Rep. Ignacio “Iggy” Arroyo (Neg. Occ., 5th District) placed all his assets in a “living trust” and appointed his daughter Bernardina Arroyo Tantoco as trustee, executor of his estate, and attorney-in-fact.
His last will and testament executed on March 27, 2009 in California does not mention his second wife Alicia “Aleli” Arroyo.
In the will, Arroyo states that he is single and lives in Arcadia City, California.
In a “Declaration of Trust” created hours before the last will, Arroyo left instructions to Tantoco that she distribute income from his estate only to his partner Mary Grace Ibuna “to be paid in quarterly or more frequent payments,” GMA News Online reported.
That same trust document provides that “the balance of the trust shall be distributed” to each of his children in equal, one-third portions only after Ibuna’s death.
None of the documents GMA News Online obtained included an itemized list or any other papers indicating the properties Arroyo placed in trust, GMA said.
Tantoco and her sister Bianca Marie are Iggy Arroyo’s daughters by his first wife, Marlene Jacinto. Arroyo has a third daughter, Alicia Lourdes, whose mother is Alicia Morales.
Ibuna informed the chancery division of the High Court in London that Arroyo’s first marriage was annulled and that the second marriage with Morales is going through annulment proceedings, GMA News Online reported.
Tantoco has control of the whole estate her father left, but her powers are limited by the specifics of her designation as trustee, executor and attorney-in-fact.
In the will, Arroyo “intentionally and with full knowledge omitted to provide for heirs and if the will is contested, he gives only $1.”
Lorna Kapunan, counsel of Morales, has disputed the will. She said in an interview with GMA News' Kara David that the will must comply with Philippine laws.
Arroyo’s remains might arrive in the Philippines tomorrow.*