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		</div><p><span style="font-size:x-large;"><i><span style="color:red;"><span style="font-weight:normal;">SlimFast founder</span><span style="font-weight:normal;"> S Daniel Abraham wants his ex-wife Estanne to be removed as a trustee</span><span style="font-weight:normal;"><br />
Put 1bn into trust funds for their four daughters after selling </span><span style="font-weight:normal;">SlimFast for $2.3bn &#8230;</span></span><span style="font-weight:normal;"><span style="color:red;">says Estanne and new husband Martin Fawer mismanaged trusts</span><br />
<span style="color:#666666;"><span style="font-size:large;">&#8211; E</span></span></span><span style="color:#666666;"><span style="font-size:large;"><span style="font-weight:normal;">stanne is to be replaced as part of a settlement to avoid a court battle<b> </b> </span></span></span></i></span></p>
<p><span style="font-size:x-large;"><i><span style="color:#666666;"><span style="font-size:large;"><span style="font-weight:normal;"> </span></span></span></i></span><br />
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<div class="mol-para-with-font"><span style="font-size:small;">The founder of the SlimFast dieting empire wants his wife to lose control over part of his fortune after accusing her of money-grabbing.</span></div>
<div class="mol-para-with-font"><span style="font-size:small;">S Daniel Abraham, 91, has launched a legal battle to remove his ex-wife Estanne from the board of trustees, Page Six reported.</span></div>
<div class="mol-para-with-font"><span style="font-size:small;">He says Estanne and her new husband, accountant Martin Fawer, have mismanaged trust funds containing $1 billion collectively, meant for Abraham and Estanne&#8217;s four daughters.</span></div>
<div class="mol-para-with-font"><span style="font-size:small;">Unilever bought SlimFast from Abraham in 2000 for $2.3 billion. Abraham placed $1 billion into his children&#8217;s trust funds. Estanne, who got divorced from Abraham in 1993, was still a trustee at the time.</span></div>
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<div class="overlay-icon mobile-gallery"><span style="font-size:x-small;"><i>Photo: Center Peace</i></span></div>
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<p><b>SlimFast founder S Daniel Abraham (pictured), 91, has launched a legal battle to remove his ex-wife Estanne from the board of trustees after accusing her of mismanaging part of his fortune</b></p>
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<div class="mol-para-with-font"><span style="font-size:small;">The four daughters have now teamed up with their father to have their mother removed as a trustee.</span></div>
<div class="mol-para-with-font"><span style="font-size:small;">Abraham has accused Estanne of &#8216;greed and selfishness&#8217; and &#8216;naked money-grabbing&#8217;, a source told Page Six.</span></div>
<div class="mol-para-with-font"><span style="font-size:small;">He and his daughters want her to be replaced by Mark D Harris, a litigator at New York law firm Proskauer Rose.</span></div>
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<div class="imageCaption"><span style="font-size:x-small;"><i>Photo: Proskauer</i></span><br />
<b>Abraham and his daughters want Estanne replaced by Mark D Harris, a litigator at Proskauer Rose</b></div>
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<div class="mol-para-with-font"><span style="font-size:small;">This could be done in an impending settlement to avoid a public battle in court, according to Page Six.</span></div>
<div class="mol-para-with-font"><span style="font-size:small;">Interlaken Management, the company set up by Estanne to manager her daughter&#8217;s trust fund, is reportedly preparing to cease its activities. </span></div>
<div class="mol-para-with-font"><span style="font-size:small;">&#8216;Dan Abraham has succeeded in lining up the daughters against their own mother over their trusts, and persuaded them to remove their mother as trustee,&#8217; the source told Page Six.</span></div>
<div class="mol-para-with-font"><span style="font-size:small;">&#8216;There was a lot of money at stake, and Abraham was not happy that his ex-wife had a new husband who potentially had influence over his money. They are negotiating a settlement with Estanne for her to step down.&#8217;</span></div>
<div class="mol-para-with-font"><span style="font-size:small;">Estanne&#8217;s lawyers say she did not mismanage her daughter&#8217;s trust funds and paid them more than $774 million over the past 11 years.</span></div>
<div class="mol-para-with-font"><span style="font-size:small;">They also say three of Abraham and Estanne&#8217;s daughters owe their trusts close to $35 million. According to Page Six, Estanne thinks her family&#8217;s bid to remove her from the board of trustees is a way to get out of debt.</span></div>
<div class="mol-para-with-font"><span style="font-size:small;">A lawyer for Estanne told Page Six she was still a trustee and discussions about the settlement were still ongoing.</span></div>
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