A Accounting fees (administrative expense), 161 Adams, Joe, 24 25 Administrator-court appointment, 42 Adviser, hiring (direction), 195 196 Affidavit regarding removal of staples, 260e American Cancer Society bequest, 245 Crawford donation, 188 American Heart Association, Crawford donation, 188 American Institute for Cancer Research, bequest, 245 Ammon, Generosa (co-executor), 15 Ammon, Ted, 146 death/divorce, 15 will preparation (Skadden, Arps, Slate, Meager & Flom), 15 will update, absence, 15 16 will usage, 1 Ancillary probate, 89 Ante-nuptial agreement, 148 Apartment, ownership, 89 Arthur, Virgie, 207 Artwork, copyright interest (separation), 167 168 Artworks, disposition, 69 72 Assets, titling omission, 158 review, failure, 158 Assets (valuing), stepped-up basis (usage), 165 Assistant, beneficiary inclusion, 185 186 Astaire, Fred, 205 funeral/memorial instructions, 218 Last Will and Testament, excerpt, 221e Attorney contact, omission, 182 183 hiring, direction, 195 196 Last Wil and Testament, usage, 17 18 legal fees, arguments, 200 oversight/negligence, 151 B Ball, Gordon, 195 Bankruptcy, impact, 163 Bank safe deposit box, usage, 262 Beneficiary dispute, settlement attempt, 182 183 witness, responsibility, 258 Bequeathed artwork, copyright interest (separation), 167 168 Bequest, politically incorrect/racist connections, 243 Biological children, step-children (legal rights, equivalence), 132 133 Biological parent, guardian (naming), 128 129 omission, 124 127 Birkhead, Larry, 124, 127, 207 Board of directors assumptions, 90 91 compensation, administrative expense, 161 Bodily remains/ashes, burial/scattering (illegality), 223 224 Bono, Sonny (intestate court papers), 4, 5e 7e Bouvier, Michel, 155 Brady, Edward, 185 Brazzi, Luca, 201 British throne (heirs), charitable gifts (absence), 230 231 COPYRIGHTED MATERIAL 269
Brown, Joseph Michael, 35 Burials, 205 206 arrangements, personnel appointment, 207 208 bodily remains/ashes, burial/scattering (illegality), 223 224 expense/cost, 212 213 instructions, detail (providing), 214 216 Business will, 163 Buy-sell agreement absence, 163 164 adoption, considerations, 164 example, 163 Bypass trust (by-pass trust), 76 77 creation, 156 157 C Cancer Research Institute, bequest, 245 Capital gain, absence, 92 93 Cash bequest, beneficiary (example), 78 79 Cassavetes, John (handwritten will), 19 complete example, 20e witness, 23 Castelli, Leo, 69 Cemetery plot, deed (loss), 222 Charitable gifts, absence, 230 231 Charitable lead annuity trust (CLAT), usage, 154 155 Charitable plans, problems, 155 Charity, artwork (bequeathing), 167 168 Charles, Prince (divorce), 230 Charles, Ray business manager/executor (Adams), 24 25 witness (Funsten), 25 Charles, Ray (will execution), 1 Chattel, 64 Children battles, 254 255 care, providing (failure), 84 86 disinheriting, 138 140 anger/vindictiveness, 187 190 executor status inclusion, 114 115 omission, 113 home, allowance, 84 85 interests, 127 involvement. See Step-children legal rights, equivalence, 132 133 residence, executor/trustee empowerment (impact), 85 86 sole surviving beneficiaries, impact, 84 surviving spouse charge, 142 143 C&J Foundation, 154 155 trustees, income payment, 155 Clark, Tom H., 180 CLAT. See Charitable lead annuity trust Climaco, John R., 47 Clines, Adele Vallery, 56 Clinton, Hillary, 110 Closely held business, buy-sell agreement (absence), 163 164 Codey, John, 107 Codicils advantages, 175 176 preparation, 180 181 reasons, 180 problems, 175 usage, 175 176 Congreve, William, 135 Consultant fees, expense exclusion, 162 Co-operative apartment building board of directors, assumptions, 90 91 liability, 90 91 stepped-up date benefit, absence, 165 166 Copyright interest, bequeathed work of art (separation), 167 168 Copyright issues, 153 Corporate fiduciary naming, 119 121 removal, 119 Courson, Columbus B., 240 Courson, Pamela S., 240 Crawford, Joan, 187 charities, donations, 188 Last Will and Testament, excerpt, 188e Credit shelter trust, 76 77 Cremation, 205 206 Cross-purchase agreement, usage, 164 Custodial fees, expense exclusion, 162 270
