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Lord Lambton inheritance row resolved

Heir to sell Freud painting after reaching settlement with siblings

20 January 2014

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Heir to sell Freud painting after reaching settlement with siblings

The son of ex-Conservative minister Lord Lambton, who died in 2006, is expected to collect £3.5m when a Lucian Freud painting of his late mother is offered at Sotheby's in February, according to The Telegraph.

Edward Lambton, the seventh Earl of Durham, is selling the art having reached an undisclosed "welcome" settlement with his siblings following their much-publicised inheritance row, which reached the High Court in October.

Three of Lambton's daughters disputed their father's estate, which was bequeathed entirely to their brother, stating that the case should be heard in Italy, where their father lived for 30 years.

The women would have been entitled to millions under that jurisdiction. Durham argued for an English hearing.

The portrait of Lady Belinda Lambton entitled Head on a Green Sofa was completed in 1960/1.

Some of its proceeds would be used to restore Lambtons Estates, said Lord Durham.

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Tax & Wealth structuring Wills, Trusts & Probate