WHILE those entrusted with their inheritances are doing the best to keep them out, the children of Raymond Hamel-Smith are pitted against each other, with one side questioning the sale of property at Savonetta Bay and the other side remaining unusually quiet.

The land in dispute is located on Savonetta Bay and Mykos.

The property included in the Trust Fund by heiress Doris Hamel-Smith is located at Gaspar Grande.

It had been left for the 24 beneficiaries, Doris had specifically stated in her will that all would be provided for with money, properties and company shares.

Her beneficiaries were her children and grandchildren, which meant that anyone of the properties, were to be sold, all 24 recipients must have an input.

But the imminent sale of Savonetta had one member of the clan salivating to own the property, which is host to a beach house and other amenities.

According to sources, two out of Raymond’s eight children wanted to purchase the property for themselves.

Officials from parent company, Flood Limited, however, seemingly preferred one sibling in front of another.

TnT Mirror was told that the Board of Directors at the company insisted that in order for this person to purchase the property, he would have to get his other seven siblings to sign “a deed of release and discharge” document.

The deed would ultimately seek to relinquish Raymond’s children from their inheritance in the 1966 Trust Fund.

The child who was asked to do such an act, it is said, could not find the courage to ask his siblings to surrender their claim to the inheritance, just so property could be bought.

The document states: “The undersigned on behalf of heirs, assigns and personal representatives (hereinafter collectively referred to as the “Releasor”) hereby remises releases and forever discharges the following (herein collectively called the “Discharged Parties”): Cascade Limited; Moto Limited; Cob Limited; Kenjo Limited and Fern Limited.”

In a letter to the Board of Flood Limited, the offspring of Raymond wrote: “Firstly, let me inform you that I was brought up by a grand old lady called Doris Hamel-Smith.

“Through her fine example and upbringing, I learned to be always upright, moral, honest and a man of highest integrity.

“It would be totally against the upbringing if I jeopardised their inheritance (which incidentally was left to them by her), for my own purpose.”

The other sibling who was interested in buying the property heard of the request made by the Flood Board and urged the rest of his siblings to sign the release in May 1996.

Sources claim that the release was not signed by any of the siblings, yet the property was bought “lock, stock and barrel” in 1997.

The move was questioned by the ousted offspring who again wrote a letter to the directors of the Flood Board.

It said: “I certainly hope that all other bidders have to fulfil all the pre conditions which I, a member of the Hamel-Smith family, have to fulfil. When situations like this occur, it always makes one feel as if there is an element of prejudice.”

Sources say that this sibling offered $100,000 more than the second bidder.

This is the second of two instances a child of Raymond Hamel-Smith has been thwarted by the directors of the company.

The first time was in 2004 when they prevented the first bidder from sitting as representative of Hamray Limited.

Mirror was told that the last representative on the Flood Limited Board (second bidder) was asked to step down by his siblings who accused him of not seeking their interest.

They claimed that he sat idly by when a non-interest free loan of $100,000 was issued to one member to purchase a new car and had urged his siblings to sign the deed of release.

The two bickering children are part of a larger circle of eight who have been left out of Doris Hamel-Smith’s 1966 Trust Fund and a will made by aunt Monica who, under the instructions of her husband Anthony, left all of their wealth combined to the original 24 grandchildren.

Monica’s will, sources claim, was kept hidden in a vault for one year until discovered in a law firm which is owned by one of the children of Raymond.

“How could a legal document done by two partners of a law firm be hidden and the assets of the Trust disappear into thin air?” asked a close family member.

“Keep in mind that some of the children of Raymond are in dire need of their inheritance.

“Who has all the money?

“Where is it?

“What are a couple of Raymond’s children receiving in lieu of their inheritance, and not to take action?

“Nobody gives up their legal inheritance for nothing.”

The talk in the family circle is that the buyer of the Savonetta property felt the need to own it because he had been deprived of benefits from the Trust Fund.

Since 2000, members of the Hamel-Smith clan have been awaiting the shares, monies and properties left for them by Monica, and even longer for inheritances of the 1966 Trust Fund.