D Davis, Altovise, 47 Davis, Jr., Sammy, 46 guns, bequests, 47 items, sentimentality, 47 jewelry, bequests, 46 47 Death intestate, 42 45 value, sale price/date, 92 93 Decedent accountant, contact, 159 co-operative apartment, liability, 90 91 estate, executor responsibility, 78 instructions, respect, 216 insurance carrier, contact, 82 will change, impact, 203 204 contest, 203 204 Deed, legal document, 222 Deed of Gift arrangement, 50 components, 49 50 written instrument, 49 Dellow, Brian, 47 Descendants, term (defining), 133 Diana, Princess of Wales, 230 231 DiMaggio, Joe, 235 bequeathing, 54 DiMaggio, Paula Sue, 54 Disgruntled friends/family, problems, 169 Disinheritance, mentioning (failure), 191 194 Distribution requirement, payment failure. See Five percent annual minimum distribution requirement Divorce agreement, accounting, 136 137 proceedings, will (updating), 146 147 will revocation, assumption, 144 149 Divorced couples, involvement, 127 Documentation, execution (problems), 32 34 Do-it-yourself lease, impact, 87 88 Do-it-yourself wills, 19 23 Donor intent, 49 requisite mental capacity, 49 Doris Duke Foundation for Islamic Art, 119 120 Doris Duke Foundation for Southeast Asian Art and Culture, 119 Doris Duke Foundation for the Preservation of Endangered Wildlife, 119 Doris Duke Foundation for the Preservation of New Jersey Farmland and Farm Animals, 119 Duke, Doris, 114 butler, executor, 120 executor, selection (mistake), 120 121 Falcon s Lair (estate), 119 father s death, 119 Heffner, distance, 114 115 Rough Point (estate), 119 Shangri La (estate), 119 Duke Foundation Boards, Lafferty coexecutor seat (surrender), 120 DuMar (Dummar) will version, 38e 40e Dummar, Melvin, 35 Dying intestate, 43 45 E Eastwood, Clint, 47 Election, right, 141 Employment, termination, 163 Engagement ring, bequeath (problem), 68 Estate division, example, 137 inheritance, legal right, 191 leaving, outright/trust (contrast), 235 240 liquidity, 163 marital deduction, qualification, 156 term, defining, 136 Estate planning absence, 3 copyright issues, 153 documents, importance, 64 do-it-yourselfers, 194 executor selection, 96 97 271
Estate planning (Continued ) literary property, 118 mistake, 1, 35 41 postmortem tool, qualified disclaimer, 197 198 tax issues, 153 Estate taxes laws, Congressional change, 156 laws, provisions, 156 nonnecessity, 77 Evans, Barbara, 185 Excess distributions, carrying forward, 162 Executive compensation (administrative expense), 162 Executors action, avoidance, 112 approval, 84 86 attorney/adviser, hiring (direction), 195 196 commission, sharing, 101 compensation, absence, 107 109 dispute, settlement attempt, 182 183 even numbers, selection, 102 mistakes, 95 odd numbers, selection, 102 replacement, will (return problems), 203 204 role, 95 selection, 96 97. See also Multiple executors absence, 110 111 conflict of interest, 103 106 status inclusion, 114 115 omission, 113 under-compensation, 107 109 F Family estate problems, 169 expense/aggravation, 222 fortune, 264 home, providing (failure), 84 86 Federal annual exclusion amount, 159 Federal estate tax returns, preparation/ filing, 159 Feinstein, Diane, 110 Fields, William C. (Bill Fields), 56 Last Will and Testament, excerpt, 244e politically incorrect/racist connections, 243 tangible personal property disposition, 56 list, 57e 58e Fink, Max, 240 Fishman, Amy Fonda, 189 Fitzgerald, F. Scott (Last