Skip navigation
Watchlist Sponsored By :


Current DateTime: 09:58:52 14 Nov 2009
LinksList Documentid: 24355697

FEATURED QUIZZES


Current DateTime: 09:58:52 14 Nov 2009
LinksList Documentid: 33793611
  • The Billionaire BFF's

      Philanthropists. Bridge partners. Hockey players. Which responses are based on facts from Buffett's and Gates' real lives?

  • The Many Myths of Coca-Cola

      Can you tell which statements are true, and which ones are just rumors?

  • Think You Understand Markets?

      We've selected some questions from the Financial Industry Regulatory Authority's test of investor knowledge. See how you do ...


Current DateTime: 09:58:52 14 Nov 2009
LinksList Documentid: 24890560
  • Winterizing Your Portfolio

      If 2009 was the winter of our discontent, will 2010 be a winter wonderland for investors? A lot depends on the recovery—or lack thereof.

  • Investor's Guide to Real Estate

      Some even say the long-awaited recovery is here. Regardless, buyers and sellers alike can profit from our guide.

  • Alternative Investing

      Stocks and bonds? Sure. But it's a big world out there for investors.

powered by digg
Helmsley's Will: Dog - $12 million, 2 Grandkids - $0
By: By AP | 29 Aug 2007 | 02:35 PM ET
Text Size

Leona Helmsley
According to her will, Leona Helmsley left a $12 million trust fund to her dog, Trouble.

Leona Helmsley's dog will continue to live an opulent life, and then be buried alongside her in a mausoleum. But two of Helmsley's grandchildren got nothing from the late luxury hotelier and real estate billionaire's estate.

Helmsley left her beloved white Maltese, named Trouble, a $12 million trust fund, according to her will, which was made public Tuesday in surrogate court.

She also left millions for her brother, Alvin Rosenthal, who was named to care for Trouble in her absence, as well as two of four grandchildren from her late son Jay Panzirer -- so long as they visit their father's grave site once each calendar year.

Otherwise, she wrote, neither will get a penny of the $5 million she left for each.

Helmsley left nothing to two of Jay Panzirer's other children -- Craig and Meegan Panzirer -- for "reasons that are known to them," she wrote.

But no one made out better than Trouble, who once appeared in ads for the Helmsley Hotels, and lived up to its name by biting a housekeeper.

"I direct that when my dog, Trouble, dies, her remains shall be buried next to my remains in the Helmsley mausoleum," Helmsley wrote in her will.

The mausoleum, she ordered, must be "washed or steam-cleaned at least once a year." She left behind $3 million for the upkeep of her final resting place in Westchester County, where she is buried with her husband, Harry Helmsley, and where the pair have a view of the New York skyline.

She also left her chauffeur, Nicholas Celea, $100,000.

Everything else, including cash from sales of the Helmsley's residences and belongings, reported to be worth billions, she ordered sold and the proceeds given to the Leona M. and Harry B. Helmsley Charitable Trust.

Her longtime spokesman, Howard Rubenstein, had no comment.

Helmsley died earlier this month at her Connecticut home. She became known as a symbol of 1980s greed and earned the nickname "the Queen of Mean" after her 1988 indictment and subsequent conviction for tax evasion. One employee had quoted her as snarling, "Only the little people pay taxes."

© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Tools:
Print EmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Warren Buffett and Bill Gates spoke to Columbia students, and Buffett made the students a startling offer.
  • Brian L. Roberts
  • For the chief of cable company Comcast, growth has been about making deals – generally very large deals.
  • Some companies may start using insurance to shift carbon risk from their balance sheets to maybe... yours?
  • The president and founder of Genesis Today wants to improve America’s health, and thinks Wal-Mart can help.
  • Switzerland's privacy watchdog is taking legal action to force Google to make changes to its Street View service.
  • A wealthy, distracted Texas driver crashed his million-dollar Bugatti Veyron sports car into a salt marsh, say police.
ADD COMMENTS
Remaining characters


Current DateTime: 01:03:47 14 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 01:07:48 14 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 01:05:03 14 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 01:07:48 14 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters