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Family trust: Inside the Pratts’ legal soap opera

Family trust: Inside the Pratts’ legal soap opera

Richard Pratt carefully designed a succession plan for his three children, Anthony, Heloise and Fiona. But even the best-laid plans can wind up in court.

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For more than 150 years, the Pratt family home in Kew has stood as a symbol of the apex of power and influence in Melbourne.

The Italianate mansion known as Raheen, built for the founder of the Carlton Brewery and for many years the residence of the city’s Catholic archbishops, has been owned by one of Australia’s wealthiest families since they bought it from the church for $2 million in 1981.

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Max Mason
Max MasonSenior reporterMax Mason covers insolvency, courts, regulation, financial crime, cybercrime and corporate wrongdoing. A Walkley Award winner, Max's journalism has also received awards from the National Press Club of Australia, the Kennedy Awards and Citibank. Message Max on Signal https://tinyurl.com/MaxMason Connect with Max on Twitter. Email Max at max.mason@afr.com
Patrick Durkin
Patrick DurkinBOSS Deputy editorPatrick Durkin is Melbourne bureau chief and BOSS deputy editor. He writes on news, business and leadership. Connect with Patrick on Twitter. Email Patrick at pdurkin@afr.com

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Original URL: https://www.afr.com/work-and-careers/leaders/family-trust-inside-the-pratts-legal-soap-opera-20240827-p5k5sh