Warren
Burger (1907-1995)
The former Chief Justice of the Supreme
Court left behind a self-written,
176-word will. He gave his entire
estate to his two children. But he
failed to give any power to his executors
and made no provisions for estate
taxes. These apparent oversights will
cost the estate thousands of dollars.
Diana,
Princess of Wales (1961-1997)
When Princess Diana died tragically
on August 31, 1997 she left behind
a 21.5 million pound (approximately
$35 million) fortune, most of which
was bequeathed to her sons, Prince
William and Prince Harry. The inheritance
will be held in trust for the two
princes until they reach the age of
30. In her will made public on March
2, 1998, Diana also left 50,000 pounds
to her former butler, Paul Burrell,
and set aside personal momenta for
her 17 godchildren.
Joe
DiMaggio (1914-1999)
According to his will, "The Yankee
Clipper" set up trusts for Joseph
Jr., his grandchildren Katherine and
Paula, and his great-grandchildren,
Kendall and Mitchell Stein, and Valerie
and Vanessa Hamra. The Steins will
receive $250,000 each while the Hamras
will receive $500,000 each. The remainder
of DiMaggio's estate will be divided
among his son and his two grandchildren.
Doris
Duke (1913-1993)
The tobacco heiress had a $1.2 billion
estate that was the subject of much
litigation. A New York judge ordered
the removal of two co-executors of
Duke's $1.2 billion estate. The court
found that Duke's butler Bernard Lafferty
was squandering her estate to support
his "profligate life style" and that
United States Trust Company failed
to slow down Lafferty's spending.
Jerry
Garcia (1942-1995) The leader
of the Grateful Dead was a counterculture
icon. In his will, he remembers friends
and family, giving out personal mementos,
including his guitars.
Harry
Helmsley
The New York billionaire
real estate magnate Harry B. Helmsley,
whose holdings included the Empire
State Building and some of New York
City's most posh hotels, died Jan.
4, 1997, leaving an estate estimated
at $1.7 billion. Except for a bequest
to his secretary, Helmsley left his
estate to his wife, Leona Helmsley,
who is also named as executor of the
will.
"Shoeless"
Joe Jackson (1889-1951)
The legendary baseball player was
permanently banned from the game for
his part in the "Black Sox Scandal"
of the 1919 World Series. His will
was the subject of litigation in 1995
when two charities who were beneficiaries
of his wife's estate sued to gain
possession of the original because
of its value to sports memorabilia
collectors.
John
F. Kennedy, Jr. (1960-1999)
John F. Kennedy, Jr. planned to leave
the bulk of his holdings to his wife,
Caroline Bessette-Kennedy, or their
children. But John and Caroline died
together in a plane crash last July
without leaving any issue. Therefore,
his property will go to the children
of his sister, Caroline Kennedy Schlossberg.
The bulk of his estate is left to
the beneficiaries of a trust he established
in 1983. Kennedy also left the scrimshaw,
or carved whale ivory, set once owned
by his father to nephew John B.K.
Schlossberg. Kennedy's cousin, Timothy
P. Shriver was named executor of the
will. Kennedy's estate is reportedly
worth $100 million.
John
Lennon (1940-1980)
The Beatles' singer, songwriter and
guitarist, who sang "imagine no possessions"
in the popular hit "Imagine," left
most of his property to an estate
controlled by his wife, Yoko Ono.
Linda
McCartney (1942-1998)
On her death in April 1998, Linda
McCartney, a crusader for animal rights
and vegetarianism, left her substantial
fortune to her husband Paul, the former
Beatle. Linda McCartney set up a trust
that makes her estate virtually exempt
from taxes.
Marilyn
Monroe (1926-1962)
The legendary sex symbol, who tragically
committed suicide in 1962, left most
of her fortune to her friends and
family.
Richard
Nixon (1913-1994)
The only president to resign from
office gave specific instructions
for the handling and disposal of personal
notes and records.
Jacqueline
Kennedy Onassis (1929-1994)
As first lady, Onassis planned the
restoration of the White House and
urged Congress to declare it a national
museum. The art and personal possessions
she collected have fetched large sums
in recent years at celebrity auctions.
David
Packard (1912-1996)
The co-founder of Hewlett-Packard
left the majority of his holdings,
estimated at $6.6 billion, to the
charitable foundation named for him
and his late wife. The transfer of
assets made the David and Lucille
Packard Foundation one of the wealthiest
charities in the world.
Elvis
Presley (1935-1977)
Known as "The King," Presley sold
more than 45 million records and starred
in 33 motion pictures. He left much
of his vast fortune to members of
his family.
Babe
Ruth (1895-1948)
"The Sultan of Swat" grew up in an institution
for underprivileged boys. Dominating
baseball as a home run hitter, Ruth
became a national celebrity. Famous
for his charitable deeds, he once
promised to hit a homer for a hospitalized
boy. A year before he died, he established
and endowed the Babe Ruth Foundation
for destitute children.
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