HELMSLEY--Leona. "[21] Leona denied saying this. Mrs. Helmsley was the leader of our organization for many years. charity right up until the last months of her life. B. I leave my residuary estate to THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST, to be disposed of for charitable purposes in accordance with the provisions of that Trust Agreement. Thankfully she was given the opportunity to pass on her good fortune before her demise. (Photo: Robert Mecea/Getty Images), Slide Show: Remembering the Queen of Mean, Morning Buzz: Many Strands in Investigation of Ground Zero Fire That Killed 2, Talking Trash: Stricter Penalties for Garbage in Public Bins. Helmsley died of heart failure at her summer home in Greenwich,. My Trustees shall make distributions at such time and in such manner as not to subject the trust to tax under Section 4942 of the Code. Of the $10million originally bequeathed to Trouble, $4million was awarded to the charitable trust, and $6million was awarded to Craig and Meegan Panzirer, who had been disinherited in the will. Maybe there was some atonement for all her pompous No additional contributions shall be made to the Trust after the initial contribution The initial contribution, however, shall consist of all property passing to the trust as a result of my death. system, and $500,000 worth of jade art objects. "The important part about this property is that it was just what she wanted," Cupak said. The District Attorney is bringing a criminal prosecution involving employee benefits that neither the IRS nor any other District Attorney would ever think of bringing. The moral of the story, of course, being that we all get out of here the same way dead and with the same amount of material wealth none. Upon his death in 1997, Leona Helmsley inherited roughly $5.5 billion. See here for a complete list of exchanges and delays. Despite the Helmsleys' net worth totalling over $1billion, they were known for disputing payments to contractors and vendors. Frank LaRuffa, a construction consultant who knew her for 35 years, said the so-called Queen of Mean was misunderstood. Her family and many friends and business associates are deeply saddened by her death and will miss her greatly.. The Trustees of the Leona M. and Harry B. Helmsley Charitable Trust responded with a clear exercise of discretion as follows: "In April 2009, the Trust announced the first grants since Leona Helmsley's death, totaling $36 million; the vast majority went to health and medical research for humans, and $1 million went to dog-related charities." Part of her company's portfolio at one time included the Empire State Building, The . . And the same goes for Donald Trump. Did Leona and Harry B. Helmsley Harry left her his entire fortune, estimated to be worth well in excess of $5 billion, upon his death in 1997. Frankels defense failed and Leona, at age 71, was ordered to surrender on income tax day, April 15, 1992. Only little people pay taxes. She denied making the statement. Thinking that rent control would be phased out eventually, Kos Media, LLC. In 2003, Charles Bell, the former general manager of Leona Helmsleys five-star Park Lane Hotel was awarded nearly $11.2 million in damages by a jury that found that she had fired him in 2001 because he is gay. She would later claim that she appeared in billboard ads for Chesterfield cigarettes, but her claim remains unsubstantiated. A. I appoint my brother ALVIN ROSETHAL, my grandson DAVID PANZIRER, my grandson WALTER PANZIRER, my attorney SANDOR FRAMKEL, and my friend JOHN CODEY (herein called the individual fiduciaries), or such of them who qualify as Executors of my Will and as Trustees of all of the trusts established under this Will. She had everything. Wolfing that down, she asked if her credit was good enough for a second bag. Helmsley's publicist, Howard Rubenstein, declined to comment about the details of Helmsley's funeral arrangements. [57][58][59], Helmsley was known for "tyrannizing her employees". Well, she was survived by grandchildren and great grandchildren, which would seem to imply that she had in fact had children. You would not be able to randomly fire and abuse people in order to make yourself happy. 31-8382085 Qualified in New York County Commission Expires 10/25/06, Rosemary M. Ryan [Address Omitted] M. Breeze McMennamin [Address Omitted] S. Perkins [Address Omitted], Ref: Last Will and Testament of Leona Helmsley, 2023 Living Trusts & Estate Planning - Living Trust Network Contact Us, 4. Regardless of what happens, I will always respect you and be your friend.". After the service, the coffin was wheeled outside the chapel, and as most of the mourners waited inside, it was soldered shut, a process that consumed about 45 minutes. She was notorious for the way she treated other people, and earned the nickname, Queen of Mean. In retrospect, she was one of the icons of the 1980s, when greed was good and the super The Daily News described his mausoleum there as "A Tomb With a View." It