Tag: inheritance

Once a stray, this cat’s worth $13 million

Tommasino, once a stray roaming Rome, is now the richest cat in the world.

With the death of his owner Maria Assunta, who took him in off the streets, Tommasino inherits, kind of, her $13.3 milliion fortune.

Assunta, the childless widow of a wealthy builder, initially tried to find an animal welfare association that would take care of the cat after her death, the Telegraph reports.

But none, in her view, provided adequate assurances for his future, according to her lawyer.

Instead, Assunta — 94 when she died last month — bequeathed her entire estate to Tomassino, and appointed a fellow cat lover as a trustee. The millionaire cat is now living at an undisclosed location outside Rome with that trustee, who is being identified only as “Stefania.”

Under Italian law, animals cannot inherit directly, but can be named beneficiaries once a trustee is found.

According to news reports, Assunta met Stefania in a park, and sometimes the two got their cats together for play dates. Stefania, a nurse, also went on to help take care of Assunta.

“She was very discreet and quite, I knew very little of her private life,” Stefania said.

“I promised her that I would look after the cat when she was no longer around. She wanted to be sure that (he) would be loved and cuddled.”

The Telegraph reports that only two other animals have inherited more money than Tommasino.

The world’s richest animal is believed to be Gunter, a German shepherd who was left $138 million by heiress Karlotta Liebenstien. Kalu, a chimpanzee, was the beneficiary of $61 million bequeathed by Patricia O’Neill, wife of former Australian swimming champion Frank O’Neill.

(Photo: That’s Tommasino at the bottom; Sky News)

Ignoring Leona: Dogs have a bone to pick

If Leona Helmsley was betrayed as much in life as she is being betrayed in death, it’s easy to understand why she might have become the bitch — and we’re not talking female dog — she was so often portrayed as.

In the latest development with the wealth she left behind, a second judge has ruled, in effect, that the foundation divvying up her fortune among charitable groups need not follow her express wish that much of that money be spent on the care of dogs.

The judge denied a bid by the ASPCA, the Humane Society of the United States and other animal groups to get a larger share of Helmsley’s billions.

Although Helmsley directed a share of her massive fortune go to “the care of dogs” — that being in addition to the $12 million she asked be left to her own dog — the Helmsley Foundation’s trustees have seen fit to dispense most of the foundation money among organizations that have little or nothing to do with canines.

According to the animal welfare groups, only about $100,000 of the $450 million the foundation has given away has gone to dog causes.

The dog charities argued they should have standing to challenge how the foundation gives away its money in light of Helmsley’s written statements and last wishes. Wayne Pacelle, president of HSUS, called the $100,000 received so far ”a trifling amount, and contrary to Helmsley’s intentions.”

Surrogate’s Court Judge Nora Anderson in Manhattan rejected the bid by the animal welfare organizations to intervene in the case, agreeing with a judge who ruled earlier that the trustees have sole discretion in how to distribute the money, the New York Post reported yesterday.

She said she feared the groups’ challenge could open the floodgates to countless lawsuits from dog organizations around the world.

It’s hardly the first time Helmsley’s last wishes have been overruled since her death: Of that $12 million she left in her will for the care of her Maltese, named Trouble, a judge reduced the amount to $2 million.

Beyond what she intended to leave for the care and feeding of Trouble, Helmsley had another $5 to $8 billion, according to estimates of the trust’s worth.

Helmsley, who died in 2007, wrote in a 2004 mission statement for the trust that she wanted that money used for “1) purposes related to the provision or care of dogs and 2) such other charitable activities as the Trustees shall determine.”

In 2009, though, the Surrogate’s Court found that the mission statement did not place any legal restrictions on what donations could be made from the trust.

Later that year, the ASPCA, the Humane Society and Maddie’s Fund, filed a motion asking the court to vacate its earlier order and allow them to intervene. The primary interest of those groups was not, of course, in seeing solely that Helmsley’s wishes were honored, but neither, it seems, are the foundation’s. The animal welfare groups’ goals seem more aligned with her wishes, though.

By all descriptions, the so-called ”queen of mean” was a hard-hearted woman, with one soft spot — dogs.

The foundation doling out her fortune doesn’t seem to have a whole lot of respect for dogs, or for Helmsley.

I’m no legal expert, just a dog lover, and I’m not asking for Trouble.  But if I arranged to leave my fortune – non-existent though it may currently be — to my dog Ace, or anywhere else, and you didn’t carry out my wishes, you can be sure I’d be back to haunt you.

I’d show you mean.