inheritance

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Dazed Astor Didn't Recognize Jesse Jackson: Witness

Her son also convinced her she was going broke

(Newser) - A decade before her death, Brooke Astor was so out of it that she couldn’t recognize Jesse Jackson, a prosecution witness testified today in the fraud trial against Astor’s son, the New York Daily News reports. Anthony Marshall’s defense rides on his mother’s mental state, with...

Son 'Manhandled Astor to Change Will': Prosecutor

Anthony Marshall exploited mom's dementia to funnel fortune to him, says prosecutor.

(Newser) - Brooke Astor's son "dragged" his frail mom from her nurse's arms to a closed-door meeting about her will, which was immediately changed in his favor, according to the prosecutor at the heir's  fraud and grand larceny trial yesterday in New York. Anthony Marshall exploited his vulnerable mother's dementia to...

Dads May Hatch Schemes to Leave Golden Nest Eggs

But best a man can leave is his good name

(Newser) - From King Lear to Tom Daschle, a father’s desire to provide for his children could leave them with a rather dubious inheritance—“a legacy of embarrassment,” Stephen Amidon writes in the New York Times. "Inheritances can be tricky things. Even those given with the best of...

Time Is Ripe to Pass Cash to Heirs
Time Is
Ripe to Pass
Cash to Heirs 
Your money
Oct 18, 2008 12:05 PM CDT

Time Is Ripe to Pass Cash to Heirs

Struggling market can help you avoid paying estate tax

(Newser) - Sinking stocks offer a window of opportunity when it comes to passing your money on to heirs without incurring huge taxes, Anne Tergesen writes in the Wall Street Journal. Transferring struggling assets to the next generation can mean a big payoff for the heirs when conditions improve—without the estate...

Dying Loner Leaves Behind $260K in Cash

Surprise inheritance goes to long-lost granddaughter

(Newser) - A peripatetic Chicago-area retiree who spent the past few years living out of a van left a surprise when he died in a motel room last March: $263,000 in small bills in a vinyl suitcase. Police searched for months for an heir to 82-year-old John Grant’s life savings,...

'Jewish Clause' in Will Launches Lawsuits

Can a man disinherit his offspring for marrying outside faith?

(Newser) - A Chicago courtroom is the site of a nasty tangle over a Jewish patriarch’s wishes for his family, the Chicago Tribune reports. A wealthy dentist, upset to discover that a grandson was taking a gentile to the junior prom, left a provision in his will disowning any of his...

Pals Pony Up for Ledger's Daughter

Actors who completed Ledger's final role hand over pay

(Newser) - Johnny Depp, Jude Law, and Colin Farrell, who banded together to complete Heath Ledger’s final film role, in the The Imaginarium of Dr Parnassus, gave their paychecks to his daughter, Matilda, the Sun reports. “They didn’t take money—it goes to Heath’s daughter,” director Terry...

MLK Children: Lawsuit Defends Dad's Legacy

Accusations fly as estranged siblings take dispute public

(Newser) - Martin Luther King's children are blaming each other for the uncharacteristically public standoff that led two of them to sue the third over management of their father's estate, the Atlanta Journal-Constitution reports. The deaths of the family peacekeepers, mother Coretta and sister Yolanda, helped expose the rift. "Strong parents...

Connery Won't Give Son a Dime
 Connery Won't Give Son a Dime 
Jul 21, 2008 10:45 AM CDT

Connery Won't Give Son a Dime

Star wants son to earn his living

(Newser) - Add Sean Connery to the list of wealthy patriarchs who want their children to make their own money. The 77-year-old actor is worth $170 million, but his 45-year-old son, Jason, will “never receive a penny” of it, Connery’s ex-wife and Jason's mother Diane Cilento told the London Times.