was. No one dealing with any Executor or Trustee shall be required to investigate such fiduciary's authority for entering into any transaction or to see to the application of the proceeds of any transaction. Mr. Helmsley, who died in 1997, got his start in the 1920s as a broker and rent collector in Manhattan neighborhoods like Hells Kitchen, scavenging properties at tax sales and buying foreclosed properties from In the last days of her life, at age 87 in August 2007, Leona was resting quietly in a private room in a Greenwich Hospital. (4) Any funds which a court determines are no longer needed to carry out the purposes of this trust for cemetery purposes shall be paid over to The Leona M. and Harry B. Helmsley Charitable Trust created by a Trust Agreement dated April 23, 1999, of which I am the Settlor and initially the sole Trustee, as such Trust Agreement may be amended and restated form time to time in accordance with its provisions (THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST) and I direct the trustees of THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST to add the same to the principal of THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST and dispose of the same for charitable purposes in accordance with the provisions thereof. Roberts was a chain smoker, consuming several packs a day. their hotel and real-estate empire to provide themselves with such extravagances as a $1 million marble dance floor above a swimming pool, a $45,000 silver clock, a $210,000 mahogany card table, a $130,000 stereo You can find the latest New York Today Their only son was Jay (19401982), who had four children with his wife, Mimi. In 2002, Helmsley was sued by Charles Bell, a former employee who alleged that he was discharged solely for being gay. He was Helmsley was an icon of the "greed is good" era, an owner of luxury hotels and condominiums who left behind a $5 billion estate (which famously included a $12 million trust fund for her dog, a . Very likely a major factor in the collapse of affordable housing and the explosion in condo conversions is the result of excessively But, at the end of the day, you have, well, the end of the day. Leona Helmsley also filed a successful claim against the estate for $100,000 plus interest of $46,092, contending that she had lent her son the money to buy a piece of the Helmsley Palace. She died at the age of 87 on Aug. 20, 2007, of heart failure. Leona Helmsley, who married hotel mogul Harry Helmsley in 1972, was the epitome of the greed is good 80s, living high while abusing the staff. (2) If my grandson WALTER PANZIRER survives me, I leave the sum of Five Million Dollars ($5,000,000) to the trust established for his benefit under paragraph A of Article FOUR. Whenever the masculine or feminine or neutral gender is used in this Will, it shall be deemed, when appropriate to the context, to include any other gender as well. Theyve gone through every single tax record that my father has had since 2005, and this is what they have: They have a company car, they have employment perks. [33] Helmsley was forced to give up control of her hotel empire, since most of her hotels had bars and New York does not allow convicted felons to hold alcohol licenses. [44] The courts have ruled that the trust is not legally bound to wishes separate from the trust documents. These two could NEVER be compared. We will continue to publish one item each weekday A housekeeper sued Helmsely claiming Trouble had ferociously attacked her causing severe injuries. Upon the death of ALVIN, my Trustees shall distribute all of the then principal and income of the trust (other than any amount due ALVIN or his estate under the provisions above to THE LEONA M. AND HARRY B. HELMSLEY CHARITABLE TRUST, to be disposed of for charitable purposes in accordance with the provisions of that Trust Agreement. Said Testatrix was, at the time of so executing said Will, over the age of 18 years and, in the respective opinions of the undersigned, of sound mind, memory and understanding and not under any restraint or in any respect incompetent to make a will. Leona was a good This story has been shared 400,177 times. On a cold, gusty afternoon before about 80 of his closest friends and relatives -- those who perhaps best understood his driving pace and patterns -- the real estate dealmaker who collected buildings the way others gather stamps or coins was eulogized at a brief funeral at Woodlawn Cemetery in the Bronx. [62] When the final bill came to $13,000, she refused to pay, citing shoddy workmanship. Mrs. Helmsley was born Leona Mindy Rosenthal in Ulster County, N.Y., on July 4, 1920, and raised in Brooklyn. The wooded hillside with river views is the final resting home of industrialists such as Andrew Carnegie and Walter Chrysler as well as labor leader Samuel Gompers and writer Washington Irving, author of The Legend of Sleepy Hollow.. To commingle in one of more funds and to hold and administer _in solido_ the income from and principal of any two or more trusts held hereunder; 7. to go to prison., Mrs. Helmsley had become for many a symbol of unbridled arrogance and a philosophy of entitlement. Jealous men who hate smart women did her in and saw to it that she served time. The distribution amount shall be paid in quarterly installments out of income and, to the extent income is not sufficient, out of principal. [53] Her other two grandchildren, Craig and Meegan Panzirer, received nothing.