From gold bars to expensive blankets: the inventory of goods of the millionaire inheritance of Tompkins
On December 8, 2015, the American conservation philanthropist Douglas Tompkins died due to hypothermia after overturning his kayak in Lake General Carrera.His departure not only meant a loss for environmentalists who promote environmentalism in Patagonia, but also a break inside his family.
Two years ago, Summer Tompkins Russell began a judicial crusade in the United States and Chile in order to be recognized as a forced heiress of the tycoon.Although so far his effort has not been welcomed in court, little by little more details arise about his father's last decision: to leave his two daughters out of the will and put all his assets in the hands of his widow, Kristine McDivitt, and Debra Ryker, former manager of Finance of Corp Spirit, also of American nationality.Both have the power to administer The Douglas R.Tompkins Revocable Trust, economic and legal instrument commonly used by people of high heritage.In Chile, Tompkins is represented by lawyers Florencio Bernales and Raimundo Moreno.
Last Monday, and after an extensive battle in the Court of Letters of Puerto Varas, which began with a demand for a will of Testament at the end of October 2017, the lawyers of Kristine and Debra (Pedro Pablo Gutiérrez and Juan Francisco Asenjo)They revealed to the court the inventory of the property of the Trust for the first time in Chile.
The third PM accessed these documents, which realize that the businessman's trust - at the time of death - maintained goods for a total of US $ 92.551.512, among which gold bars are counted under the shelter of JP Morgan Chase Bank in Switzerlands valued at US $ 1.783.325.In addition to works of art valued at US $ 1.913.700 and a collection of US $ 295 blankets.350 that the businessman mainly allocated his daughters Summer and Fiftey.According to the inventory, both were benefited with a total of US $ 435.350, but the plaintiff estimates that they are US $ 250 million, the amount on which it corresponds to exercise their rights.
Por medio de una carta certificada -que se encuentra dentro de los documentos revelados al tribunal-, el pasado 31 de julio, las administradoras del trust (Kristen y Debra) asesoradas por el estudio de abogados Greene Radovsky Maloney Share & Henningh LLP de San Francisco, Estados Unidos, comunicaron los bienes que les correspondían a las hijas de Tompkins.
In the letter, the legal representatives explained that "under the end of the trust, you two (Summer and Fifley) will receive any remaining article or personal property (including all the clothing, jewelry, furniture and personal items), any quilver Amish, and works of art that have not been selected by Kris.Kris has made a list of Doug's remaining personal properties, along with an exhibition of art pieces (with values) and an exhibition of bedspreads (with values) that she has selected ".
Among the works that were distributed to Kristine are a picture painted by Fernando Botero whose appraisal is US $ 400.000 and named "couple dancing" and an impression of the Spanish painter Joan Miro and her daughter of US $ 15.000.In addition to a Francis Bacon picture of equal value.Also in the list are works of art such as statues and pieces of Ethiopia and Vietnam.
Más sobre La Tercera PM
"After you have had the opportunity to decide how you wantLetter signed by Christina Gallagher Nelson, partner of the aforementioned law firm.
In other letters -which are also part of the documents revealed -, the same lawyer on behalf of Debra and Kristine, communicated to Douglas's brother, John C.Tompkins, who would benefit from 50% of the rights of a house in Millbrook, New York.
Sale of land in Argentina
The inventory also accounts for a series of transactions that have carried out the administrators of the "Douglas R.Tompkins Revocable Trust ".In fact, as of July 31, the total amount of goods to be distributed is US $ 63.198.566.
The form also revealed that Tompkins' fortune is also administered by other financial instruments.This is "KMT and DRT Family Trust" and "Pypass Trust", which have funds for US $ 57.097.000 and US $ 5.526.652, respectively.
After the death of the tycoon, a series of transactions have occurred, which account for a decrease in the amount that originally maintained the original trust, such as the sale of 300 hectares located Argentina.
These operations are also disposed of funds that were maintained in Investment in Renihue Holding, LLC and Investment in Vacas, LLC (Tax Basics), both investment vehicles that are part of Tompkins' corporate framework.
Another of the changes that stands out is the increase in bonds and actions administered by the Trust.From the death of the businessman as of July 31, 2019, these instruments went from US $ 6.753.372 to US $ 30.844.027.Charles Schwab Corporation, Bank and Stock Exchange Corridor based in San Francisco, and an investment account by Morgan Stanley are part of these assets.
Comenta
Comments in this section are exclusive to subscribers.Subscribe here.
