Who is leona helmsleys son

Subject to the provisions of Paragraph D and E or this Article, to manage, operate, repair, improve, mortgage and lease for any term any real estate; and to determine whether or not to establish any reasonable reserves to be charged against income for depreciation of any buildings or capital improvements thereon;.

To borrow such amounts, from such persons other than my individual fiduciaries or any beneficiary of my estate or any trust hereunder upon such terms and conditions and for such purposes as they may deem advisable and to pledge any assets of my estate or any trust hereunder to secure the repayment of any amounts so borrowed, provided that all loans shall be made at a reasonable rate of interest,.

Except to the extent prohibited by law, to delegate in whole or in part, to any agent or agent who may be one or more of my fiduciaries , any of the powers granted to my fiduciaries, including but not limited to the authority and power to a sign checks, drafts or orders for the payment or withdrawal of funds from any bank account in which funds of my estate or any trust shall be deposited, b endorse for sale, transfer or delivery, or sell transfer or deliver, or purchase or otherwise acquire, any and all stocks, bonds or other securities whatsoever, and c gain access to any safe deposit box or boxes in which assets of my estate or any trust may be located or which may be in the names of my fiduciaries and remove part or all of the contents of any such safe deposit box or boxes and release and surrender the same;.

To employ such attorneys, accountants, custodians, investment advisors, real estate consultants and other persons including any firm with which any of my fiduciaries may be affiliated as they may deem advisable in the administration of my estate or any trust hereunder, and to pay them such compensation as they may deem proper;.

In general, to exercise all powers in the management of my estate and any trust hereunder which any individual could exercise in the management of similar property owned in his own right, upon such terms and conditions as to them may seem best, and to execute and deliver all instruments and to do all acts which they deem necessary or advisable to carry out the purposes of my Will, and my fiduciaries shall have no liability by reason of any action, inaction, determination or exercise of discretion taken or made in good faith nor by reason of any loss sustained as a result of the purchase, retention, sale, exchange or other disposition of any property made in good faith.

Notwithstanding the foregoing, subject to the provisions of the Internal Revenue Code and state law relating to charitable split interest trusts, my fiduciaries shall be limited in the investment and reinvestment of funds held by my estate or by any trust under this Will to U. These investments shall be held by a financial institution, preferably one which does not charge for such service.

This restriction shall not affect the power of my fiduciaries to retain and deal with any assets which I may own at my death or which my fiduciaries may receive by reason of my death. No power or discretion granted to my Executors and Trustees by this Will or by law, including, without limitation any investment power, shall apply to any disposition of property hereunder to any charitable organization including THE LEONA M.

This paragraph C shall be construed as a precedent and not as a subsequent limitation or condition. In furtherance of my intent as expressed above, I authorize and empower my Executors, to the extent permitted by law, to exercise their rights and powers as holders of such shares or interests, to sell or otherwise dispose of the assets or business or, in their sole discretion, to sell, exchange, offer for redemption or otherwise dispose of the shares of or interests in the Entity owned by my estate, or to effect the liquidation or dissolution of the Entity, at such time or times and upon such terms and conditions as shall, in the opinion of my Executors, be in the best interests of my estate.

During the period of administration required before the disposition of the interests described above, any one or more of my Executors may act as officer, partner, director manager or employee of the Entity, and the Executors are specifically authorized to exercise their rights of ownership as Executors for the election or appointment of any person or persons, including themselves, as directors, officers, managers or the like, and I direct that no such person shall be required to furnish any bond in connection with such employment.

I am aware that conflicts of interest may arise by reason of service on the part of my Executor as such and as officer, partner, director, manager or employee of the Entity and by reason of my Executors owning an interest in the Entity in their own right.

I intend that my Executors shall, in all respects, be free to exercise the powers and discretion herein conferred as fully and unrestrictedly as if there were no such conflicting interests. With this thought in mind, I expressly exempt my Executors from the adverse operation of any rule of law which might otherwise apply to them in the performance of their fiduciary duties by reason of conflict of interest.

Without limiting the generality of the foregoing, I specifically direct that my Executors shall not have any greater burden of justification in respect of their acts as Executors by reason of conflict of interest than they would have in the absence of any such conflict. Anything herein to the contrary notwithstanding, I direct that during any period of administration required before the disposition of such property as described above, the management of any property which at my death was owned or controlled directly or indirectly by me shall be performed by an entity which is also owned, operated or controlled directly or indirectly by my Executors or Trustees, as the case may be, except that this provision shall not preclude a corporate fiduciary from serving as an Executor or a Trustee.