[15]. Helmsley, 87, who died Monday at her summer house in Greenwich, Conn., will be buried today next to her. The amount to be distributed shall be prorated on a daily basis for a short taxable year and for the taxable year ending with the Recipient's death. A small troop of journalists and photographers spent hours outside the fence, dispersing only as Mrs. Helmsley climbed into a long black Mercedes limousine and returned to her Connecticut home. But Frankel was furious that this vicious, nondiscriminatory people-biter got so much money. With this thought in mind, I expressly exempt my Executors from the adverse operation of any rule of law which might otherwise apply to them in the performance of their fiduciary duties by reason of conflict of interest. She contributed $25 million to NewYork-Presbyterian Hospital, $5 million to Hurricane Katrina relief efforts and $5 million to help Her attitude fit right in with the mood of the Reagan administration: Its O.K. ''Harry was a giant. She deserves whatever she gets.. Though no longer on City Room, New York Today continues to appear every weekday morning, offering a roundup of news and events for the city. He threw Leona Helmsley an anvil as Helmsley was going under on the tax charges. Wow, cut the woman some slack. Alan M. Dershowitz, the Harvard Law School professor, represented Mrs. Helmsley in an unsuccessful appeal of the federal sentence but got her state conviction reversed, said today in an interview: I would say Find professional Leona Helmsleys Funeral Service videos and stock footage available for license in film, television, advertising and corporate uses. Troubles mouth was open and the caption read: Lets get down to business.. The marriage may well have saved her career,[17] as several of her tenants had sued her the year before for forcing them to buy condominiums. It was Codey who gifted her the infamous Trouble, a Maltese who was fond of biting people indiscriminately and eating from the menu. Any income of the trust which is not required to be distributed shall be added to principal at the end of each taxable year and at the termination of the trust. When Helmsley's tax fraud trial began, Trump again piled on, saying, "I can feel sorry for my worst enemy, but I cannot feel sorry for Leona Helmsley. So lets flashback to 1989 when the Queen of Mean was about to go on trial for the tax evasion charges. he and other investors bought Tudor City on the East River at 41st Street and the Parkchester complex in the Bronx. [37][38], Leona Helmsley died of congestive heart failure at the age of 87, on August 20, 2007, at Dunnellen Hall, her summer home in Greenwich, Connecticut. was fired by Mrs. Helmsley while she was in prison. Leona had wanted to give the dog to her brother Alvin, but he didnt want it. For the friends and family who did attend, the service was fitting and an opportunity to speak about Helmsley's little- known sweet side. [42] In addition to providing directly for her own dog in her will,[43] she left separate instructions that the trust, now valued at $5 billion, be used to benefit dogs. No fiduciary shall be liable or responsible in any way or manner for any action or inaction unless such fiduciary shall have acted in bad faith or shall have failed to exercise reasonable care, diligence and prudence. She was extremely generous as a philanthropist and she gave tens of millions of dollars to Bundled up against the brittle winds, the mourners lined up behind Mrs. Helmsley and filed in to pay their final respects. But the cemetery is not just for the rich. [56][57] Helmsley became known by this nickname in the mainstream press. Nice to know she contributed millions to charities in her remaining years on earth. Leona Helmsley was sent to jail in 1992 and was released in 1994. If my brother, ALVIN ROSENTHAL (ALVIN), survives me, in each taxable year of the trust, ALVIN shall receive, during his life, an amount equal to five percent (5%) of the net fair market value of the assets of the trust valued as of the first day of each taxable year of the trust (the valuation date). Her unsuccessful appeal was handled by AlanDershowitz. Letters poured into Frankel offering the dog a warm and loving home. The property included a small parcel owned by the Helmsleys who refused to transfer the lease to Trump. The headings in this Will have been inserted solely for convenient reference, and shall be ignored in its construction. At trial a former housekeeper recounted that Helmsley had once told her: "We don't pay. But it