That technicality could force the government to give the assets back to Mr. Badalamenti's survivors.
These errors can not only cost an estate tens of millions of dollars, they can also give the assets to the wrong person — like a former spouse.
This gives the asset-management industry an opportunity to step into the breach.In the developing world, meanwhile, rapid economic growth is creating an immense amount of new wealth.
At the crux of the fight are two wills: A 2002 Chinese-language one gives the assets to the Chinachem Charitable Foundation, which is linked to the family's privately held company; and a 2006 English version, which Mrs. Wang drafted while she was suffering from cancer, gives it to Mr. Chan.
Because the trust provides lifetime income for a hypothetical spouse, then eventually gives the assets to the children of the person who set up the trust, Ms. Villafane said, it allows an older, richer spouse to say, in effect, "I took care of you both".
The donor then separately instructs the trustee to give the assets to the designated person at his death, and perhaps to other members for good measure.
With Generator, all the designers have to do is give the assets they want to export a new name that ends with a common image file format like.png or.jpg and the assets are automatically generated and saved for further use.
"The strategic challenge is, given the amazing asset of our formidable journalism, to make the connection between that and those willing to pay," Mr. Thompson said.
"Given the trophy asset nature of Pinewood we envisage high overseas interest from media/property companies, especially Chinese or US players," he said.
