When a person has a substantial estate to transfer upon their death, he or she will often utilize wills and trusts to handle many of the issues that they may face. Wills and trusts are often an excellent way to avoid probate court and to see that the deceased person’s wishes are followed when it comes to asset protection. One Filipino woman who owns property in California and elsewhere understands the importance of estate planning as she is expected to inherit some $33 million from a wealthy recluse she had nursed for years.
The massive inheritance that Hadassah Peri is expected to receive comes from Huguette Clark. Ms. Clark died at the age of 104 and is the daughter of a wealthy copper baron. She is perhaps best known for her reclusive behavior, having not been seen in public circles for an estimated 70 years. Mrs. Peri has been Clark’s private nurse (and reportedly close personal friend) for over 20 years. She came to the United States in 1972 from the Philippines.
While the exact details of the will have not released, one can presume that it involved some complex estate planning as the deceased was reported to be worth an estimated $400 million at her death. The estate is also embattled in a lawsuit as others try to determine where the balance of her estate will go and what happened to certain sums of money. It is not known if Mrs. Peri is named in that lawsuit, but her inheritance (which does not include the California property) is tied to the court’s outcome.
Source: The Los Angeles Times, “Revealed: The nurse who stands to inherit $33.6million fortune from copper heiress Huguette Clark,” Beth Stebner, Nov. 20, 2011