Wednesday, August 29, 2007

A fool and his (or in this case her) money are soon parted...


Helmsley's dog gets $12 million in will - Yahoo! News

Isn't this sad? Leona Helmsley was a billionaire because she married one who died. She spent time in prison for avoiding taxes she could easily afford, saying at one point, "Only little people pay taxes." She lived lavishly but without many friends. When her son died, she cut off contact with his widow. She cut two grandchildren out of her will, left billions in the control of a charitable trust that will fund whatever its directors decide, and gave her dog $12 million. Two grandkids who are supposed to get $5 million each only receive money if they visit their dead father's grave once a year. Oh, and she left $3 million to be used to steam clean her grave annually. This woman's values were seriously flawed. Of course, they are clarified now, but it's too late on every front.

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