Astor Grandsons May Lose $20 Million In Inheritance

Three years ago Brooke Astor's grandson Philip Marshall accused his father, Anthony Marshall, of elder abuse, leading to numerous charges. Now, with his father was found guilty, it looks like he and his twin brother will lose out on $10 million each. The NY Times reports that a codicil to Astor's will that Anthony Marshall allegedly manipulated gave him access to $60 million immediately—and he intended to leave a third to his sons. That codicil will probably be rejected but the younger Marshall doesn't seem to mind "I’ve always felt that this money didn’t belong to us. To take money that our grandmother intended to give to charity is like taking blood money."

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By Jen Chung in News on October 12, 2009 12:37 PM

Comments [rss]

Sommelier

"I’ve always felt that this money didn’t belong to us. To take money that our grandmother intended to give to charity is like taking blood money."

Sounds like he inherited his grandmothers class. Too bad it skipped a generation.

Mr Mel

All that proves is how much they hated their father.

NannyState

If Brooke Astor had invested with Bernie Madoff, none of this would have happened.

ANGRYGOD11

Hopefully the old film cliche of waiting to inherit the family money will fade away. Modern reality is you are more likely to collect many Social Security checks before inheriting any family money.