The Calumet news. [volume] (Calumet, Mich.) 1907-1938, 1912-05-01
GOES TO
COL. ASTOR'S son
BULK OF REAL ESTATE WILL
REVERT TO vlNCENT-PART
TO co TO OTHER
CHILDREN.

brought here, Mrs. Ava Willing AS
tor hurrying across the Atlantic 4
this city and Mrs. John Jacob Asto
approaching motherhood In the Asto
home i'm Fifth avenue. there is mucl
speculation concerning the terms o.
the Aston will. #
Two facts are learned from a reli.
able source First. Col. Astor mad,
no will which is known OF i'm thi,
country since his second marriage;
second. whatever will he did leave
and the terms of that are known tC
only one person, Lewis Cass Ledyard
will not make any appreciate differ.
ence in the financial standing of any
OF the persons concerned.
Eighty per cent OF the Astor estat,
is left as il was left to John Jacot
Astor by his father. William Aston
and goes to Vincent Astor.
Other Children Heirs.
The remaining 20 per cent. goes to
the other children. At present there
is but one other child. Muriel, 10
years old. Should there be issue to
the second wife. this child win share
the 20 per cent with Muriel.
The terms of this will of William
Astor are such that the only property
John Jacob. his son, could bequeath.
would be such as he might have &C
quired by purchase and hello separate
from the entailed Astor estate which
had come down from father TO son
in lineal succession from the first AS
tor. This may be n relatively small
amount. possibly IL is larger than any
one suspects.
When William Astor died. the es-
tate amounted to approximately $30,-
100000 At the present time II
amounts to not more than 10000. 900
and is probably about s75. 600. OF
this all but few millions is in the
entailed estate Thus Vincent Astor's
inheritance will be approximately $780,
100000. If there is no issue from the
second wife, Muriel will receive APP
proximately s15,00O0O0. If there is
issue from the second marriage. she
viii De Obliged to share equally if
the child is a girl and unequally if a
boy.
Vincent Not Of Age.
Vincent Aston is not of age. In
five months he will be u years old.
And he is the first man in the lineal
descent Of the family who will hold his
fortune I'm fee simple to 90 with as he
pleases. There will be no trustees to
watch over him. as there were to
watch over his father. and IL he
chooses to make a will or to make any
disposition of his property in his own
life. he will be i'm a position TO do
with It as he pleases.
The only personal home of his own
which Col. Astor was I'm a position to-
will is Fernclif. the country estate
up the Hudson. He possessed none
OF the celebrated Astor family jewels.
They were willed by Mrs. William
Astor to her daughters and their chill
dren and II part TO her daughter-in-
law, Mrs. Ava Willing Astor.
1t is also learned that at the time
of her marriage. i'm accordance with
the custom of the Astor family inau-
gurated by the original John Jacob
Aston. Ava willing Astor signed over
her dover rights in the estate for a
settlement. This settlement was the
income on s2.O0O.0OO. which she was to
have only after the death of Col. AS
tor. and then only for her own life
time Thus during her married life
with Col. Astor she received nothing
whatever except what he chose to
give her.
Allowance Made to Wife.
His allowance to her was $500 a
year and this was all the money she
had for her own until she received a
legacy through the decease OF certain
members OF her own family.
At the time of her divorce Mrs. Ava
Willing Astor relinquished her rights
to this settlement and received in
place of IL. for life, the income on the
known as the Knickerbocker
hotel. This is worth about s2,400,000
and her income from IL has been on
the average of about 100000 a year.
This income she will continue TO re-
celve as long as she lives. but on her
death II will revert TO the Astor estate.
which will then be possessed by her
son, Vincent. This is all she has ever
or ever will receive from the Aston
estate
Another remarkable fact concerning
the Aston fortune is revealed in the
statement that when Miss Madeleine
Force married Col. Astor she signed
away all claims to any dover rights
In the estate for cash settlement of
5000, 900.
Second Wife in Mansion.
Although the first Mrs Astor is has
tening to America I'm response TO ca
blcs from her son. II is hardly prob
able she will make her domfcile in
her sons house when II Is occupied byl
the second Mrs. Astor.
This leaves the second Mrs, Astor
still i'm the possession of the family
and I'm close contact with the
Aston heir. who is not yet of
age. For the coming five months he
will still be under the guidance OF the
trustees of the estate.
Look at. think Of, do and rncn,orizc