The Fate of Huguette Clark's Fortune

[Tomasso]

DPC say's that she had actually been living at the hospital for the last 23 years.....and he's up on his Manhattan gossip.

 

[subject101]

Hey, after 5 pages of thread this woman can't be just a self secluded pretender

 

[Tomasso]

There's a great probability that she is more interesting in death than she was in life.

 

[subject101]

There's a great probability that she is more interesting in death than she was in life.

That's for sure, but if not true she was self secluded, she's not so interesting (unless you are in her heirs list). Maybe we should talk about Howard Hughes. Any other famous self secluded?

 

[Tomasso]

Actually, I was refering to her value as one of the few alive today who caught the tail end of the Gilded Age. People like Brooke Astor; who would talk your ear off (in a good way) if you even broached the subject.

 

[John in Covina]

Here she is (right) at age 11 with her father and sister in 1917.

Here the family is caught in a rare spontaneous moment of unrestrained love and closeness, true bliss. You can really see it in their expressions.

 

[Tomasso]

The will has been read........


A last will and testament for the reclusive copper heiress Huguette M. Clark was filed Wednesday afternoon in Surrogate's Court in New York City, leaving most of her $400 million fortune to charity — and $1 million to her financial advisers even as a criminal investigation of the handling of her money continues.

The nurse who took care of her for two decades will receive about $30 million after estate taxes. She had been randomly assigned by an agency to care for Clark in about 1991.

Not a dime was left to Clark's relatives, who are likely to challenge the will in court.


http://www.msnbc.msn.com/id/43287522/ns/business-local_business/?GT1=43001

 

[sheeplady]

The will has been read........


A last will and testament for the reclusive copper heiress Huguette M. Clark was filed Wednesday afternoon in Surrogate's Court in New York City, leaving most of her $400 million fortune to charity — and $1 million to her financial advisers even as a criminal investigation of the handling of her money continues.

The nurse who took care of her for two decades will receive about $30 million after estate taxes. She had been randomly assigned by an agency to care for Clark in about 1991.

Not a dime was left to Clark's relatives, who are likely to challenge the will in court.


http://www.msnbc.msn.com/id/43287522/ns/business-local_business/?GT1=43001

Well, that makes me hopeful that her "financial advisors" weren't taking advantage of her in her death. Though it remains to be seen if they did so during life (after all, after taxes they will each get about 600,000). That seems like an awful small amount- if they were trying to manipulate the will they weren't very successful.

I find it interesting that the article mentions that the nurse was randomly assigned to her. Are they trying to cast suspicion on the nurse?

 

[Tomasso]

Well, that makes me hopeful that her "financial advisers" weren't taking advantage of her in her death. Though it remains to be seen if they did so during life (after all, after taxes they will each get about 600,000). That seems like an awful small amount- if they were trying to manipulate the will they weren't very successful.

Actually, the article states that her advisers received less than that:

Clark's will leaves $500,000 to her attorney, $500,000 to her accountant

But in the adjoining videos (below the article) it is mentioned that during her life her lawyer had arranged for the sale of a Renoir painting and a Stradivarius violin which brought $30 million which has yet to be accounted for.

Also the will provided that both men be appointed to highly remunerated positions running the art foundation set forth in the will.

I find it interesting that the article mentions that the nurse was randomly assigned to her. Are they trying to cast suspicion on the nurse?

I don't think so. Rather, that through a chance placement the nurse was put into a position that ultimately gained her a fortune.

Mind you, that doesn't mean the the nurse couldn't have been in cahoots with her advisers. Caregivers can develop strong bonds with their patients giving them great influence over their decisions.

 

[sheeplady]

Well, there are three ways to look at what could have happened:

1. The people around her took advantage of her in setting up her will, ensuring that they would make out.

2. She actually wanted to appoint people she knew and trusted to handle her legacy, carry out her vision, and wanted to reward their service to her.

3. A combination of 1 & 2.


On a unrelated note:
To me, it's not some kind of warning sign just in the fact that she didn't leave money to family, especially since these were distant relatives that she hadn't seen in a while. For all we know, her family was as likely, if not more so, to manipulate her than a stranger.

 

[Tomasso]

Well, there are three ways to look at what could have happened:

1. The people around her took advantage of her in setting up her will, ensuring that they would make out.

2. She actually wanted to appoint people she knew and trusted to handle her legacy, carry out her vision, and wanted to reward their service to her.

3. A combination of 1 & 2..

I'll choose #3.......

On a unrelated note:
To me, it's not some kind of warning sign just in the fact that she didn't leave money to family, especially since these were distant relatives that she hadn't seen in a while. For all we know, her family was as likely, if not more so, to manipulate her than a stranger.

Totally agree.

Though there is some talk that her 'advisers' kept her family from visiting her. If that is true, they should rot in hell........

 

[sheeplady]

Though there is some talk that her 'advisers' kept her family from visiting her. If that is true, they should rot in hell........

I would agree. Family or not, if someone asks to see someone, they should be allowed to see them. Given her money, they could have provided anyone with transportation, a place to stay, etc. as many times as she wanted to see them.

My parents have made it extremely explicit that there are some individuals in their families they never want to see again- to the point that I've been told that these people are not invited to my parents' funerals. If my parents end up having dementia, I am sure that these people would claim I kept them away, was abusive because I kept them away, etc. They'll probably claim these types of things regardless if my parents have dementia or not if they outlive my parents.

 

[Gregg Axley]

Oh yeah sheeplady, they come out of the woodwork for money, any amount.
A friend passed several months ago, and left everything to his caregiver, another friend of 3 decades.
They were also the only one to take care of him AS he was getting sick, not when he was dying.
The family is disputing things, but that's life. He didn't want to see them again, and so he didn't.
As for this lady, I can see why she shut herself in. You look at many that have that kind of money, OLD money, and most do the same thing. The constant pulling in every direction for not only money, but time. Almost a smothering feeling. I'm glad she left it to charity, where the money can be used to help others. Bravo.
Tomasso an escort? TMI TMI....