After Louise Gwynne's death, the property that had been conveyed to her by her son, was held in trust for Preston and her siblings. However, in February 1908, the Paris money lender revived his legal attack against the Gwynnes, demanding their property on the unpaid loan of $40,000. In March, following a long discussion, the suit against the Gwynnes was dismissed. The judge ruled that the realty transfer performed by Edward to his mother was not made with the intent to defraud creditors. However, he also spoke rather harshly of Preston's father, referring to him as a man who "may have had large expectancies, but seems to have been a drain upon his mother's financial resources".