Reclusive Heiress’ Will Leaves Millions to Her Nurse and the Arts

10:36 am Uncategorized

last will 150x150 Reclusive Heiress’ Will Leaves Millions to Her Nurse and the ArtsThe will of Huguette Clark, the reclusive New York heiress who died at age 104 in May, was filed in Manhattan court a few days ago and provides details of her final wishes for the disposition of her estimated $400 million fortune.

The bulk of her estate will be used to establish a foundation for the promotion of the arts.  The foundation will be housed at her Santa Barbara, California estate, a 21,000 sq. ft. French country mansion situated on 23 acres overlooking the ocean that Clark had not seen for 60 years, but kept in good repair.  Artwork from her 42-room Fifth Avenue apartment, including works by Renoir, Sargent and other famous artists, will become the property of the arts foundation, which according to the will is to be called the Bellosguardo Foundation.

Clark left an estimated $40 million to her longtime nurse, Hadassah Peri, including her vast doll collection.  Clark lived at Beth Israel Medical Center for the last 20 years of her life.

Clark also reportedly left $500,000 each to her longtime lawyer, Wallace Bock and accountant Irving Kamsler, who are named co-executors of her estate.  Bock and Kamsler were targets of a 2010 investigation by the Manhattan District Attorney’s Office into whether they had mishandled Clark’s assets, although no findings have yet been released.

Clark, who was married briefly in the 1930s but had no children, made no provision for any family members in her will, specifying that, “I intentionally make no provision in this my last will testament for any members of my family, having had minimal contacts with them over the years. The persons and institutions named herein as beneficiaries of my estate are the true objects of my bounty.”

If you need assistance with providing for the true objects of your bounty, contact our Orange County estate planning law firm.

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