Tentative Agreement in the Clark Case

AsI have previously discussed,heiress, Huguette Clark, died Tuesday, May 24, at the age of 104. Clark was thedaughter of William Andrews Clark, a business man who had made a fortune inmining. Clark’s will was filed with a Manhattan court, allowing the world tosee where Clark’s estimated $300 million estate will go. Jury selection startedSeptember 17, however, an hour after the process had begun Judge Andersonstopped the selection. The jury selection was delayed so that the parties couldreach an agreement.

OnFriday, September 20, the attorneys in the Huguette Clark estate battle reacheda tentative settlement. NBC news posted a copy of the agreement. A sourcerevealed the deal is a “victory for the family.” Clark’s secondattorney and accountant who drafted the will in dispute received nothing. Underthe agreement, $34.5 million dollars would be divided among the 20grandchildren, and great-grandchildren of Clark’s brothers and sisters. Clark’slong time nurse will have to return $5 million and a $1.7 million dollar dollcollection back into the estate for distribution. The Bellsoguardo Foundationwill receive the doll collection, the Corcoran Gallery will receive $10 milliondollars, the hospital that Clark stayed at will receive $1 million and herdoctor Henry Singaman $100,000.

See Lawyers:Tenative Settlement in Fight Over Heiress’s Estate, UPI ,  Sep. 21, 2013. See Also Julia Marsh Deal in $300M Heiress Fortune, New York Post, Sep. 21, 2013.

Special thanks to Brian Cohan (Attorney at Law, Law Offices of Brian J. Cohan, P.C.) for bringing this article to my attention.