MLK Children Fight Over Estate
 MLK Children Fight Over Estate 
Jul 12, 2008 7:36 AM CDT

MLK Children Fight Over Estate

Family dispute over civil rights hero's estate goes public

(Newser) - Two of Martin Luther King Jr.'s three surviving children are taking their brother to court, the Atlanta Journal-Constitution reports. Bernice and Martin King III say Dexter, president of the corporation that oversees the civil rights hero's intellectual property rights, has mishandled company funds and wrongfully taken money from their...

Queen of Mean's Billions Go to the Dogs

With $8B, Helmsley trust will dwarf all animal charities

(Newser) - Leona Helmsley made headlines last year for leaving $12 million to her dog while stiffing two of her grandchildren. But the pooch's payday looks like small change compared to the bonanza in store for America's dogs, the New York Times reports. A charitable trust being built with the late hotel...

Ledger's Ex Irate Over Will Snub

Girlfriend claims daughter hasn't received any cut

(Newser) - Heath Ledger’s ex-girlfriend Michelle Williams is livid at the exclusion of her and her daughter from the execution of Ledger’s will, the NY Post reports. Ledger’s will, which leaves everything to his parents and sisters, predates the birth of their daughter Matilda—who is now the legal...

Judge to Helmsley's Dog: Let Go of That

Pooch must scrape by on $2M; snubbed grandkids cash in

(Newser) - Leona Helmsley’s dog, Trouble, turns out not to need that $12 million trust fund after all. The world's most spoiled Maltese will manage on $2 million, and the rest will go to charity, the New York Post reports.

Heath May Have Fathered Secret Love Child

17-year-old Ledger had affair with older woman before baby girl's birth

(Newser) - A 17-year-old Heath Ledger may have fathered a child during an affair with an older woman, Sydney’s Daily Telegraph reports. The woman was living in Sydney with another man while seeing the young actor. “There is a very real possibility that Heath was the father” of the baby...

Baby Daughter Is Anna Nicole's Only Heir

Court ruling means Dannielynn may inherit billions

(Newser) - Anna Nicole Smith’s 18-month-old daughter is sole heir to the ex-model's estate, a Los Angeles court ruled today. Dannielynn stands to inherit billions if the ongoing legal dispute over the fortune of Smith's second husband, J. Howard Marshall, is resolved in her mother's favor, People reports. Anna Nicole's will...

Not Such a Ruff Life: 3 Dogs Cash in on $800K Will

They're rolling in dough in their own home

(Newser) - You dogs, you. Three happy Maryland pooches have a new leash on life now that their owner has died and left them assets worth $800,000. Buckshot, Katie, and Obu-Jet—a beagle and two Labrador mixes—were strays when their well-heeled owner adopted them in 2002. They currently spend their...

Death Threats Drive Heiress Dog Into Hiding

Helmsley's $12M pooch flees to undisclosed location in Fla.

(Newser) - When the Queen of Mean left her pampered pooch $12 million, it only spelled trouble for Trouble. Leona Helmsley's spoiled Maltese, whose annual upkeep bills run to $300,000, was forced to flee her Connecticut estate after a flood of death and abduction threats by blackmailers hungry for the dog’...

Millionaire Dog May Have to Fight for Her Biscuits

World's richest pooch already faces lawsuit

(Newser) - When billionaire hotelier Leona Helmsley bequeathed $12 million to her pooch before she died last month, it's a good thing she left the eight-year-old Maltese enough to hire  a good lawyer. Trouble, who was inseparable from the 'Queen of Mean' when she was alive, and had a propensity to bite...

Hilton Grandpa Empties Paris' Purse
Hilton Grandpa Empties Paris' Purse
Jul 30, 2007 1:32 PM CDT

Hilton Grandpa Empties Paris' Purse

Jailbird loses 'heir' in 'heirhead,' kisses $60M goodbye: report

(Newser) - Paris Hilton's grandfather, the only family member still bankrolled by the hotel chain, has reportedly put the kibosh on her $60 million inheritance, the Daily Telegraph of Australia says. Long red-faced over his granddaughter’s antics, 79-year-old Barron Hilton was sent over the top by her recent jail sentence and...

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