Milford chronicle., 1912-05-10
son GETS The
ASTOR FORTUNE
Widow Receives NewYOTk House
and $5,OOO,OOO.
S5,OOO,OOO FOR DAUGHTER
Mrs. Ava Willing Astor, His First
Wife, Was Not Mentioned - Other
Bequests.

The will of John Jacob Astor, dis
posing of an estate valued roughly at
S100,0O0,0OO, was summarized in New
York by Lewis Cass Ledyard, the law
yer who drew it.
Mr., Astor, following the example of
his father and grandfather, did not
split up his estate. He left it almost
intact to his son, William Vincent
Astor, who is not yet twenty-one years
of age. Not much more than SS,000,-
600 can in any event be diverted from
the main Astor line. Mrs Ava Willing
Astor, his first wife, was not men
toned
The bulk of the will concerned the
restrictions which will bind his exc
cutors and the trustees of the Astor
estate, James Roosevelt, Douglass
Robinson, Nicholas Biddle and Vim
cent Astor, who begins to serve as
soon as he comes of age six months
hence.
The precise value of the estate was
not mentioned. A man who has been
familiar with Mr.. Astor's affairs said
the value lies probably between $75,
100000 and $125,OO0,OOO.
To his son William Vincent Astor he
leaves outright all the lands personal
property at Rhinebeck; the house and
grounds at Newport, with all personal
property therein; all the pectures and
statuary left to him for life by his
fathers will; all his jewelry, wearing
apparel, personal effects, yachts and
boats.
To his widow, Madeline Force As
tor, the town house and stables at the
corner of Fifth avenue and Sixty-ffth
street, together with the printed books
paintings, pictures, engravings, stat
uary and all household effects, useful
and ornamental; also trust fund of
s5,0OO,OOO, of which she is to receive
the income. The house and stables,
contents and income from the trust
fund are to be hers during her life
and as long as she remains his widow
Upon her death or remarriage all this
property is bequeathed to the tesla.
tors son, William Vincent AstOr.
The will in addition to this leaves
the widow an outright legacy of $780, |
900, payable Immediately upon the
testator's death.
These provisions for his widow, ac |
cOrding to the will, are made in lieu
of dover and all other claims upon |
his estate, and until a trust fund OF
S5,000000 is set up the executors are
to pay to her an income at
the rate of 100000 a year.
A trust of S5,0OO,O00 is created for
the benefit of his daughter, Ava Alice
Muriel Astor, and so much of the in
come as the trustees shall determine
to be proper is to be applied to her
and education during her
Upon attaining the age OF
-wenty-One years she is to receive this
fund with its accumulations absolute
". In case of her death and in de.
'ault of a will by her the fund reverJs
% William Vincent Astor.
A trust fund of $3,0O0,000 is created
or the benefit of each child who shall
survive the testator other than his
son, William Vincent Astor, and his
laughter Muriel, to be held in trus:
or such child until attaining the age
# twenty-one years.
Among other bequests are the fol
owing: To St. PauIs school, at Con.
ord, N. H., 100000; to his brother
n-law James Roosevelt. S2O,OOO
0 his friend, Douglas Robinson
10000; to his friend. Nicholas Bid.
lie, $4,000; to his secretary, William
l. Dobbyn, S25,OOO; to his steward,
7homas Hade 10000; to Herbert A
'inkham, the superintendent Of his
ountry place at Rhinebeck, $4,000.
All the rest, residue and remainder
f his estate and of all property over
fhich he had any power of testamen
ary disposition is given outright to
ia son. William Vincent AstOr.