Taxation & Estate Planning

Leona Helmsley Estate Settlement

By Christopher L. Miller

The Associated Press reports that New York County Surrogate Renee Roth accepted a settlement in the contested Estate of Leona Helmsley. The Last Will had been contested on grounds that Ms. Helmsley was unfit to execute a Will. The Will left 12 million dollars in trust for Ms. Helmsley’s pet maltese dog, while leaving out two grandchildren “for reasons known to them.” The settlement reduces the trust for the dog to 2 million, gives the rest to charity, and provides the two grandchildren with 6 million dollars each.

Interestingly, New York is one of a few states that has (more…)

Full post as published by Res Publicae - The New York Estates Blog on June 16, 2008 (boomark / email).