Son gets $50,000, ex-wives nothing out of Edelsten’s $1 million estate

Flamboyant businessman Geoffrey Edelsten – once known for his lavish lifestyle, which featured sports cars and big spending on women – has left his only child just over $50,000 out of an estate worth just over $1 million, according to probate documents.

Edelsten also explained why he was leaving his son Matthew Beard $50,000 plus $1000 per year from the will’s date, in 2017, until Edelsten’s death at 78 in June last year. The probate on Edelsten’s estate, granted this week in the Supreme Court of Victoria, shows that Edelsten left $300,000 to his friend, Lewi Karalis.Edelsten also left 10 per cent of his gross estate — limited to $100,000 — to his former school, Melbourne’s Mount Scopus Memorial College, and an equal proportion to Carlton Football Club.

CarolynAnneWebb All show and no pony.

CarolynAnneWebb Let this be a lesson

CarolynAnneWebb died with a long list of creditors

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