Regardless of what happens, I will always respect you and be your friend.". Said Testatrix was, at the time of so executing said Will, over the age of 18 years and, in the respective opinions of the undersigned, of sound mind, memory and understanding and not under any restraint or in any respect incompetent to make a will. If my brother, ALVIN ROSENTHAL (ALVIN), survives me, in each taxable year of the trust, ALVIN shall receive, during his life, an amount equal to five percent (5%) of the net fair market value of the assets of the trust valued as of the first day of each taxable year of the trust (the valuation date). he and other investors bought Tudor City on the East River at 41st Street and the Parkchester complex in the Bronx. Leona Helmsley, the "Queen of Mean" whose legendary cruelty towards her employees and disdain for "little people" became the unacceptable face of New York high society in Ronald Reagan's 1980s,. Leona Helmsley, Hotel Queen, Dies at 87 - The New York Times (4) Any funds which a court determines are no longer needed to carry out the purposes of this trust for cemetery purposes shall be paid over to The Leona M. and Harry B. Helmsley Charitable Trust created by a Trust Agreement dated April 23, 1999, of which I am the Settlor and initially the sole Trustee, as such Trust Agreement may be amended and restated form time to time in accordance with its provisions (THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST) and I direct the trustees of THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST to add the same to the principal of THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST and dispose of the same for charitable purposes in accordance with the provisions thereof. B. Our Standards: The Thomson Reuters Trust Principles. I direct that I be interred wearing my gold wedding band (which is never to be removed from my finger) and that my remains be interred next to my beloved husband. Just as they did to Martha Stewart. Whenever appropriate, the singular shall include the plural and the plural shall include the singular, as the context may require. To borrow such amounts, from such persons other than my individual fiduciaries (or any beneficiary of my estate or any trust hereunder) upon such terms and conditions and for such purposes as they may deem advisable and to pledge any assets of my estate or any trust hereunder to secure the repayment of any amounts so borrowed, provided that all loans shall be made at a reasonable rate of interest. Leona Helmsley, 87; imperious New York hotelier served time in prison have any children together? It was Codey who gifted her the infamous Trouble, a Maltese who was fond of biting people indiscriminately and eating from the menu. In addition to all powers conferred upon them by law, I hereby give to my fiduciaries the following powers, authority and discretion, to be exercised by them without regard to present or future statutory limitations thereon and with respect to all property, real or personal, which I own or in which I have any interest or which may at any time under any of the provisions of this Will be subject to administration by my fiduciaries: 1. [57][58][59], Helmsley was known for "tyrannizing her employees". When Harry died in 1997, he left his entire $5 billion estate to her. [37][38], Leona Helmsley died of congestive heart failure at the age of 87, on August 20, 2007, at Dunnellen Hall, her summer home in Greenwich, Connecticut. [30] She was released from custody on January 26, 1994, after serving twenty-one months.[31]. After deliberating for five hours over the discrimination lawsuit, the six-person jury in State Supreme Court in Manhattan unanimously found that Mrs. Helmsley had created a hostile work environment for the former manager, (iii) In reaching a determination, the individual Executor(s) and Trustee(s) shall act in a manner consistent with their fiduciary duties. If any such section, regulation or administrative pronouncement at any time requires a charitable remainder unitrust to contain provisions that are not expressly set forth herein, such provisions shall e incorporated into this Will by reference and shall be deemed to be a part of this Will to the same extent as though they had been expressly set forth herein. Upon his death in 1997, Leona Helmsley inherited roughly $5.5 billion. The couple also developed properties that included the Helmsley Palace Hotel, the New York Helmsley Hotel, the Park Lane Hotel, and hotels in Florida and other states. 'Only the Little People Pay Taxes' - The Atlantic Letters poured into Frankel offering the dog a warm and loving home. The only similarity between Leona and Mrs.Astor was the fact that they were both females. STATE OF NEW YORK ) ) ss: COUNTY OF NEW YORK ). Former employees testified at trial "about how they feared her, with one recalling how she casually fired him while she was being fitted for a dress". [15] The remodeling bills came to $8million, which the Helmsleys were loath to pay. (1) If my brother ALVIN ROSENTHAL survives me, I leave the sum of Five Million Dollars ($5,000,000) to him. Mrs. Helmsley was also charged with defrauding Helmsley stockholders by receiving $83,333 a month in secret consulting fees. After a brief period at a sewing factory, she joined a New York real estate firm, where she eventually became vice-president. That made Trouble the third wealthiest dog in the world at the time (the top spot goes to Gunther III, Countess Karlotta Libenstein's German Shepherd, who inherited $106 million in 1992). Asmall groupof mourners gathered yesterday to pay tribute to legendary hotel magnate Leona Helmsley, who was remembered not for her mercurial temper but for her charity and toughness. Her will is significant for the $12 million gift in trust for her dog, Trouble. A judge subsequently reduced this amount to $554,000. "She was wonderful and had a great sense of humor," said John Cody, an adviser who delivered a eulogy. The Daily News described his mausoleum there as "A Tomb With a View." It was. Part of her company's portfolio at one time included the Empire State Building, The . HELMSLEY CHARITABLE TRUST. [53] Her other two grandchildren, Craig and Meegan Panzirer, received nothing.