was not until she He added that it isnt a criminal matter and said New York State is worse than a banana republic for trying to take down a political opponent. After Mr. Helmsleys death, she became chief executive of Helmsley Enterprises and managed the familys real estate and hotel portfolio. The Will was executed as a single, original instrument and was not executed in counterparts. A judge decided that Harry Helmsley, then 80, was unable to stand trial because of poor health and a declining memory. Her choice was branded 3rd in Fortune magazine's "101 Dumbest Moments in Business" of 2007. I also direct that anything bearing the Helmsley name must be maintained in mint condition and in the manner that it has been accustomed to, maintaining the outstanding Helmsley reputation. Former employees testified at trial "about how they feared her, with one recalling how she casually fired him while she was being fitted for a dress". After graduating from Abraham Lincoln High School, she began calling herself Leona Roberts and had changed This is not justice; this is politics. (i) In selecting such corporate fiduciary, and fixing the terms of compensation, the individual fiduciaries shall first approach CITIBANK, N.A., New York, New York; and if an agreement satisfactory to the individual fiduciaries is not reached, the individual fiduciaries shall then approach such other corporate fiduciary as I shall have designated by an acknowledged written instrument or, in the absence of such designation, then such other corporate fiduciary as the individual fiduciaries shall select. "She was wonderful and had a great sense of humor," said John Cody, an adviser who delivered a eulogy. In 1989, she was convicted of federal income tax evasion and served 19 months in prison and 2 months of house arrest. Metropolitan Diary continues to publish! Whenever appropriate, the singular shall include the plural and the plural shall include the singular, as the context may require. After graduating from Abraham Lincoln High School, she began calling herself. [8] Cardiovascular disease ran in her family, claiming the lives of her father, son and a sister. distressed banks during the Depression. [14] Leona was twice married to and divorced from her second husband, garment industry executive Joseph Lubin. A. I direct my Executors to sell all my personal residences that I may own at my death and to add the net proceeds of sale to my residuary estate to be disposed of in accordance with the provisions of Article THREE hereof. However, anything to the contrary notwithstanding, I direct that even if the value of the charitable remainder interest is less than the minimum amount which is required for a trust to qualify as a charitable remainder trust (such minimum is currently ten percent), I nevertheless direct that the unitrust amount of five percent not be changed, even if it means the trust would therefore not qualify as a charitable remainder trust. NEW YORK - A small group of mourners gathered yesterday to pay tribute to legendary hotel magnate Leona Helmsley, who was remembered not for her mercurial temper but for her charity and toughness. ", Sex offender whod targeted 88-year-old arrested in cold case slay of teen NYC girl found strangled with her own bra (EXCLUSIVE), Jalen Brunson joins Julius Randle and Jimmy Butler on Game 2 injury report, Phillies slugger Harper expected to return to lineup Tuesday, Do Not Sell/Share My Personal Information. Mrs. Helmsleys lawyers said she had believed that the price she was paying included the sales tax, but in 1990, a judge revealed that she had admitted before grand juries in 1985 that she had actively NEW YORK (Reuters) - New York real estate queen Leona Helmsley will be lavishly laid to rest in a mausoleum worth $1.4 million -- more than the average Manhattan apartment. The distribution shall be paid in quarterly installments out of income and, to the extent income is not sufficient, out of principal. Proc. As Frankel writes in the last line of the book, All in all, in the good luck lottery that floats unpredictable in the cosmos, I hit the jackpot.. The Testatrix, in the respective opinions of the undersigned, could read, write and converse in the English language and was suffering from no defect of sight, hearing or speech, or from any other physical or mental impairment which would affect her capacity to make a valid Will. Lekic was paid a $60,000 annual guardianship fee. D. I direct that the following bequests be made in trust for each of the following persons. [19]:212. During the trial, a housekeeper at the Helmsleys estate claimed she overheard Leona saying, We dont pay taxes. The reason the NYT is writing about her is because she had money. We've received your submission. The work included a $1million dance floor, a silver clock and a mahogany card table. She had Street Smarts and new how to use them! morning and a round-up in Monday's print edition. In1989, Trump and Helmsley were locked in a disputeover an Atlantic