New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-13
WILLIAM ASTOR'S WILL.
MILLIONS FOR HIS SON, JOHN JACOB
THE DEAD MANS WIFE GETS A LIFE EsrATES
TRUSTS FOR TWO DAUGHTERS AND
FOR HIS GRANDCHILDREN.

THE DEAD MANS WIFE GETS LIFE Estate
TRUSTS FOR TWO DAUGHTERS AND
FOR HIS GRANDCHILDREN.
The will Of William As'or, whose funeral took
place yesterday, will probably be offered for pro-
bate to-day. 1t is dated January l?, 1892, and
is modified by six codicls. Lord Day & Lord,
the counsel for the executors, made public yester-
day an abstract Of the provisions Of the will.
The estate divided includes one-half Of the
resduary estate of William b. Astor. in which
his son, William Astor had life interest Lord,
Day d Lord expressed yesterday, on behalf Of the
family of William Astor, wish to correct the
popular misapprehcnsion as to the manner in
which William Is. AstOr divided his property. IL
has been commonly supposed that John Jacob
Astor, the father of the living William Waldorf
Astor. received the larger part of his fathers
property. The lawyers said yesterday: This is
mistake. William b. Astor 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 William for life, with power to each to
dispose of the half held for his Use. The two
sons of William Is. AstOr were treated exactly
alike in his will"
The William Astor estate has not it is sup
posed increased so rapidly as that Of the other
branch OF the family. 1t is, however, estimated
at from S30,O00,0O0 to $5O,OOO,OOO. The dis
position of this great estate is that which had
been expected. John Jacob Astor, the only son,
receives the bulk of the property, either for life
or as his absolute property The half OF tho
William b. AstOr residuary estate which William
Astor held for life is to go to the The house
and lot at No. $50 Fifth-ave, subject to Mrs.
Astors life estate, are to be conveyed, with other
property valued at 100000, to John Jacob Astor
.I.,,k H.. H. 81
Onc-half of fe rest of the William b. Astor estate
is TO be conveyed when the young man reaches
the age Of twenty-five years, and the balance
when he becomes thirty years old. As Mr. Astor
is now between twenty-five and thirty years old.
he will Immediately receive an immense fortune
as his absolute property
Mrs Caroline Webster AstOr, the widow Of Will
lam Astor, receives in addition 10 the annuity
settled on her at marriage, the Fifth-ave. and
Newport houses and their furniture, for life, with
an annuity of $4,000. From his individual
estate William Astor also gives nearly $l,5OO,OOO
in trust funds to be divided among his three
grandchildren bearing the family name OF Van
Allen. His daughters, Mrs. Roosevelt and MIS-. :
Wilson, each receive trust estates for life OK
Ss5OOO0 with the use of houses in Fifth-ave. A
trust fund of $3.50, 600 is divided among the four
children of Mrs j. Coleman Drayton. About
5000 900 is given TO charitable institutions or to
private individuals The rest of Mr. Astors lndi-
vidual property is given in trust for life TO John
jacob Astor The son receives practically che
whole estate except about So,OOO,OOo, anu 1nus
becomes one of the richest men in the country.
The executors and trustees who will have the
management OF large part OF the estate are
Henry Day, Philip Kissam, John Jacob Astor ana
William Cruil<shank.
The entire abstract Of the will and coqicns' -
prepared by the counsel for the executors n'
rest,tor dsposes by this will all the real ana
personal property which he held IN nus own hh rsIhs
q also ,tners Of erSperE w IN and s
other he WAS BY any y. Instrument Suasy ra and
Onsha ps to .Se hs dsss SSe a fne 70 ass @am
1aioS s"f ,S fesator or M for life with powers each t
dispose by will OF the half held for his use lwll Oh
"i'1n T,tor % cyes to his widow. Caroline Webster
,sor in addition annuity settled spVn, e' "
5o a5 Ffthaye and the therein to hold for
NE also the house Mt Newport ana the iath'ro ~ nv tba
t,xeS and assessments the said property IN winch
Mrs Astor holds life estate. -. .u,s,oos ,,rd
s;;clant 70 produce an income OF $4,000 annually,
which is to be paid to the use Of Mrs. Astor during
c % Tcsator gives to his executor, as trustees S from
his personal estate the sum 9 eS les rraes
her issue for Lawrence Van Allen grandson Of the
t,stator, same provision for sarah van AAcu' s'""1
s. Tcstator gives to Ids executors as trustees
Ga1gier us!cn Roosevelt duiing her life. with re-
mainder her issue she may direct by VIII n ns
- in addition TO provisions for her made under mar
Rage settlement and other trusts lie ai,o & gveS 9er
Ie Of house and s s1 SS 81 BY ftlnyi her w
we dsfe' s S sNefPpGf Fl that she ic1 1' @ ts
with remainder +, her Issue directed BY her WILL
: Tcstator gives 10 his executors to hold as rns, US,
sTendcnd. Caroline T. DTayton during her natural
& cmader her issue same rrS% rayon fST %am fann
4. DrytJn and AlIdia Livingston Drayton.
Nretor give: , the ;Sl@Tns @ o SI~ "e9c5Ss 900
To cm GeH fa R.p,fs faRl e sd and i%Ggtnt
Females city Of loocS lo%9
To orny A'H5 cnurr6 YewYck charitable
To the Wonnn's Hospital, fonr;haNe ana f0ry 1oooo
To nS a"a Gy Missionary and society 2S9S9
TO TO %%s j,s tsr g. hrstro"s sg9cS
70 10 St. SOM hukcs sSi hospital jaci,oye 1900 3oSS
Thomas Had, # in his employ at ms dseease'- ''oo"
To Johanna Best servant, annuity OF Sooo'
Tesator directs that the fund provided for the use
his daughters shall be oneiaif personally anu ono
10. Testaor gives TO nj, executors and trustees al
the residue of his individual real and personal eStae;
hi, life and to apply the income to his use, VIII,
power to his son dispose Of the remainder by VIII
ThIs claus, does not embrace the property held for
tesiators use under the will Of his father William u.
Astor. , ..o.., hi, g..
.t for testaor nntpr the will Of his father being
a moiety Ct the res-iuary estate mentioned In tho
will of Mr.. William b.. Astor), and all other prop
er,v test1tor has the right TO dispose OF under tho
provisions Of any instrument wha;ever' testatSr a;,.
gives to his executors as trustees and TO Apply
Tho income 10 the use OF his John Jacob Astors
when said son arrives at the age OF twentI one.
Trmstecs ara 10 give hin house, stable and lot, No.
3o E1fthaye subject TO the lite estate OF Mrs. Astor,
also real and personal property 70 the amount q
s5Co 600 When he arrives al the age OF twenty
Gyc wears trustees are 10 convey to him one half OF
the remainder in this article named, and when he
arrives at the age Cf thirty, trustees TO transfer
10 him the remainder his absolute estate. -
il ri his Will