Will and Testament) excerpt, 248e problems, 247 Fitzgerald, Frances Scott (daughter), 247 Fitzgerald, Zelda (Non Compos Mentis), 247 Five percent annual minimum distribution requirement, payment failure, 161 162 Fonda, Henry, 187 disinheritance, 189 190 Fonda, Peter Henry, 189 Fonda, Shirlee Adams, 189 Forbes, Malcolm cremation instructions, 223 motorcycle clubs, bequest, 245 246 Foreign country, land/house/apartment (ownership), 89 Forger, Alexander D., 51 Foundation for Visual Arts, The (Warhol donation), 60 Foye, Raymond, 195 Frankel, Sandor, 107 Franklin, Benjamin, 208 Frey, James, 201 Fried, Ceil, 157 Helmsley bequest, 185 Friends, estate problems, 169 Fulton County Court of Ordinary, jurisdiction, 4 Funerals, 205 206 arrangements, personnel appointment, 207 208 272
Funerals, 205 206 (Continued ) expense/cost, 212 213 instructions detail, providing, 214 216 knowledge, 219 officiator, specification, 214 prepayment, 217 reason, 218 service, absence (directions), 218 221 Funsten, Peter L., 25 G Gandhi, Indira, 110 Getty, Jean Paul burial instructions, 223 codicils/amendments, usage, 176 Last Will and Testament, twenty-first codicil, 177e 179e Gift completion, documentation (problem), 49 50 delivery completion, 49 documentation, problem, 49 50 donee acceptance, 49 donee action, 92 rejection, 197 198 tax returns filing ascertainment, failure, 159 160 Form 709, 159 Gift, deed arrangement, 50 components, 49 50 written instrument, 49 Ginsberg, Allen, 195 intentions, 195 196 Girlfriend, will (leaving), 240 242 Gleason, Jackie, 28 burial/grave site instructions, 212 Last Will and Testament first codicil, 29e 31e page one, 213e legal name (Herbert John Gleason), 28 Grandchildren, disinheriting, 138 140 anger/vindictiveness, 187 190 Grant, Cary, 205 funeral/memorial instructions, 218 Last Will and Testament, excerpt, 220e Gross estate, 154 Guardians involvement, 123 periodic review, failure, 130 131 selection, difficulty, 130 H Handwritten changes, impact, 256 257 Handwritten wills, 19 23 Hara Krishna, impact, 114 115 Harmon, Jane, 110 111 Harry, Prince, 230 Hartman, Brynn, 249 Hartman, Phil (murder), 249 Hayden, Jane Fonda, 189 Heffner, Charlene Gail, 114 Heifitz, Jascha, 191, 194 ashes, scattering (instructions), 224 cremation, 206 instructions, 224 Last Will and Testament, excerpt, 192e 193e Heirs, disinheriting (naming failure), 191 194 Hellman, Lillian, 118 testatrix, issue, 118 Helmsley, Harry bequest, 185 disinheritance, 189 estate, value, 157 Last Will and Testament, excerpt, 186e resting place, 226 Helmsley, Leona, 45, 65, 187 bequests, 157 dog, burial, 206 estate/trust, words (capitalization), 108 Last Will and Testament excerpt, 67e preparation, 107 108 273
Helmsley, Leona, (Continued ) statement, 107 Surrogate Court petition, 66 pet burial instructions, 225 pet trust fund, 66 resting place, 226 He Who Has Not Cannot Give (Nemo Dat Quo Non Habet), 46 48 Hogan, Vickie Lynn, 124 Holographic will, 19 Home, providing (failure). See Family House, ownership, 89 Howard University, Davis Jr. donation, 47 Howar Hughes Medical Institute (HHMI), 35 will, version, 36e 37e Hudson, Rock codicil, signing, 180 first codicil, copy, 180e Hughes, Fred, 60 death, 96 Hughes, Howard beneficiaries, 1 child survivors, absence, 35 HHMI version, 36e 37e Melvin DuMar (Dummar) version, 38e 40e Melvin Dummar/Mormon Church version, 35 Richard Robard version, 37e Hughes, Richard Robard, 35 Human remains/animal remains, commingling (prohibition), 225 Hutchinson, Max probate, Sullivan Country Surrogate Court, 33 will, contesting, 32 33 I Insurance policies, medical examination, 252 Inter-lineation, problems, 256 Internal Revenue Code copyright/tax code, 167 Section 2518(b), 197 198 Internal Revenue Service (IRS), Form 709, 159 In terrorem clause absence, 170 usage. See One-dollar no contest/in terrorem clauses Inter vivos trust, establishment, 150 Intestate death, 3 Investment conferences, attendance (expense exclusion), 162 Investment fees, expense exclusion, 162 Irrevocable trust, conduit, 92 93 J Johnson, Samuel, 227 Joint tenants, survivorship right, 76 Joint tenants with a right of survivorship (jtwros), 76 J.P. Morgan Chase & Company (Ammon coexecutor), 15 K Kaselle, Marion, 33 Kennedy, Caroline, 52 Kennedy, Edward (co-executor), 14 Kennedy, John F., 52 53 co-executor, 14 descendants, impact, 154 155 Kennedy, Robert F. assassination, 15 out-of-date will, 14 will, usage, 1 Kennedy, Rory Elizabeth Katharine, 15 King, Martin Luther (Fulton County Court of Ordinary jurisdiction), 4 Kissinger, Henry (executor), 98 Kris, Marianne, 235 L Lafferty, Bernard, 120 Land, ownership, 89 Langella, Frank, 232 274
Last Will and Testament absence, 3, 42 45 amendment, avoidance, 175 attorney supervision, necessity, 33 usage, 17 18 bank safe deposit box, usage, 262 beneficiary, attorney (contact), 182 183 change, 144 impulse, 180 181 details mentioning, problems, 56 59 providing, absence, 60 63 do-it-yourself creation, 19 23 executor, beneficiary status, 182 funeral/burial instructions, detail, 214 216 handwritten changes, impact, 256 257 lawsuit, mentioning, 232 234 literary executor, naming, 116 118 location, difficulty, 17 loss, 17 18 making, alternatives, 13 no contest clause, absence, 170 prenuptial agreement, mentioning (absence), 149 return, problems, 203 204 review, 146 revocation, 144 secretary/assistant, beneficiary inclusion, 185 186 signing expense, 33 inability, 24 30 staples, removal, 259 261 state legal requirements, 32 terms, surprise, 112 in terrorem clause, absence, 170 testator perspective, 46 updating, 146 147 videotaping, 263 writing, 263 Lawford, Patricia Kennedy, 14 Lawsuit, mentioning, 232 234 Lawyers, criminal connections, 201 Leases, termination, 87 88 Lee, Spike, 4 Legal dispute, settlement, 254 255 Legal fees administrative expense, 161 arguments, 200 Legal relationship, absence, 137 Legal rights, accounting, 141 Legal services, 251 Lennon, John, 128 Last Will of Testament, excerpt, 129e Lennon, Sean (guardianship), 128 Levine, Morton, 103 Lichtenstein, Dorothy, 69 Lichtenstein, Roy, 69 financial success, 72 will, excerpt, 70e 71e Life insurance application, material misrepresentation, 252 253 contestability period, 253 ownership, problems, 264 265 Life insurance policy, ownership, 202 Liman, Arthur L. (executor), 98 Limited liability corporation (LLC), buy-sell agreement (absence), 163 164 Literary executor concept, 117 naming, 116 118 Litigation, avoidance, 170 Living trust, establishment, 151 LLC. See Limited liability corporation Loans, 78 79 Lowe, Ira M., 195 Lowey, Nita, 110 M Marital deduction, qualification, 156 Marley, Bob (Supreme Court of Judicature of Jamaica jurisdiction), 4, 11e 12e Marshall, Vickie Lynn, 124, 138 spouse/heirs, providing (omission), 138 Material misrepresentation, 252 253 Matter of Rothko, 103 Mausoleums, 226 275
Medical Information Bureau (MIB), 252 Meir, Golda, 110 Mellon, Rachel (Bunny) L., 51 Memorial service, absence (directions), 218 221 Michael, Magda, 56 Midonick, Millard (surrogate), 103 Miles, Barry, 195 Miller, Arthur, 235 Minnelli, Vincente, 142 Minors (minor children) biological parent, guardian (naming), 128 129 involvement, 123 Monroe, Marilyn, 54 death, 235 estate, leaving (problems), 235, 240 Last Will and Testament, 236e 237e Morgan, Bill, 195 Morgan, John Pierpont Last Will and Testament, excerpt, 227e religious expression, 227 Mormon Church, 35 Morrison, James D. death, 240 financial legacy, contemplation, 242 Last Will and Testament, 241e