Grandson Inherits Bulk Of Woodward Estates: Barnhill Announces Activities At Valdina Will Be Continued, Daily Racing Form, 1943-05-31


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Grandson Inherits Bulk Of Woodward Estates EstatesBarnhill Barnhill Announces Activities At Valdina Will Be Continued ContinuedHOUSTON HOUSTON Tex May 29 Sixteenyear old Robert Woodward of Houston today be ¬ came one of the nations richest boys when the wills of his grandparents the late Mr and Mrs E F Woodward were filed for probate probateThe The Woodwards who were killed in a trainautomobile crash in West Texas last Saturday left almost their entire estate to their young grandson It was estimated at more than 10000000 10000000The The wills transferred to the youth a mighty horse racing empire considered one of the nations largest the residue of cash from a single deal which in 1935 brought the elder Woodward 12000000 when the YountLee Oil Company was sold a 19000 acre West Texas ranch and what Houston business experts said is one of the states bestbalanced investment portfolios of stocks bonds and other securities securitiesBoth Both wills drawn in 1936 named W B Barnhill Woodwards manager John F Dillard the Woodward attorney and J A Phillips Houston accountant as in ¬ dependent executors and substitute trustees These men will direct the affairs of an automatically created trust for young Woodward until he reaches 30 30The The boys father Harley Woodward was killed in an Arkansas airplane crash several years ago agoValdina Valdina Farms Inc part of the estate will continue to breed and raise horses as heretofore Barnhill said after the wills had been filed

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