• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Sexton, Bailey Attorneys, PA

SEXTON BAILEY ATTORNEYS, PA an Arkansas Estate Planning & Trust Information Center

Sexton, Bailey Attorneys, PA

Northwest Arkansas Estate Planning Attorneys (479) 443-0062

Client Vault
  • Home
  • Our Firm
    • Our Firm
    • About the American Academy
    • Advantages of Working With Our Firm
    • Attorney and Staff Profiles
    • News & Events
    • Our Reviews
    • Speaker Connection
  • Estate Planning
    • Asset Protection & Business Planning
    • Elder Law & Medicaid Services
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Incapacity Planning
    • Legacy Planning
    • Pet Planning
    • SECURE Act
    • Special Needs Planning
    • Trust Administration & Probate
  • Webinars
  • Practice Areas
  • Resources
    • DocuBank
    • Elder Law Reports
    • Estate Planning Resources
      • Estate Planning Articles
      • Estate Planning Checkup
      • Estate Planning Definitions
      • Estate Planning Reports
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • FREQUENTLY ASKED QUESTIONS
      • Estate Planning
      • Frequently Asked Questions for Families Without an Estate Plan
      • Legacy Wealth Planning
      • Medicaid Planning
      • Pet Planning
      • Trust Administration & Probate
    • Newsletters
    • Trust Administration & Probate Resources
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss of a Loved One
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
  • Reviews
    • Our Reviews
    • Review Us
  • Contact Us
  • Blog
Home / Estate Planning / Astor Estate Probate Dispute Reaches Settlement

Astor Estate Probate Dispute Reaches Settlement

May 1, 2012 by Audra Bailey Wilcox Leave a Comment

Though she died in 2007 at the age of 105, Brooke Astor’s estimated $100 million estate has been fought over in a New York State probate court ever since then. Much of the conflict involves whether her son, Anthony D. Marshall, would manage the charitable donations Ms. Astor had directed in her Last Will and Testament. However, since Mr. Marshall, age 87, has been convicted of defrauding his mother while she was still alive, the case has become much more complicated and has been in the headlines even before her death.

The settlement reached in court will grant Mr. Marshall approximately half of the $31 million inheritance he would have originally received. The rest of the estate funds will be used in establishing a Brooke Astor Fund for New York City Education, as well as be distributed to other charitable organizations in New York.

The Office of the New York Attorney General Eric T. Schneiderman reached the settlement with all the parties involved in late March. Mr. Marshall is still awaiting the outcome of an appeal he filed for his criminal conviction. If he loses the appeal he will be sentenced to one to three years in prison. However, regardless of the outcome of the appeal, the probate settlement is binding and it will not be changed.

Before her death, Ms. Astor had dementia and had made several amendments to her Will that would have granted her son much more control over her estate, as well as reducing the amount she gave to charities. Mr. Marshall and an attorney were convicted of tricking her into signing the amendments. The settlement is based on the original Will terms and not the changes made after she was tricked.

  • Author
  • Recent Posts
Audra Bailey Wilcox
Audra Bailey Wilcox
Attorney at Sexton, Bailey Attorneys, PA
Audra Bailey Wilcox
Latest posts by Audra Bailey Wilcox (see all)
  • “Last Will and Testament” Origin - April 22, 2021
  • Pandemic Relief for Employers - April 15, 2021
  • How to Dispose of “Stuff” - April 13, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sexton, Bailey Attorneys, PA

Is Your Plan Outdated?

Subscribe to Our Blog

Office Address

Fayetteville
2766 Millenium Drive
Fayetteville, AR 72703
Phone: (479) 443-0062

Office Address

Prairie Grove
1100 Division Street, Suite 4
Prairie Grove, AR 72753
Phone: (479) 846-6026

Office Address

Farmington
6 West Main
Farmington, AR 72730
Phone: (479) 267-4441

Office Hours

Monday9:00 AM - 5:00 PM
Tuesday9:00 AM - 5:00 PM
Wednesday9:00 AM - 5:00 PM
Thursday9:00 AM - 5:00 PM
Friday9:00 AM - 12:00 PM

Map

map for office
  • Facebook
  • LinkedIn
  • RSS
  • Twitter
  • YouTube

footer-logo

© 2021 American Academy of Estate Planning Attorneys, Inc.