Thursday, June 28, 2007
The following developments are reported in Serge F. Kovaleski, Will of Mrs. Astor, Now 105, Gives Millions to Family and to Charity, NY Times, June 24, 2007:
- Brooke turned 105 years old in March 2007.
- The terms of her will, unknown publicly until recently, detailed gifts to her son Anthony (primary beneficiary), daughter-in-law Charlene (specific gifts of clothes and jewelry), grandsons ($1 million each), and New York City public school teachers (travel endowment), among others.
- The value of Brooke's estate is estimated to be $130 million plus the trust of her deceased husband valued at an additional $60 million.
- A fight over the validity of the will and several codicils is likely to occur after her death on the basis of lack of testamentary capacity, undue influence, and forgery. These codicils enhanced the share of her estate to be received by or controlled by her son.
Special thanks to Dr. Natalie Tarenko for bringing this article to my attention.