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He left his son 2pc of a $25m estate – a court had other ideas

The Australian Financial Review (AFR) •
October 18, 2026 • 09:13 PM
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The NSW Supreme Court overruled Nicola Iacovazzi’s detailed estate plan to prevent his chronically ill son from having to rely on government support.

He left his son 2pc of a $25m estate – a court had other ideas

On the surface, a $500,000 inheritance left by a father to his adult son might seem generous. But what if that son faced significant health-related financial hardships, and that $500,000 represented less than 2 per cent of his father’s $25.4 million estate?

Gianni Iacovazzi, 62, considered the amount inadequate and filed a family provision claim in the NSW Supreme Court seeking a larger share of the estate of his late father, Nicola.

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