August Belmonts Estate: Terms of Will of Late Chairman of Jockey Club and Noted Sportsman Made Known, Daily Racing Form, 1924-12-18


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AUGUST BELMONTS ESTATE Terms of Will of Late Chairman of Jockey Club and Noted Sportsman Made Known. NEW YORK, N. Y., Dec. 17. Virtually the entire estate of August Belmont, financier and the late chairman of the Jockey Club, who died last Aveek, goes to his Avidow, his surviving children and the children of his deceased son, August Belmont, Jr., according to the terms of his will, filed yesterday in the Nassau county surrogates office at Min-eola, L. I. ; Mrs. Eleanor Robson Belmont, the AAidow, is to receiAe 0,000 outright, for her immediate use and the executors are instructed to set apart in securities not less than 00,000 for her, in order to proAide an annual income of at least 0,000. This is to go into the residuary estate upon her death. In addition, Mrs. Belmont is giAen in trust the Belmont country estate and breeding farm near Babylon L. I., and all personal property thereon, including the li-estock. This, too, is to pass into the residuary estate upon the Avidows death. She is ghen also all the household furniture, Avearing apparel, jewelry, pictures, books, automobiles and "Other personal property acquired since our marriage." Some years ago the Nursery Stud was incorporated by August Belmont and he and Mrs. Belmont, in partnership leased the horses that AAere intended for racing purposes. Thus Mrs. Belmont falls heir to Air-tually all the thoroughbred holdings of the dead sportsman. While the extent of the estate is not defr initely knoAvn it has been estimated at 0,-000,000. Besides- the . Avidow the immediate heirs are the sons, Raymond and Morgan Belmont, the AvidoAv of August Belmont, Jr., and the issue of the three children. In a codicil Mr. Belmont revoked the appointment of his son, Raymond, as one of the executors of the estate and Cornelius W. Wickersham AA-as named to serAe Avith his Avidow and his son, Morgan Belmont. It is also prohibited, under the terms of the Avill, to dispose of the breeding farm at Babylon during the term of Mrs. Belmonts lifetime.

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