Wednesday, May 25, 2011

The Fate of Huguette Clark's Fortune

          The intensely reclusive copper heiress Huguette Clark died on Tuesday, she was 104. Now, the fate of her estimated $500,000,000 fortune she inherited from her copper mining magnate father, W.A. Clark will have to be determined.  She divorced in 1930 and never remarried. After her mother Anna died in 1963, she cut herself off from the world, shutting herself into the family's massive apartments at 907 Fifth Avenue, in New York.  The family owns the entire eighth floor and half of the twelfth--42 rooms in all. There's also a beach house in Santa Barbara that she hasn't visited since the 1950s and a country house in New Canaan, Conn., currently for sale for $23 million.
         Also, her only apparent family seems to be nieces, nephews, and cousins.  In my opinion, I believe either the fortunes should be kept in the family, or let someone buy most of the realist ate and use some of the money to pay off any fees, debts, and commissions for the employees and lawyers.  Honestly, if she wasn't so reclusive from the public; she would probably have made some type of will where closely related relatives and friends could receive some inheritence.


http://news.yahoo.com/s/atlantic/20110524/ts_atlantic/fatehuguetteclarksfortune38100

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