Wills, Trusts & Estates Prof Blog

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

Monday, August 24, 2015

Apartment Of Legendary Cosmo Editor At Center Of Estate Dispute

Article PictureHelen Gurley Brows is a legend in the publishing world and New York society based on her decades as editor-in-chief of Cosmopolitan magazine. When she died, her substantial estate included an apartment at the Beresford Building in Central Park West which is one of the most exclusive addresses in the city. The apartment was left to a charitable trust that was supposed to sell the apartment under the terms of the co-op agreement but, three years later, still retains the property. As a result, rumblings have spread that the fiduciary of the trust has improperly kept the property in violation of her duty to dispose of illiquid assets in addition to violation of the sell agreement. While no legal action has been taken, a failure to dispose of the apartment could lead to a suit as a violation of the co-op agreement which would lead to a forced sale.

See Katherine Rosman, Who Owns Helen Gurley Brown’s Legacy?, New York Times, August 22, 2015.

Special thanks to Joel C. Dobris and Wendy S. Goffe for bringing this article to my attention.

https://lawprofessors.typepad.com/trusts_estates_prof/2015/08/apartment-of-legendary-cosmo-editor-at-center-of-estate-dispute.html

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