Mortgages, 78 79 Mother-in-law, life insurance policy (ownership), 202 Motion Picture Country Home and Hospital, Crawford donation, 188 Multiple executors, selection, 98 101 Muscular Dystrophy Association of America, Crawford donation, 188 N Negotiations, 199 Nemo Dat Quo Non Habet (He Who Has Not Cannot Give), 46 48 New will, usage (avoidance), 175 176 New York appointment of agent to control disposition of remains, 209e 211e Estates, Powers and Trusts Law Section 302.1 (a)(1)(c), specificity, 28 will, execution instructions, 34e Nixon, Richard M. Last Will and Testament, excerpt, 233e 234e lawsuit, mentioning, 232 No contest clause absence, 170 usage. See One-dollar no contest/in terrorem clauses Non Compos Mentis, 247 O Obama, Barack, 156 Objectant, representation, 199 Onassis, Jacqueline Kennedy, 51 children, executors (omission), 113 CLAT, contemplation, 154 155 tangible personal property, IRS attention, 52 53 will, legal mechanism, 52 One-dollar no contest/in terrorem clauses, usage, 171 172 Ongoing investment management, expense exclusion, 162 Ono, Yoko, 128 Organization, identification problem/ bequest receipt, 245 246 Out-of-date wills, absence, 14 16 Ownership, passage, 76 P Paley, William S. (last will and testament), 98 consolidation, 99e 100e executors, commission (sharing), 101 Panzirer, David/Walter, 107 Panzirer, Jay, 189 Parents battles, 254 255 guardian, naming. See Biological parent Partnership, buy-sell agreement (absence), 163 164 276
Payout requirement, meeting (failure), 161 Pelosi, Danny, 16, 146 Pelosi, Nancy, 110 Personal property, taxes (impact), 154 155 Personal representative, role, 95 Per stirpes, term (usage), 132 Pets burial instructions, 225 226 care money, providing, 66 67 providing, 64 65 Porter, Cole, 214 Last Will and Testament, excerpt, 216e Postmortem estate planning tool, qualified disclaimer, 197 Pour over will, 150 Prenuptial agreements, 135, 163 legal dispute, 149 mentioning, absence, 149 preparation, 148 validity, respect (absence), 148 Presumption of regularity, 32 Prince Charles, divorce, 230 Prince William/Harry, bequeathing, 230 Prior marriages, 135 Private charitable foundations, five percent annual minimum distribution requirement (payment failure), 161 162 Private foundations administration, problems, 161 administrative expenses, reasonableness, 162 distributions, IRS requirements, 161 Privity, absence, 137 Probate. See Ancillary probate avoidance, 150 151 etymology, 13 Pro bono, 251 Professional fees (administrative expense), 162 Property, owner death (impact), 87 88 Property and casualty insurance, maintenance (failure), 82 83 Puzo, Mario, 201 Q Qualified disclaimer, exploitation, 197 198 Qualified Personal Residence Trust (QPRT), 92 93 Queens Country Surrogate Court, legal heirs, 43 R Radiziwill, Lee B., 155 Rat Pack, 46 Real estate damage/theft/casualty loss, impact, 82 home problems, 80 81 insurance coverage, payment, 83 mistakes, 75 passage, loans/mortgages, 78 79 title, holding (confirmation problem), 76 77 titling, failure, 165 166 trust placement, 92 93 Reeve, Christopher paralysis, 24 will excerpt, 24e will execution, 1 witnesses, affidavit, 25e Reeve, Dana Morosini, 24 affidavit, 26e Regularity, presumption. See Presumption of regularity Reis, Bernard J., 103 Religiousness, excess, 227 228 Rell, Jodi, 111 Remains (disposition), agent control (New York appointment), 209e 211e Residuary estate elimination, 154 155 executor, beneficiary status, 182 Revocable living trust funding, failure, 150 151 tangible personal property, providing, 73 74 Revocable trust, establishment, 150 Rhodes, Shirley, 47 277
