Home | News | Boss of 300-year-old global business empire locked in bitter feud with his sister World | Boss of 300-year-old global business empire locked in bitter feud with his sister
❰❰ Prince Harry declines to sign a pair of budgie smugglers presented to him by Aussie athletes
Meghan Markle wears trainers for the first time on a royal outing in £115 Veja sneakers ❱❱

Boss of 300-year-old global business empire locked in bitter feud with his sister



Boss of 300-year-old global business empire is locked in bitter feud with his sister over £28million fortune after she accused him of exploiting their mother's dementia

  • Jane Griffin, 63,  is involved in a legal battle with brother Constantine Folkes, 65 
  • Feud concerns £28.7m estate left by their mother Patricia Folkes before she died 
  • Ms Griffin says brother pressured mother into leaving money for him and his son

By Bhvishya Patel For Mailonline

Published: 07:41 EDT, 21 October 2018 | Updated: 08:17 EDT, 21 October 2018

View
comments

A wealthy family named on the Sunday Times Rich List are embroiled in a bitter court battle over a £28.7 million inheritance.  

The Folkes family, whose ancestral home is Stourton Hall in Staffordshire, are involved in a long-running feud over the will of their mother Patricia Folkes, who died in 2014 aged 85. 

Her daughter Jane Griffin, 63, accuses her elder brother Constantine Folkes, 65, of exploiting their mother's dementia and pressuring her into handing £26.5 million plus £100,000 of jewellery to him and his son. 

She alleges that Mr Folkes wanted to ensure his son Samson would inherit the 300-year-old family business and become the ninth generation of Folkes men to lead it

In 2008 the family, who run Folkes Holdings, featured on the Sunday Times Rich List with an estimated fortune of £106 million.

Jane Griffin, 63, (left with mother Patricia Folkes)and elder brother Constantine Folkes, 65, are embroiled in a long-running court battle over the £28.7million inheritance left by their mother
Jane Griffin, 63, (left with mother Patricia Folkes)and elder brother Constantine Folkes, 65, are embroiled in a long-running court battle over the £28.7million inheritance left by their mother

Jane Griffin, 63, (left with mother Patricia Folkes)and elder brother Constantine Folkes, 65, are embroiled in a long-running court battle over the £28.7million inheritance left by their mother

Ms Griffin alleges Mr Folkes (above with wife Angela and daughter Amy) exploited their mother's dementia and pressured her into handing money to him and son
Ms Griffin alleges Mr Folkes (above with wife Angela and daughter Amy) exploited their mother's dementia and pressured her into handing money to him and son

Ms Griffin alleges Mr Folkes (above with wife Angela and daughter Amy) exploited their mother's dementia and pressured her into handing money to him and son

The bitter feud began when Ms Griffin discovered that her mother's estate had been reduced to £2.2 million when she died and she was left £50,000.

Ms Griffin, who has two children and lives near the family estate, said: 'I felt my mother had been let down. Money was not the driver for me. I wanted justice.'

She also accused her elder brother of subjecting their mother to 'financial abuse'.

However Mr Folkes, who is the head of Folkes Holdings, denies any wrong doing and claims his sister is 'rather unhinged'.

The father-of-three, who lives in Stourton Hall, said: 'It appears Jane felt this was a gamble worth taking.

'If my mother were alive today she would be livid to see this turn of events, with the three esteemed professionals she chose over many years being cast aside for someone she had never met.'

He claimed that much of the estate had been squandered on unnecessary legal costs.

Patricia Folkes was diagnosed with dementia in 2010 after suffering from memory loss for some years, and died in 2014 at the age of 85. 

However the father-of-three (right with son Samson), who lives in Stourton Hall, denies the claims and said: 'It appears Jane felt this was a gamble worth taking'
However the father-of-three (right with son Samson), who lives in Stourton Hall, denies the claims and said: 'It appears Jane felt this was a gamble worth taking'

However the father-of-three (right with son Samson), who lives in Stourton Hall, denies the claims and said: 'It appears Jane felt this was a gamble worth taking'

When she discovered that the estate's value had been reduced to £2.2 million Ms Griffin pursued a legal battle, claiming that without her older brother's influence, the value would have been £28.7 million.

The dispute over the family fortune began in 1991, when Patricia and her husband John drew up wills.

These shared their wealth equally between their three children - Constantine, Jane and James. 

Stourton Hall (pictured), near Stourbridge, is home to Ms Griffin's brother  Constantine Folkes 
Stourton Hall (pictured), near Stourbridge, is home to Ms Griffin's brother  Constantine Folkes 

Stourton Hall (pictured), near Stourbridge, is home to Ms Griffin's brother  Constantine Folkes 

However in March 1993 Patricia's will was changed after a suggestion from Mr Folkes to leave all her shares in the family business to Samson, then aged one.

Ms Griffin, then living in Los Angeles, was removed as executor of the will.

In July 2011 Patricia, who by now had been diagnosed with dementia, signed a letter prepared by her solicitor.

