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Huguette Clark Settlement

By Gerry W. Beyer

Huguette-Clark-007

A settlement has been reached to divide Huguette Clark’s$300 million copper fortune.

Although Clark’s will specifically states her relativesshould receive nothing, the deal gives them $34.5 million.  The settlement also sets up an artfoundation, which controls the Clark’s $85 million Santa Barbara summerhome.  

Clark’s nurse, Hadassah Peri, is the big loser in thesettlement.  Peri received $31 million ingifts during Clark’s life and would have inherited approximately $30 million inClark’s will.  However, under the settlementPeri will receive nothing from the will and has to pay back $5 million ingifts. 

Click here for a copy of the settlement documents.

See Bill Dedman, Huguette Clark’s $300 Million Copper FortuneIs Divided Up: Here’s the Deal, NBC News, Sept. 24, 2013.

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