Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-05-13
DIsTRIBUTIN0 A FORTUNE.
How tie Estate Of william Aseor Win =
Divided.


The win Of William Aston, whose funeral tool
place yesterday In New York, viii probably b
offered for probate today. II ID dated January
Il, lsa2, and d modified by liz codicils. Lord,
Day D LORD, the counsel for the executors, made
public yesterday an abstract Of the provisions Of
the win. The estate divided includes one-hah Of
the residuary estate Of William B. Astor, in
which bis son, William Aston, had life inter
est Lord, Day 4 Lord expressed on behalf Of
the family Of William Astor wish 10 correct
the popular Misrepresentation as to the manner
IN which William B. Aston divided his prop
srty.
1t has been commonly supposed that John
Jacob Aston, the father Of the living William
Waldorf Aston, received the larger part Of his
fathers property. The lawyer said yesterday
This b q mistake William B. Aston, by the
eleventh article Of his will gives all his residuary
property, one-half to his son John for life and
one-half to his son William for life, with power
70 each to dispose Of the half held for his use.
The two cons Of William B. Actor we're treated
exactly alike in his will.'
The William Aston estate has not, IL 10 sup
posed; increased so rapidly a. that Of the other
branch OF the family. Il il, however, ssti-
mated at from $50 900 900 to $50, COO O00 The
disposition OF this great estate is that which
had been expected. John Jacob Aston, the
ony son. receives the bulk OF the property,
either Tor life or as his absolute property. The
half OF the William B. Astor residuary estate
which William Aston held for life is TO 90 10 the
son. The house and lot ct No. $50 5th avenue,
subject to Mrs. Astors life estate, are TO be con-
veyed, with other property valued at s5o0, 900,
TO john Jacob Aston when he arrives at the age
OF twenty-one years. One-half Of the rest Of
the William B. Astor estate il to be conveyed
when the young man reaches the age Of twenty.
hve years, and the balance when he becomes
thirty years old. As Mr.. Aston 10 now between
twenty-five and thirty years old he will immedi.
ately receive an immense fortune a. his abso-
lutte property.
Mrs. Caroline Webster Aston, the widow Of
William Aston, receives in addition to the annu.
ity settled on her at marriage the 5th avenue
and Newport houses and their furniture for life
with an annuity Of $50, 900. From his individ.
ual estate William Aston also gives nearly
81, 500 900 in trust funds to be divided among
bis three grandchildren bearing the family
name Of Van Allen. His daughters, Mrs. Roose.
Welt and Mrs. Wilson. each receive trust estates
Tor life Of Ss50,O00, with the use of houses In
9Th avenue.
A trust fund of ssso. 900 Is divided among the
four children Of Mrs. ]. Coleman Drayton
About goo, 600 Is given 10 charitable institu
tons or to private individuals The rest OF
Mr.. Astor's individual property IL given In
trnst for life TO John Jacob Aston The son re.
eeives practically the whole estate, except abou,
VI, Doc, 900, and thus becomes one Of the riches,
men in the country.
The executors and trustees who will have the
management Of a large part of the estate are
Henry Day, Philip Nissan, John Jacob Aston
and William Cruikshank.