Personal Life
Posner had two children from his first marriage — twins Steven and Gail — and two children from his second marriage — Tracy and Lance. He was not married at the time of his death. His girlfriend, a former actress Brenda Nestor Castellano, was also a business partner.
In 1995, Steven sued his father over alleged mismanagement of his company, Security Management Corporation, claiming that the elder Posner was paying himself too much money and had wrongly removed Steven as a company director. They settled the suit by flipping a coin over the share of more than $200 million worth of property. Steven was killed in a high-speed boat crash near Miami, Florida on 29 November 2010. Gail died on 19 March 2010 in Miami Beach, Florida.
Shortly before he died, Posner prepared a new will that removed his children and grandchildren as heirs to his estate, which was valued somewhere between $200 million and $1 billion. Instead, Brenda Nestor was named as the main beneficiary. Posner's children and his adult grandchildren sued on grounds that he was not competent when he made the changes. The legal entanglements continued into 2004. Nestor operates Victor Posner Enterprises, a property development company in Florida.
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