resulted in Duke becoming one of the most elite universities in the country
Doris Duke, who died in 1993, left a large philanthropic legacy, as well. She was know during her time as 'the richest girl in the world' and was a superstar celebrity and socialite for most of her life.
On her death, she left nearly all of her $1billon estate to the Doris Duke Charitable Foundation, which remains a major force in the philanthropic world.
However, Doris Duke had no surviving biological children and part of the Duke fortune went into trust funds for the Inman twins.