Hastie Files $1.5 Million Lawsuit Against Her Family Over Magnolia Plantation Funds
John Drayton Hastie Jr., patriarch of Magnolia Plantation and Gardens, has sued his family for $1,587,514.67 plus punitive damages for funds he claims are owed to him by the Magnolia Plantation Corporation .
The Drayton family have lived in the plantation on the west bank of the Ashley River since the 1670s. In 2003 John Drayton Hastie, then owner and operator, died, leaving management of the gardens to a non-profit organization founded in 1985 His board of directors included his two children and five grandchildren.
The suit was filed on January 21, 2022 in the Beaufort County 14th Judicial Circuit by Beaufort attorneys Kevin E. Dukes and Austin M. Blake. Lawyers representing both sides in the lawsuit did not respond to requests for comment.
A motion filed to dismiss the lawsuit earlier this year was denied, according to court records. A formal hearing is scheduled for August 19.
The lawsuit claims that the defendants, Taylor D. Nelson, John Drayton Hastie III, Fernanda Moore – formerly known as Fernanda Bashaw, Dylan Nelson and Winslow Hastie “deliberately and without reason sought to obtain distributions from the Magnolia Plantation Corporation”. [on behalf of John Hastie Jr.] …in order to get rich.
According to the lawsuit, the Magnolia Plantation Corporation’s net income in 2021 was $3,175,029.35, leaving John Hastie Jr., entitled to $1,508,138.94 as the sole beneficiary of John’s Magnolia Preservation Corporation Preservation Trust. Drayton Hastie Jr., and an additional $79,375.73 as a 50% Beneficiary of a Generation Skip Overflow Trust.
This is a developing story.
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