"The legal action by Anne Harrison against Eric Harrison and his company IEQ Capital alleged that the couple had been married for nearly 20 years in 2016 when he proposed an "extremely unorthodox" tax-avoidance and estate planning strategy to transfer most of the couple's shared assets into trusts to benefit their two children and others not named in the lawsuit."
"Meanwhile, Eric was "having extramarital affairs and was considering the possibility that the couple's marriage might come to an end," the lawsuit claimed. The alleged scheme was a way to "put himself in the strongest possible financial position in the event the couple divorced," the lawsuit filed Sept. 3 in San Mateo County Superior Court said. Eric Harrison did not respond to requests for comment."
"Because Eric told Anne the strategy would be "entirely advantageous" to her, and because she "trusted her husband," she agreed to it, and the trusts were created, the lawsuit said. It is "virtually unheard of" for couples to put the vast majority of their assets into trusts, particularly in cases such as Anne's, a homemaker who would lose financial support in case of divorce or Eric's death."
Anne Harrison filed a lawsuit alleging that her ex-husband, Eric Harrison, forged her signature to defraud her of her interest in IEQ Capital and their Aspen home. The suit alleges that in 2016 Eric proposed an "extremely unorthodox" tax-avoidance and estate plan transferring most shared assets into trusts benefiting their children and others. The complaint states Eric was having extramarital affairs and sought to secure a stronger financial position in case of divorce. The couple created the trusts after Anne trusted him. Eric co-founded IEQ in 2019, managed their finances, predicted potential $500 million sale proceeds, and did not respond to comment. Anne seeks unspecified damages.
Read at The Mercury News
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