Will
Astor left $69 million of his $85 million estate ($2.08 billion in 2012 dollars) to his eldest son, Vincent. This value includes his estate in Rhinebeck and his yacht, the Noma. To his wife Madeleine, he left a five million dollar trust fund and an annual paycheck of $500,000, as well as use of his New York mansion 65th & Fifth Avenue, all its furnishings, and his Newport mansion Beechwood and all of its furnishings, pick of whichever luxury limo she wanted from his collection and five of his prized horses—as long as she did not remarry. His remaining child, Alice (who lived with her mother Ava), received a $10 million trust fund.
Read more about this topic: John Jacob Astor IV
Famous quotes containing the word will:
“For to those who have, more will be given, and they will have an abundance; but from those who have nothing, even what they have will be taken away.”
—Bible: New Testament, Matthew 13:12.
“The question for the country now is how to secure a more equal distribution of property among the people. There can be no republican institutions with vast masses of property permanently in a few hands, and large masses of voters without property.... Let no man get by inheritance, or by will, more than will produce at four per cent interest an income ... of fifteen thousand dollars] per year, or an estate of five hundred thousand dollars.”
—Rutherford Birchard Hayes (1822–1893)
“Take but degree away, untune that string,
And hark what discord follows!
...
Force should be right, or, rather, right and wrong—
Between whose endless jar justice resides—
Should lose their names, and so should justice too.
Then everything includes itself in power,
Power into will, will into appetite;
And appetite, an universal wolf,
So doubly seconded with will and power,
Must make perforce an universal prey,
And last eat up himself.”
—William Shakespeare (1564–1616)