César Alierta, former president of Telefónica and Tabacalera and well-known shareholder of Real Zaragoza, died last Wednesday, January 10, at the age of 78 in Zaragoza due to complications from heart disease.
The former Telefónica president amassed considerable wealth during his time at the helm of one of Spain’s most influential companies. With assets that include 75.5 million euros in accumulated salary, a pension of 54.2 million and shares valued at 45 million at the end of his term, according to El Mundo it remains to be decided who will heir to his legacy.
His nephew, one of the main beneficiaries
With no obvious direct heirs – he had no children with Ana Cristina Placer and they held back when it came to adopting -, rumors and speculation revolve around names like Isabel Sartorius, who experienced important moments with Alierta at the end of her life, and his nephew Javier Placer, who was with him at Beta Capital and Telefónica.
The law says that your brothers are the rightful heirs
Emilia Gutiérrez / Precisely
The relationship between Alierta and her nephew was very close. In fact, after his wife’s death in 2015, Alierta dedicated himself even more to Placer on an emotional and professional level. Thus, they came to have a very special kind of parent-child relationship.
Although the entrepreneur also adored his other grandchildren, he decided to opt for Javier Placer, with whom he was at Beta Capital in the 1990s, to head the innovation area of Telefónica, demonstrating the trust and strong bond they shared. He held this position until 2017.
What does the law say?
The application of Spanish inheritance law to the case of César Alierta, who died without children and without a widow, means that his assets would be distributed first between his parents – if they were alive – and then between his siblings. Since the first assumption is not satisfied, his inheritance would go to his brothers.
However, the existence of a will could alter this distribution, as long as the part legally reserved for the legitimate heirs, which in this case would be the brothers, is respected. Furthermore, her close relationship with her nephew Javier Placer may have influenced his testamentary decisions, although this will depend on the specific contents of Alierta’s will. In any case, no dispute over distribution is foreseen.
2024-01-13 12:07:17
#singular #destiny #César #Aliertas #millionaire #inheritance