It said she had given belongings including works by the wildlife painter Charles Tunnicliffe, silver tea caddies and the contents of a gun room, plus all the fixtures and fittings in Stourton Hall, to Constantine.

A month later Patricia signed another document, which Ms Griffin had drawn up, confirming that the contents of Stourton Hall and her second home in Anglesey were still part of her estate - and had not yet been handed to Mr Folkes.

When she died in 2014, the family's solicitors acted as executors of the will and the value of her estate dwindled from about £28.7 million to £2.2 million.

At this point Ms Griffin issued a court claim to remove the executors, demanding an investigation of why her mother's estate was now so small and where items that she had been promised had gone.

The judge said the dispute had been 'extremely bitter, long-running and costly'.

He dismissed 12 of the 17 allegations made by Jane, but said the rest required investigation by the new executors.

Mr Folkes and the other defendants were ordered to pay costs of at least £150,000.

The Folkes family solicitors will be replaced as executors of Patricia's will as a result of a court case, which ended this month.

The new executors will be responsible for collecting his mother's assets, paying debts and distributing legacies.

The family business, Folkes Holdings, has extensive property, investment, tourism and engineering interests in Britain and South Africa and is based in Stourbridge, near Stourton Hall.

 

Advertisement

Most watched News videos

  • Officers were called to reports of the collision on White Horse Vale, at the northern end, close to the junction with Kirby Drive in Luton, Bedfordshire, above Boy, six, dies after he was struck by a Vaxuhall Astra in...
  • New Wentworth MP Kerryn Phelps (second right) celebrates with son-in-law Rob Chambers, grandson Billy and daughter Jamie at her election victory party on Saturday night Does she know what she's doing? Kerryn Phelps makes a...
  • Ivanka Trump  used a motivational quote she thought was from the Ancient Greek philosopher Socrates, however the quote actually originated from different Socrates Ivanka Trump mercilessly roasted on Twitter for...
  • Famous faces joined an estimated half a million anti- Brexit campaigners who gathered in central London calling for a second referendum 'Let's be havin' EU': Delia Smith leads luvvie army as...
  • Turkey will 'never allow a cover-up' of the killing of Saudi journalist Jamal Khashoggi (above) in Saudi Arabia's consulate in Istanbul, a senior official in Turkey's ruling party said today. Turkish government sources alleged Mr Khashoggi, a critic of Crown Prince Mohammed bin Salman and the Saudi government, was tortured and murdered by a hit squad flown in from Riyadh 'We will never allow a cover-up': Turkey's ruling party...
  • Basil and Madge Lambert war veterans who are due to celebrate their 70th wedding anniversary next week ‘I’m surprised we’re still standing': Couple, both 95,...
  • Three-year-old mischievous toddler Olly Nelson with the mess he made with paint in his parents' new living room Boy, 3, coats the living room carpet, walls and a new...
  • The happy could after the ceremony German royal Duchess Sophie Württemberg looks head over...
  • Nicola Smout, 37, who had Crohn's disease, collapsed and died hours after kissing her children goodnight Mother of three, 37, who was 'recovering well' following...
  • Katie Toghill (left, with mother Katrina) - who has claimed that she was raped by her brother Marc Sutton - said that 'life can move forward' after the 34-year-old was killed near in the Alps 'I've won!': Sister of British biker gunned down in...
  • Louis Baker (pictured with partner Laura and son Ellis) was snapped speeding at 101mph when he rushed to get his wife to Worcestershire Royal Hospital New father who was snapped doing 101mph on the M5 as he...
  • The planes at San Francisco Airport (pictured) approach the runway in perfect harmony  Now that's parallel parking! Incredible footage shows two...
  • A new study based off 23 years worth of testing results for 122,007 patients revealed that not exercising is deadlier for your health than smoking, diabetes and heart disease (file image) Not exercising 'is worse for your health than smoking,...
  • A British man was strapped to a tree with clingfilm whil naked in Benidorm after his stag do Now that's a package holiday! Hilarious moment tourists...
  • Jo Shintah (pictured) was killed in August 2016 as she was attempting to exit the Pacific Fair car park on Queensland's Gold Coast Family of former Strictly Ballroom actress who was killed...
  • Meghan Koziel, a Pittsburgh resident, requested that she be allowed to post a 'No Breastfeeding Zone' sign over her hospital bed Breast cancer survivor who underwent double mastectomy in...
  • Controversy arose after trans woman Rachel McKinnon, 36 (center) won the UCI Masters Track World Championship, besting cis females Carolien van Herrikhuyzen (left) and Jen Wagner-Assali (right), who took silver and bronze, respectively 'My birth certificate says I'm female': Trans cyclist...
  • The Queen dressed in a blue ensemble arrives at the Ascot racecourse Two can play at that game: Queen enjoys sunshine (and...

MOST READ NEWS

Article Tags

    No tags for this article

About the author

What's next