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:
“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)
“So the last will be first, and the first will be last.”
—Bible: New Testament, Matthew 20:16.
“You must not feel too anxious about the little folks with you.... Their little peculiarities, which with your older judgment do not seem favorable, will gradually disappear as they get older. It is best to overlook most things, and not be too solicitous about perfection. I am afraid you will think I will spoil our children by too little government. Perhaps we do err on the other side, but you must come down and instruct us.”
—Rutherford Birchard Hayes (1822–1893)