If any beneficiary under this Will shall directly or indirectly, file or cause to be filed objections to this Will, or shall in any other manner contest this Will, in part or in whole, or attempt to prevent the probate thereof, or shall, directly or indirectly, institute or prosecute any action or proceeding to invalidate or set aside this Will or any of its provisions, or shall assert any claim against me or my estate, then any bequest under this Will to for the benefit of such beneficiary whether outright or in trust and his or her issue shall not be paid to them or for their benefit and such beneficiary and his or her issue shall be deemed to have predeceased me for all purposes of this Will.

The determination of my Executors concerning the application of this Article shall be conclusive on all interested parties. Whenever the masculine or feminine or neutral gender is used in this Will, it shall be deemed, when appropriate to the context, to include any other gender as well. Whenever appropriate, the singular shall include the plural and the plural shall include the singular, as the context may require. The headings in this Will have been inserted solely for convenient reference, and shall be ignored in its construction.

But she did leave millions for her brother, Alvin Rosenthal. He was initially responsible for caring for Trouble. But when her brother refused to care for the dog after Helmsley's death, Trouble was flown by private jet to Florida. The will also stipulated that when the Maltese went to the big kennel in the sky, she would lie beside her in the 12,square-foot Helmsley family mausoleum in Sleepy Hollow Cemetery in Westchester County, N. Click here for weird wills. Trouble lived the equivalent of 84 human years and was tended to around the clock at the Helmsley Sandcastle hotel in Sarasota.

The dog was blind and stricken with health issues before her death. Trouble, who had faced 20 to 30 death and kidnapping threats, also retained a full-time security guard, according to news reports. Helmsley named as the executors of her estate Mr. That provision, Mr. Rikoon said, may be less easy to enforce than the grave-visiting provision. A sad end to a life, but even Mrs.

As an elderly person, the stories of these two women alarm me. It denigrates the axiom that all men and women are created equal. It can only lead to discontent and unrest among those less well off. Helmsley apart from a relatively minor for her tax cheating incident is not to blame.

WE are told and taught by our system of government this is democracy,with freedom and opportunity for all. A really scandelous prevarication…. What happens to the balance of the money after the dog dies?

Rich people are very very eccentric! She could have left me 30,, I would have given it to help charities around the world. I am from Australia and have just read about Mrs Helmsley. On September 16, , Leona signed a document that listed three goals for the planned expenditures. On March 1, , she signed a new mission statement that revoked the previous one, and made one significant change.

She now omitted the second purpose—medical care for the indigent, especially children—and left only the purpose of caring for dogs and the catch-all third category. What this means for how the trust will operate is far from clear.

It would only be binding if it was in the will itself. The animal-rights movement in New York is, however, already gathering proposals for how to use the money. The most detailed ideas so far come from Jane Hoffman.

The Duffields have endowed the foundation with more than three hundred million dollars and made grants of more than seventy-one million dollars. Hoffman and other animal-rights supporters have been nursing a grudge for years against the Doris Duke Charitable Foundation. Duke, the tobacco heiress, died in and left much of her wealth to a foundation that now has assets of about two billion dollars. The Duke foundation has a program to combat child abuse, but it has never invested in an animal-welfare program.

Claire Baralt, a communications officer for the foundation, points out that the will says that support of animal rights was optional, not mandatory. You know that person was extremely attached to her animals, but, at the end of the day, the trustees have made sure that very little has gone from that estate to animals.

If you judge animal need against human need, human need is going to win most of the time, because we are human. We want to make sure the same mistakes are not made with Helmsley. The way Leona altered her mission statement places the issue in especially stark terms.

Version one proposed helping dogs and ailing poor children; version two—the final version—cut out the children and gave everything to the dogs. Is there any justification for such a calculation? That you can give to this sector of society, which is animals, as opposed to the other sector, which is human beings, tells you something about her and about the times in which we live.

Helmsley is charged in the indictment with being a tough bitch. The transfer of this kind of obsessive affection from Harry to Trouble seems apparent. The twelve-million-dollar trust for the dog is bigger than any other single bequest in the will. On the whole, the will reflects contempt for humanity as much as love of dogs.

And she is not the first wealthy person to use a will to show a preference for dogs over humans. Rumors abound about major bequests to pets, although facts are difficult to pin down. Toby Rimes, a New York dog, is said to have inherited about eighty million dollars, and Kalu, a pet chimpanzee in Australia, may have received a bequest of a hundred and nine million dollars.

A widely reported story that a German dog named Gunther IV inherited more than a hundred million dollars appears to be a hoax.