Betty Jane France splitting assets among her children

Brian France - set for life
Brian France – set for life

etty Jane France evenly split her property and assets among her two children, Lesa France Kennedy and Brian France, and gave them control of her two trusts, according to her will. The widow of former NASCAR chairman Bill France Jr., Betty Jane France died Aug. 29.

Her will, filed in Volusia County (Florida) court last week, is dated Nov. 4, 2004 — the same date as the will signed by her husband, who was the son of NASCAR founder Bill France Sr. and died in 2007.

NASCAR, a privately held company owned by the France family with Brian France serving as chairman and CEO, traditionally does not comment on its ownership structure, and a spokesman said any impact from the will on NASCAR ownership is a private matter.

Documents from past lawsuits and other public filings have indicated that Lesa France Kennedy and her uncle Jim France — who both hold posts as NASCAR vice chairmen — have the primary control of NASCAR. According to the 2016 ISC proxy statement, Betty Jane France owned 24.7 percent of the voting stock, which included her portion of the France Family Group's shares.

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