The distant relatives of reclusive, doll-loving heiress Huguette Clark may not have seen their great-great aunt for more than a half-century (and most never met her at all), but they will be amply rewarded for their solicitousness after her death, netting $34.5 million in a settlement reached on the eve of a jury trial over her $300 million estate.
The numerous parties in the battle over the copper heiress’s massive fortune have negotiated a deal, NBC News’s Bill Dedman reported this afternoon, obviating the need for a lengthy jury trial—juror selection had been scheduled to have started last Tuesday, September 17, but was delayed as the tentative deal took shape.
Let the battle begin! The cash has yet to come in on the sale of late copper heiress Huguette Clark’s Fifth Avenue 12th-floor apartment (in contract since April), but the fight over her fortune is already underway.
The executor of Clark’s estate has filed a legal petition asking the court to order Clark’s staff to repay the $44 million in gifts that she gave them on top of salaries, according to a story on msnbc.com.
Clark, who died at the age of 104 with a fortune of $400 million and no direct heirs, authorized many gifts from her vast estate over the years. After her death, distant relatives sued, claiming that her fortune had been mismanaged.