[15]. My fiduciaries may from time to time authorize one of their number, or each of them acting singly, to execute instruments of any kind on their behalf (including, but not by way of limitation, any check, order demand, assignment, transfer, contract, authorization, proxy, consent, notice or waiver). For a man whose accomplishments affected so many, Harry B. Helmsley was buried yesterday before so few. [45], The will left her Maltese dog, Trouble, a $12million trust fund. taxes. B. I leave my residuary estate to THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST, to be disposed of for charitable purposes in accordance with the provisions of that Trust Agreement. "When she got angry she was usually right.". And when Helmsleys tax fraud trial began, Trump gloated: I can feel sorry for my worst enemy, but I cannot feel sorry for Leona Helmsley. No one is perfect, not even you. These two could NEVER be compared. H. All decisions regarding my estate or any trust shall be made by a majority of my Executors or Trustees not disqualified to act thereon, or by both if only two are then serving. Harry divorced his wife of 33 years and married Roberts on April 8, 1972. According to Mr. Rubenstein, the Archbishop said of Mr. Helmsley, ''He had a big smile, a strong voice and courage, and that will be remembered.'' He was there the following day. Real estate mogul Leona Helmsley sentenced to prison - History Within a reasonable time after he end of the taxable year in which the complete funding of the trust occurs, my Trustees must pay to the Recipient (in the case of an underpayment) or receive from the Recipient (in the case of an overpayment) the difference between (1) any unitrust amounts actually paid, plus interest, compounded annually, computed for any period at the rate of interest that the federal income tax regulations under Section 664 of the code prescribe for the trust for such computation for such period, and (2) the unitrust amounts payable, plus interest, compounded annually, computed for any period at the rate of interest that the federal income tax regulations under Section 664 prescribe for the trust for such computation for such period. Once upon in New York there was a politically ambitious federal prosecutor who sent a real estate and hotel magnate to jail for tax fraud. Re the comment about Helmsley selling Tudor City and the Parkchester complex. Mr. Helmsley, a self-made billionaire, died in 1997 and was soon afterward entombed at Woodlawn Cemetery in the Bronx. Leona Helmsley was born Lena Mindy Rosenthal[4][9][1][2][3][10] in Marbletown, New York, to Polish-Jewish immigrants, Ida (ne Popkin), a homemaker, and Morris Rosenthal, a hatmaker. [44] The courts have ruled that the trust is not legally bound to wishes separate from the trust documents. get along without a phone in the bath. [12], The trial was delayed until the summer of 1989 due to numerous motions by the Helmsleys' attorneys, most of them related to Harry's health. The distribution shall be paid in quarterly installments out of income and, to the extent income is not sufficient, out of principal. Fashionable shoes, clothes from of 'Queen of Mean' up for auction It also found that she inflicted severe emotional distress when she fired him in March 2001 after about four months on the job at Park Lane, the luxury hotel on Central Park South. Taxes are for the little people is really all she will be remembered for. Mr. Helmsley, who died in 1997, got his start in the 1920s as a broker and rent collector in Manhattan neighborhoods like Hells Kitchen, scavenging properties at tax sales and buying foreclosed properties from And Leona was prominently featured in an ad campaign as the demanding Queen of the Palace who wouldnt tolerate the slightest mistake. Any income of the trust which is not required to be distributed shall be added to principal at the end of each taxable year and at the termination of the trust. G. No fiduciary shall have any power whatsoever to make or participate in making decisions affecting in any way the disposition of the income or the principal of such trust to or for the benefit of such person or in discharge of a legal obligation of support which such person has. Their only son was Jay (19401982), who had four children with his wife, Mimi. Leona Helmsley Obituary - Death Notice and Service Information - Legacy.com By then, however, the trial was already highlighting her abusive and micromanaging behavior towards family members, employees, contractors and even senior executives. 'Queen of mean' Leona Helmsley dies - NBC News Their signing a registration book would prove that they had visited the grave. When she died, Leona Helmsley gave her grandchildren nothing, but left a $12 million trust to provide for the maintenance and welfare of Trouble at the highest standards of care.. GRAVE ERROR BY LEONA'S GRANDKIDS - New York Post In 1996, a judge ordered her to pay $1.5 million to a long-term employee who was chief financial officer of the Helmsley enterprises and who She was extremely generous as a philanthropist and she gave tens of millions of dollars to At her death she owned a significant commercial and residential real estate and hotel portfolio, including interests in the Empire State Building and the Lincoln Building, the Park Lane Hotel on Central Park Only little people pay taxes. She denied making the statement. Leona Helmsley was a fan of Ferragamo shoes and these are just a few of the approximately 250 pairs of the same style being prepared for display Tuesday, Feb. 19, 2008, in Chicago. Helmsley successfully sued her son's estate for money and property that she claimed he had borrowed, and she was ultimately awarded $146,092.