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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.<ref>[https://query.nytimes.com/gst/fullpage.html?res=990CE2DB1F3EF93BA3575AC0A963958260 "Victor Posner Sued by His Son"]''New York Times'', September 8, 1995</ref> They settled the suit by flipping a coin over the share of more than $200 million worth of property.<ref name="Forbes">''Forbes'':[https://www.forbes.com/forbes/2003/0811/046b.html All in the Family.] May 8, 2003.</ref> Steven was killed in a high-speed boat crash near [[Miami, Florida|Miami]], [[Florida]], on 29 November 2010.<ref>[http://latimesblogs.latimes.com/afterword/2010/11/steven-posner-real-estate-tycoon-dies-at-67.html "Steven Posner, real estate tycoon, dies at 67" ''Los Angeles Times''] 30 November 2010</ref> Gail died on 19 March 2010 in [[Miami Beach, Florida|Miami Beach]], [[Florida]].<ref>[https://www.imdb.com/name/nm1636921/ "Gail Posner" ''imdb.com''] 30 November 2010</ref>
Shortly before he died, Posner prepared a new will that removed his children and grandchildren as heirs to his estate, which was valued 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.<ref name="Forbes" /> The legal entanglements continued until the last lawsuit was settled on April 8, 2015, over the $195 million estate Posner bequeathed to Nestor. The [[Florida Third District Court of Appeal]] ruled Tracy Posner Ward could not sue Nestor for $5.8 million in a trust Victor Posner had set aside for Ward's daughter Melody. In addition, the Victor Posner estate got tied up in liens from the Pension Benefit Guarantee Corp., the Federal agency noting that the pension plan sponsored by Posner's estate had a shortfall of $38.8 million, and the plan was terminated by the agency.<ref>{{cite web|last=Marcus|first=Noreen|date=April 13, 2015|url=http://www.dailybusinessreview.com/id=1202723356696/Posner-Estate-Winding-Down-After-13Year-Battle?slreturn=20150621031239|title=Posner Estate Winding Down After 13-Year Battle|website=law.com|access-date=July 21, 2015}}</ref>
Nestor still operates Victor Posner Enterprises, a property development company in Florida.{{citation needed|date=May 2022}}
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