It's a dog-gone sad day - Leona Helmsley's Dog Loses $10 Million of Trust Fund

Monday, June 16, 2008, Source:   AP

Leona Helmsley's beloved pooch, Trouble, will have to live the high life on a lot less.

The Maltese, 9, lost $10 million of her $12 million trust fund to charity after a judge signed off on a deal that gives the late billionaire's disinherited grandchildren a piece of the Helmsley fortune, the New York Post reports.

The deal, approved by the New York State Attorney General's Office and Surrogate's Court Judge Renee Roth, reduces Trouble's trust fund to $2 million, placing the rest of the money into Helmsley's multibillion-dollar charitable foundation, the paper said.

Disinherited grandchildren Craig Panzirer, 40, and Meegan Panzirer Wesolko, 37, will now receive $4 million and $2 million respectively, the Post said.

Trouble is living in Florida with Carl Lekic, the general manager of the Helmsley Sandcastle Hotel, the paper said.

The dog's annual expenses are around $190,000, he said.

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I think the Dog needed a better advocate!   How will the DOG live on a mere $2,000,000. The pittance!  $190,000 a year in annual expenses, the shame of it all.

 

I think this is another example of another attorney that wrote a trust document and will that was worthless.  And an example of another wealthy individual that was out of her mind, with to much time on her hands to think of ways to make people argue about her after she died.  But maybe that is the point, she didn't get along with her grandkids in life.  After she died, who would talk about her if she didn't make it a special?

 

I am glad to see that most of the money went to charity and it seems like everyone resolved it. 

 

It is likely that the attorney that wrote the crazy documents, made money on both ends (during the drafting and the contention phase).

 

Which might be the point.......

 

To Victory in 2008,

JD

 

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