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Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Monday, September 23, 2013

Tentative Agreement in the Clark Case

ClarkAs I have previously discussed, heiress, Huguette Clark, died Tuesday, May 24, at the age of 104. Clark was the daughter of William Andrews Clark, a business man who had made a fortune in mining. Clark’s will was filed with a Manhattan court, allowing the world to see where Clark’s estimated $300 million estate will go. Jury selection started September 17, however, an hour after the process had begun Judge Anderson stopped the selection. The jury selection was delayed so that the parties could reach an agreement.

 

On Friday, September 20, the attorneys in the Huguette Clark estate battle reached a tentative settlement. NBC news posted a copy of the agreement. A source revealed the deal is a "victory for the family." Clark's second attorney and accountant who drafted the will in dispute received nothing. Under the agreement, $34.5 million dollars would be divided among the 20 grandchildren, and great-grandchildren of Clark's brothers and sisters. Clark's long time nurse will have to return $5 million and a $1.7 million dollar doll collection back into the estate for distribution. The Bellsoguardo Foundation will receive the doll collection, the Corcoran Gallery will receive $10 million dollars, the hospital that Clark stayed at will receive $1 million and her doctor Henry Singaman $100,000.

See Lawyers:Tenative Settlement in Fight Over Heiress's Estate, UPI ,  Sep. 21, 2013. See Also Julia Marsh Deal in $300M Heiress Fortune, New York Post, Sep. 21, 2013.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.

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