Ricard, Fortunatus, 47 Richard Nixon v. United States of America, 232 Right of election, 141 assertion, 141 Robard, Richard (Hughes will version), 37e Rosenthal, Bob, 195 Rosethal, Alvin, 107 Rothko, Kate/Christopher (administrators), 103 Rothko, Mark, 103 Last Will and Testament, 104e 106e Matter of Rothko, 103 Rowlands, Gena (executor), 21 S Schlossberg, Caroline Kennedy, 154 155 Schwartz, William, 46 Secretary, beneficiary inclusion, 185 186 Separation agreement, accounting, 136 137 Settlement offer, negotiations, 199 Shakur, Tupac (intestate court papers), 4, 8e 10e Shriver, Eunice Kennedy, 14 Siblings, battles, 254 255 Significant others, involvement, 135 Silvergate, Harvey, 195 Silvers, Phil (handwritten will), 19 excerpt, 20e transcription excerpt, 21e Skadden, Arps, Slate, Meager & Flom (will preparation), 15 Smith, Anna Nicole, 124, 138 burial/cremation decision, problems, 207 208 Last Will and Testament excerpt, 125e 126e, 139e problem, 140 legal disputes, 207 Smith, Daniel Wayne (minor), 124 Smith, Dannielynn, 138, 140, 207 Smith, Jean Kennedy, 14 Smith, Kate, 214 Last Will and Testament, excerpt, 215e Sontag, David (sole executor), 116 Sontag, Susan Last Will and Testament, 116 excerpt, 117e sole executor, 116 tangible personal property, disposal, 118 Spouse assets, titling (omission), 158 death, likelihood, 165 166 executor, omission, 110 111 legal/statutory rights, 141 matrimonial attorney, negotiation, 146 147 murder, 249 250 right of election, 141 sanity, problems, 247 248 will, terms (surprise), 112 Staff, compensation (administrative expense), 161 Stamos, Theodoros, 103 Staples, removal (affidavit), 260e State estate tax returns, preparation/ filing, 159 Statutory rights, accounting, 141 Steele, Joan Crawford, 187 Step-children biological children, legal rights (equivalence), 132 133 involvement, 123 Stepped-up basis, allowance, 165 Stern, Howard K., 127, 140, 207 Strasberg, Lee, 235 Supreme Court of Judicature of Jamaica, jurisdiction, 4 Surviving spouse, child charge, 142 143 Survivorship. See Joint tenants with a right of survivorship clause, avoidance, 184 requirement, days (counting), 184 278
Swanson, Gloria cremation instructions, 218 Last Will and Testament, excerpt, 219e T Tangible personal property bequeathing, 54 55 detail/specific types, providing (problems), 55 gifts, 51 mistakes, 45 multi-person giving, 68 providing, 73 74 sale, 51 53 sale proceeds, 154 Tangible property, transfer, 73 Taxable estate, value (determination), 154 Tax exemption amount, exploitation, 156 157 Tax issues, 153 Tempelsman, Maurice, 51 Tenants agreement, 88 presence, 85 86 Testament. See Last Will and Testament Testator, names (recitation), 194 Thatcher, Margaret, 110 Titling. See Assets failure. See Real estate Training/professional development expenses (administrative expense), 161 Travel expenses (administrative expense), 161 Trust, owner/beneficiary status, 265 Trustees approval, 84 86 fiduciary responsibility, 118 mistakes, 95 Trusteeship, limited letters (issuance), 118 U United Service Organizations of New York City, Crawford donation, 188 V Vacant real estate, property and casualty insurance (maintenance failure), 82 83 Videotaped will, preparation, 263 W Wagner, Robert, 131 Wales (Princess of), Diana, 230 231 Walken, Christopher, 131 Warhol, Andy, 60, 69 estate, components, 96 will, excerpt, 61e 63e West, Mae Last Will and Testament, excerpt, 173e no contest clause, problems, 171 Wife, sanity (problems), 247 248 Wilberforce College, Davis Jr. donation, 47 Will. See Last Will and Testament absence. See Out-of-date wills William, Prince, 230 Wills of the Rich & Famous (Nass), 4 Wiltwyck School for Boys, Crawford donation, 188 Witness, actions, 258 Wood, Natalie, 131 Work of art, copyright interest (separation), 167 168 Written will, preparation, 263 Wylie, Andrew (literary agent), 116, 195 Y Youngman, Henny, 191 279