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Helmsley’s $8 Billion May Be Going To The Dogs
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FIRST PUBLISHED: July 2, 2008 12:43 PM EDT
LAST UPDATED: July 2, 2008 1:03 PM EDT
NEW YORK, New York --
Animal welfare groups must be panting: Leona Helmsley reportedly directed that her fortune — up to $8 billion — be used for the care and welfare of dogs.
The New York Times reported Wednesday that the bequest was included in a so-called mission statement for the estate of the real estate magnate, who died last August.
It’s not certain that all the money will go to the dogs, however. The mission statement wasn’t formally incorporated into Helmsley’s will or trust documents.
Two people who saw the statement told the Times the document also says the estate trustees may use their discretion in distributing the money.
They could, for instance, decide to spend the money for animal rescue groups, veterinary schools or research on canine diseases.
The hotel queen’s will named her own dog, Trouble, as a beneficiary. But the Maltese isn’t quite as well-heeled as she used to be. In April, a Manhattan judge reduced the trust fund for the 9-year-old pooch from $12 million to $2 million.
Copyright 2009 by Associated Press. All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
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