Sunday, September 29, 2013
A settlement has been reached to divide Huguette Clark’s $300 million copper fortune.
Although Clark’s will specifically states her relatives should receive nothing, the deal gives them $34.5 million. The settlement also sets up an art foundation, which controls the Clark’s $85 million Santa Barbara summer home.
Clark’s nurse, Hadassah Peri, is the big loser in the settlement. Peri received $31 million in gifts during Clark’s life and would have inherited approximately $30 million in Clark’s will. However, under the settlement Peri will receive nothing from the will and has to pay back $5 million in gifts.
Click here for a copy of the settlement documents.
See Bill Dedman, Huguette Clark’s $300 Million Copper Fortune Is Divided Up: Here’s the Deal, NBC News, Sept. 24, 2013.