inheritance

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Meet World&#39;s Richest Cat
 Meet World's Richest Cat 

Meet World's Richest Cat

Italy's Tomasso inherits owner's $13.4 million estate, sort of

(Newser) - Now that's some serious scratch—Tommaso, a 4-year-old former stray, is now the world's richest cat, the inheritor of $13.4 million worth of properties around Italy, reports the Guardian . Tommaso's rich owner, a 94-year-old childless widow, died last month, leaving her entire estate to her cat....

Baby Boomers Blowing Through Kids' Inheritance

Half of boomers don't care about leaving money to children, survey says

(Newser) - You might not be able to take it with you when you go, but many baby boomers aren't about to leave anything behind, either. Just 49% of millionaire boomers say it's important to leave money to their children when they die, reports the LA Times . The study by...

Good News for Homeless Guy: You're Rich!

PI tracks down Max Melitzer to tell him about inheritance

(Newser) - Max Melitzer was wandering the streets of Salt Lake City yesterday, pushing all his worldly belongings in a shopping cart, when a man approached with some pretty good news: Melitzer, who has been homeless for years, had just come into a lot of money. Seems Melitzer's brother died last...

Tony Curtis Didn't Leave Kids a Dime

He disinherited all 5 just months before death

(Newser) - Jamie Lee Curtis eulogized her father Tony at his funeral last year—but just five months before his death , Curtis had disinherited Jamie Lee and his other four children. Inside Edition has a copy of the will, which lists his children by name … then says, “I acknowledge the...

Anna Nicole's Estate Loses $450M Inheritance Fight

Appellate court agrees with earlier Texas ruling

(Newser) - Anna Nicole Smith's estate won't inherit any money from J. Howard Marshall, the oil magnate Smith married a year before his death. In a case that's dragged on for nearly 15 years, a federal appeals court in San Francisco ruled today that a Texas probate court correctly found Marshall didn't...

How to Manage Your Passwords From the Grave

From Facebook to bank accounts, online afterlife a thorny legal area

(Newser) - These days grieving relatives have a new problem to contend with: managing the Facebook, Flickr, and eBay accounts of the dead. As people trust ever more of their lives to the Internet, from email and online banking to identities on Second Life, very few have considered what exactly will happen...

The Strange Story of Jack Kerouac's Estate

A mama's boy, a will that's a forgery, and '100 Greek relatives'

(Newser) - When Jack Kerouac died, wallowing in alcohol and obscurity, the bank estimated his estate’s value at $1. He left everything to his mother, and when she died, she left it to Kerouac’s third wife, Stella Sampas—or so everyone believed. Recently a Florida court ruled Gabrielle Kerouac's will...

Prince Harry's B-Day Gift: $10M

Princess Diana's estate can't be spent quite yet, but interest will boost his salary

(Newser) - Prince Harry’s 25th birthday today made him a millionaire, CNN reports. Princess Diana left a $35 million estate, which means about $21.6 million for Harry and William to share after inheritance taxes. Though the princes can’t spend it until they turn 30, Harry is now entitled to...

DJ AM Left $1M, No Will
 DJ AM Left $1M, No Will 

DJ AM Left $1M, No Will

Late DJ's mother asks to be named as sole heir

(Newser) - DJ AM died without leaving a will or any instructions on what should be done with his fortune, E! Online reports. The late DJ's mother has asked a court to name her as his sole heir, since he had no spouse or children. The 36-year-old DJ died with assets...

Cronkite Will Leaves Gal Pal High and Dry

Money goes to kids, CBS staff; daughter: 'it was about my mother'

(Newser) - Walter Cronkite left nada in his will for his opera star girlfriend, reports the New York Post. The 2005 document, written before he and singer Joanna Simon became attached at the hip, divides Cronkite's estate among his three kids and his CBS staff. The newsman’s daughter says Cronkite never...

Daughter-in-Law Scolded Astor for Breaking Hip

Charlene Marshall berated 101-year-old in hospital: witness

(Newser) - Brooke Astor’s daughter-in-law berated the 101-year-old socialite for breaking her hip in 2003, the New York Post reports. “We had to cancel our trip to London all because of you!” Charlene Marshall groused to the hospitalized Astor, according to testimony from housekeeper Angela Moore. Anthony Marshall is...

Astor Trial Delayed as Son Visits Doc

Trial may restart tomorrow: judge

(Newser) - The Brooke Astor trial is on hold because the late philanthropist’s accused son is visiting his neurologist. Anthony Marshall—who is 85, wears a pacemaker, and has survived a heart attack and open-heart surgery—has been looking increasingly frail as the fraud trial unfolds, the New York Post notes....

Generosity Earns L'Oréal Heiress, 86, Date With Shrink

(Newser) - The grand dame of L'Oréal will submit to psychiatric tests after her daughter complained in court about the $1.5 billion in gifts she has lavished on a 61-year-old male friend, the Guardian reports. Liliane Bettencourt, 86, agreed to testing to prove she's mentally competent. An angry Bettencourt told...

Longtime Friend Testifies to Astor's Senility

Author Auchincloss told her son's lawyer she didn't recognize him

(Newser) - A longtime friend of philanthropist Brooke Astor testified yesterday that her faculties were so deteriorated the last time he saw her that she did not recognize him, the New York Daily News reports. Author Louis Auchincloss said the encounter took place 2 years before Astor allegedly changed her will, awarding...

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

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...

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