Tag Archives: charity

Should More of Leona Helmsley’s Trust Fund go to Help Dogs?

Leona Helmsley, widely regarded as the “Queen of Mean” before she died at age 87 in 2007, left behind a fortune valued by some to be worth four to eight billion dollars. She earmarked twelve million dollars to take care of her dog, Trouble, until the Judge reduced it to a paltry two million.
Helmsley left most of the remainder of her billions to charity, specifically directing that her trustees were to use their discretion for what charitable purposes to benefit. But she also signed a Mission Statement that instructed the trustees to exercise that discretion first for “purposes related to the provision of care for dogs” and, only secondly, for “such other charitable activities as the Trustees shall determine.”

According to published reports, the trustees of Leona Helmsley’s trust have only given away 100,000 dollars to dog-related charities, out of the 450 million dollars they’ve donated so far to charity. That’s only about one-fiftieth of one percent!
Leona Helmsley’s Trust Fund go to Help Dogs

Several notable animal charities, Read more...

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Judge rules that Feng Shui Master forged Nina Wang’s will

The Nina Wang case captivated Asia in much the same way the Brooke Astor case made headlines in New York last year.  Only, instead of questions surrounding whether a multi-millionaire’s will was invalid, the Nina Wang case involved whether Tony Chan Chun-chuen forged the will of Asia’s richest woman, to the tune of about thirteen billion dollars, according to some estimates.  She died at age 69 in 2007.

The case raged for months, and The Probate Lawyer Blog featured several articles about it.  The Hong Kong judge carefully deliberated since closing arguments took place in late September.  Earlier today, the High Court released the 326-page ruling that declared Wang’s 2006 will to be a forgery.

Nina Wang case
Tony Chan contended that Wang had left him her fortune because, rather than being a mere feng shui adviser for her, he was also her secret lover.  Of course, he was married during the affair.  And he was 20 years younger than she was.

Lawyers for the Wang family and charities (the vast majority Read more...

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