Access Control
Date
9 Mar 1940
Abstract
TD. Figures handwritten in pencil in left margin: 22000.—, 10000, 5000 next to paragraphs 1, 2, and 3 respectively.
Creator
Transcript file(s)
Subject (Topical)
Details
Identifier
einstein:603,Folder 3.24
einstein_02_01_003_024_001
Extent
1 item
Format
Rights
These materials are made available for research and educational purposes. It is the responsibility of the researcher to determine the copyright status of materials in the Vassar College Digital Library.
: einstein:603-1
March 9, 1940.
MEMORANDUM RE PROPOSED REVISION OF WILL OF DR. EINSTEIN
(1) A trust fund of $25,000.00, to be held during the life of Edward. There shall be paid to him the sum of $660.00 per annum, in monthly installments of $55.00, payable first out of income, but if the income be insufficient then out of principal. Any income in excess of $660.00 per annum to be payable to sister, Marie Winteler. Capital on death of Edward to be distributed in its entirety to son Albert.
(2) A trust fund of approximately $10,000.00 or $15,000.00 for the life and benefit of Marie Winteler. She shall receive out of income of this trust fund a sum which, taken together with any income which she may receive from Edward’s trust fund, shall aggregate $480.00 per annum. Here, too, if the income should prove insufficient the principal may be used to make up the total annual payment. On her death the capital is to be distributable to son Albert.
(3) For the benefit of Dr. Einstein’s secretary, Helena Dukas, provide either an outright legacy or a trust fund in an amount similar to above for Miss Winteler and with similar provisions.
(4) ‹In lieu of paragraph NINTH substitute simply a cash legacy of perhaps approximately $5,000.00 to son Albert.›
(5) The balance of the estate to be kept in a trust for ten years or during the joint lives of Albert and Miss Einstein, whichever is the shorter, with income distributable in the discretion of the trustees to relatives of Dr. Einstein and his deceased wife (including in the definition of relatives Albert and Miss Einstein themselves), the remaining balance in each year to be payable to Albert, or, if dead, to Miss Einstein; all capital of this trust on termination to be distributable to Albert.
(6) All general provisions of the existing will relative to distribution of household and personal effects, manuscripts, etc., to remain as now provided.
(7) In view of the probability that one or more of the beneficiaries of the trust funds will outlive Dr. Nathan, who is named as Executor and Trustee, and Mr. Leidesdorf, who is named as substitute, consider naming a further substitute to act after Mr. Leidesdorf or, as an alternative, authorizing the survivor of Dr. Nathan and Mr. Leidesdorf to nominate their successor.
[TD. Figures handwritten in pencil in left margin: 22000.—, 10000, 5000 next to paragraphs 1, 2, and 3 respectively.]
MEMORANDUM RE PROPOSED REVISION OF WILL OF DR. EINSTEIN
(1) A trust fund of $25,000.00, to be held during the life of Edward. There shall be paid to him the sum of $660.00 per annum, in monthly installments of $55.00, payable first out of income, but if the income be insufficient then out of principal. Any income in excess of $660.00 per annum to be payable to sister, Marie Winteler. Capital on death of Edward to be distributed in its entirety to son Albert.
(2) A trust fund of approximately $10,000.00 or $15,000.00 for the life and benefit of Marie Winteler. She shall receive out of income of this trust fund a sum which, taken together with any income which she may receive from Edward’s trust fund, shall aggregate $480.00 per annum. Here, too, if the income should prove insufficient the principal may be used to make up the total annual payment. On her death the capital is to be distributable to son Albert.
(3) For the benefit of Dr. Einstein’s secretary, Helena Dukas, provide either an outright legacy or a trust fund in an amount similar to above for Miss Winteler and with similar provisions.
(4) ‹In lieu of paragraph NINTH substitute simply a cash legacy of perhaps approximately $5,000.00 to son Albert.›
(5) The balance of the estate to be kept in a trust for ten years or during the joint lives of Albert and Miss Einstein, whichever is the shorter, with income distributable in the discretion of the trustees to relatives of Dr. Einstein and his deceased wife (including in the definition of relatives Albert and Miss Einstein themselves), the remaining balance in each year to be payable to Albert, or, if dead, to Miss Einstein; all capital of this trust on termination to be distributable to Albert.
(6) All general provisions of the existing will relative to distribution of household and personal effects, manuscripts, etc., to remain as now provided.
(7) In view of the probability that one or more of the beneficiaries of the trust funds will outlive Dr. Nathan, who is named as Executor and Trustee, and Mr. Leidesdorf, who is named as substitute, consider naming a further substitute to act after Mr. Leidesdorf or, as an alternative, authorizing the survivor of Dr. Nathan and Mr. Leidesdorf to nominate their successor.
[TD. Figures handwritten in pencil in left margin: 22000.—, 10000, 5000 next to paragraphs 1, 2, and 3 respectively.]
