Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1912-05-09
MOST OF ESTATE
70 AS10R'S SON
viii Of Millionaire Makes
Vincent Principal Bene.
ficiary Of Fortune
Five Million in Trust for
Widow and $4,000 for
New Hampshire School

| NEW YORK, May 9.-Counsel for
the family have made public the viii:
Of John Jacob Astor, as drawn in this
city in September last, only a few
days after his marriage to Miss Mad
cline Talmage Force and approximate
ly seven months before he persisted
| with the sinking of the Titanic.
Vincent Astor, son, who will come
to age within the gear, is made the
principal beneficiary and residuary
legatee. No hint as to the value OF
the great estate is given, and by the
creation of trust funds the testator
has followed, as far as possible, the
custom of his forbears in keeping the
vast Astor real estate holdings intact
Valuations of the estate run any
where from $75,00o,000 to $780, 00,-
600 A close friend of the family said
that the smaller figure, in his opin-
ion, is nearer the correct estimate.
Leaves $4,000 to School.
Aside from provisions for Vincent
Astor, the will provides for uncondi'
tiona1 requests Of only $2l6,50o.
Among these there is but one of
charitable nature. This is $4,000 to
St. Paul's school at Concord, N. H.
The remainder of the legacies are to
relatives, friends and faithful serv-
ants. Nearly all other provisions OF
the will, as made public, deal with the
trust funds, of which there are three
81, 0OO, 900 for the young widow, $5,-
600, 900 for the colonel's young daugh-
ter, Muriel, the child Of his former
wife, Ava Willing Astor, and $3,0O0,-
900 for the expected child of the pres
ent widow This latter clause pro-
vides for leach child who shall Sur
vive the testator other than his son
William Vincent and his daughter Ava
Alice Muriel."
Nothing for First Wife.
No provision is made for the wife who
divorced him, and If the young widow
dies or marries again the $4,000
trust fund, together with the town
house and other property left to her,
reverts to Vincent Astor. She re-
ceives, however, 100000 outright,
without further stipulation, and until
the income from the trust fund shall
become available the trustees are d.
rected to pay her an income of $780,
900 a year. There was an ante-nup-
tial settlement which she accepted in
lieu of dover rights. The amount OF
this has never been made public. Ru-
mors have placed it at $5,000,O00.
The colonel gives the trustees MI
mute direction concerning making in
following almost word for
word instructions of similar nature
left by his father, William Astor. All
requests are made tax free, the taxes
to be paid out Of the residuary es'
tate. As to proper Investments, he
cites, among other things, real estate,
railroad securities and the public
debts of the Uniteu States, New
York. New Jersey, Pennsylvania and
Ohio.
Personal Property to Son.
One of the provisions gives to his |
san, William Vincent Astor, outright |
all the lands and personal property at |
N. Y, over which the tes-
tator was given power Of appoint !
ment by his fathers will; all the lands |
and personal property at Rhinebeck,
which belonged to him absolutely at |
the time of his death; the house and !
at Newport, R. l.. with all /
personal property therein over which
he had q power Of appointment under
his fathers will; all the pictures and |
statuary left to him for life by his !
fathers will with power of appoint
nent, and all his jewelry, wearing ap-
parel, personal effects, yachts and
boats.
Another gives to his widow, Made
aine Talmage Force Aston, the town
house and the stable at Fifth avenue
Ind Sixty1fifth street, together with
looks. naintings. nictures. enGravings