A judge has decided to “correct” Leona Helmsley’s disposition of assets.
From the New York Times:
Judge Renee R. Roth of Surrogate’s Court in Manhattan will also play a role. She has already demonstrated a willingness to be flexible, cutting the size of Trouble’s trust fund to $2 million, from the $12 million prescribed in Mrs. Helmsley’s will, and ordering that the difference be added to the pending charitable trust.
Judge Roth also agreed to a settlement between the trustees and two of Mrs. Helmsley’s grandchildren who were explicitly left out of her will. The agreement gave those grandchildren $6 million each.
It’s easy to let Helmsley’s interest in dogs distract us from what Judge Roth has done here. But consider this: If this judicial interference can happen to someone who can afford the best law firm in the USA to arrange her estate, what’s to stop some state official from messing with your property? I had to endure a semester of “Trusts and Estates” during law school and I’m sorry to report that what Judge Roth has done is fairly common. Wills can be “adjusted” according to the “flexibility” of the executor and the judge.