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To The Dogs

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One must be such a sad person to die and leave all your fortunes to the dogs. Literally.

Especially when you have children and grandkids!

As you recall, obnoxious late hotelier Leona Helmsley originally left $12 million to her dog, Trouble.

The bitch couldn’t leave that money to charities????

But it gets even better!

She requested to leave the rest of her money to other dogs.  They are set to receive BILLIONS!!!!!

Her wishes and instructions were left on a two-page “mission statement” where she stated that her entire trust be left for the welfare and care of dogs.

The estimated value of the entire trust?

It’s $5 to $8 BILLION!

Since no clear directions are stated, ideally the trustees could use the money on groups like the Humane Society or groups that help rescue abandoned dogs and such.

Another part of the mission statement declared that the trustees may use their discretion in distributing the money.

Though some lawyers are saying the statement may not mean much seeing as its directions were never incorporated into her trust documents or will.

A former attorney from the Charities Bureau in NY says, “The statement is an expression of her wishes that is not necessarily legally binding.”

However, there are several laws that favor a donor’s intent and that mission statement seems to be the only detailed explanation of her intent.

Those are some lucky dogs.

We should introduce her millionaire, Trouble, to Teddy Hilton and take them out on playdates!

[Photo via Getty Images.]

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Jul 03, 2008 14:00pm PDT

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