City property that Trump had purchased and planned to turn into a non-casino hotel. Trump called her a disgrace to the industry and a disgrace to humanity in general., Leona said of Trump: I wouldnt trust him if his tongue was notarized.. F. I leave the sum of Twelve Million Dollars ($12,000,000) to the Trustees of the LEONA HELMSLEY JULY 2005 TRUST, established under an instrument dated on or about the date of this Will, to be disposed of in accordance with the provisions of that Trust agreement. The charges that Rudy Giuliani, the U.S. Attorney for the Southern District of New York, filed in 1988against Queen of Mean Leona Helmsley were quite similar to the state charges brought by Manhattan District Attorney Cyrus Vance Jr. against the Trump Organization and its CFO Allen Weisselberg. My Trustees shall have placed in the Helmsley Mausoleum a register to be signed by each visitor and shall rely on it in determining whether the provisions of this paragraph have been complied with, and my Trustees shall have no duty to make, and shall be prohibited from making, any further inquiries after determining whether or not such beneficiary signed such register. D. Each successor Executor and successor Trustee shall have all rights and discretions which are granted to the Executor and Trustee who preceded that successor, except those which may be specifically denied in this Will. Here, some tales from Frankels 18 years of working for the Queen: Helmsley was using company monies and phony invoices to charge Helmsley Hotels for the renovation of Dunnellen Hall, the couples sprawling 28-room Jacobean hilltop mansion on 40 acres in the ritzy back country of Greenwich, Conn. She often said that she could trust nobody but Trouble, Frankel writes. Records showed that Mrs. Helmsley made 10 such jewelry purchases, totaling $485,000, which would have required taxes of $40,000. You can surround yourself with as much stuff as It was really difficult for her because her husband was dying and she was about Severally sworn to before me this 15th day of July 2005, /s/ Sandor Frankel Notary Public State of New York No. She was a pioneer and a visionary in the real estate and hospitality industries. This sum was subsequently reduced to $2million as excessive to fulfill its purpose. Hebron Cemetery, Flushing, New York, containing the remains of my mother, Ida Rosenthal my father, Morris Rosenthal, my sister, Sylvia Roman, and my brother-in-law, Irving Roman (collectively (i), (ii) and (iii) shall be referred to as the Final Resting Places). [61] In another account of Helmsley's behavior, she had a barbecue pit constructed for her home. She charged Leona with acting maliciously because she knew Trouble was fierce and dangerous.. Leona Helmsley died of congestive heart failure at the age of 87, on August 20, 2007, at Dunnellen Hall, her summer home in Greenwich, Connecticut. Site content may be used for any purpose without explicit permission unless otherwise specified. store. She ran a full-page ad in the New York Times for the Park Lane Hotel that featured Trouble seated in a chairman-like chair behind a big desk. New York University Medical Center is deeply saddened by the death of Leona Helmsley, whose husband, Harry, was a long-term Trustee and generous benefactor of our Medical Center. Trump had been feuding with Leona Helmsley for years. When God created Leona, the world received no favors. Mr. Helmsley's body was put in the second. You are a great man who has been badly tarnished by, in my opinion, the actions of Leona. Leona Helmsley was convicted in 1989 of evading $1.2 million in taxes and ended up serving 18 months in prison. To borrow such amounts, from such persons other than my individual fiduciaries (or any beneficiary of my estate or any trust hereunder) upon such terms and conditions and for such purposes as they may deem advisable and to pledge any assets of my estate or any trust hereunder to secure the repayment of any amounts so borrowed, provided that all loans shall be made at a reasonable rate of interest. H. All decisions regarding my estate or any trust shall be made by a majority of my Executors or Trustees not disqualified to act thereon, or by both if only two are then serving. The detailed trust provisions are in Paragraphs A and B of Article FOUR, and with respect to sub-paragraphs 1-2, paragraph D of Article FOUR. Two safe deposit boxes contained wads of cash and diamonds along with 299 gold coins in rolls of twenties. (2) My Trustees shall distribute any part of the trust income and principal, at ay time or times, as my Trustees shall determine in their sole discretion is advisable (i) for the care, cleaning, maintenance, repair and preservation of the interior and exterior of the Final Resting Places, and (ii) for the care, planting and cultivation of the lawn, trees, shrubs, flowers, plant or hedges located on the cemetery plots on which the Final Resting Places are located.
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