XPost: alt.sports.football.pro.sea-seahawks, seattle.politics, soc.support.depression.family

from https://www.seattletimes.com/business/microsoft/paul-allens-will-sheds-little-light-on-what-will-happen-to-estate/

Well Duh!!!

Paul Allen’s will sheds little light on what will happen to estate
Originally published November 8, 2018 at 4:31 pm Updated November 8,
2018 at 5:01 pm
Paul Allen smiles during the dedication of the Paul G. Allen Center for Computer Science & Engineering at the University of Washington in 2003.
(John Froschauer / The Associated Press
Paul Allen smiles during the dedication of the Paul G. Allen Center for Computer Science & Engineering at the University of Washington in 2003.
(John Froschauer / The Associated Press

Paul Allen’s last will and testament, made public Thursday, does not
offer specifics on the late billionaire's assets, but rather points to a
trust established decades ago.

Share story
Rachel Lerman By Rachel Lerman
Seattle Times technology reporter
Paul Allen’s last will and testament does not offer specifics on the
late billionaire’s assets, but rather points to a trust established
decades ago.

Allen’s six-page will was filed with King County on Oct. 24, the same
day his sister, Jody Allen, announced she was designated the executor
and trustee of his estate.


Allen died Oct. 15 at age 65 from complications of non-Hodgkin lymphoma.
The Microsoft co-founder operated a lengthy list of business and
philanthropic initiatives that helped shape the Puget Sound region,
including owning the Seattle Seahawks, donating significantly to the
arts community and scientific research, and running the multifaceted
Vulcan Inc., which reshaped the real-estate landscape of South Lake Union.

The will puts his assets into a 25-year-old living trust, where their disposition is not expected to be made public. Forbes has estimated his
wealth at $20 billion.

Paul Allen’s legacy
Seattle skyline to glow blue for Paul Allen Nov. 3 and 4
Paul Allen's sister Jody named executor, trustee of late billionaire's
estate
Speaking of Business: Without Traf-O-Data, ‘Microsoft might not have happened’
Rip City legend: Portland Trail Blazers' season opener doubles as a
memorial for owner Paul Allen
Paul Allen invested in Seattle the old-fashioned way | Jon Talton
How Paul Allen quietly saved an Orcas Island preschool
The will also sets out a list of successors if Jody Allen declines, or
is unable, to serve as executor. She may appoint someone, or it would
next fall to Nancy Peretsman, the managing director of investment firm
Allen & Co., which is not connected to Allen. After Peretsman, the duty
would fall to lawyers Allen Israel and Nicholas Saggese.

Jody Allen said last month that “I will do all that I can to ensure that Paul’s vision is realized, not just for years, but for generations.”

Several tributes for Allen have been held in the past month, including
an effort last weekend that lit much of the Seattle skyline blue.

Allen signed the will on July 18, with two Vulcan employees as witnesses.

Rachel Lerman: rlerman@seattletimes.com; on Twitter: @rachelerman.

Comments include

@rachelerman.
View 5 Comments
No personal attacks or insults, no hate speech, no profanity. Please
keep the conversation civil and help us moderate this thread by
reporting any abuse. See our Commenting FAQ.
You must be logged in to leave a comment. Log in or create an account.
11 People Viewing


Newest | Oldest | Top Comments
fletc3her 1 hour ago
Walking around the city I know how the Seahawks game is going based on
the cheers or groans that reverberate out from all the sports bars. What
Paul Allen decided to do with the team he owned is a lot more relevant
to the future than any of the daily headlines about trades or injuries.

It sounds like he substantially left his entire estate to his sister's
care. Jody Allen is now effectively owner of the Seahawks, owner of the Trailblazers, has an interest in the Sounders, MoPop, the Living
Computer Museum, Vulcan, the Allen Institutes, several other companies,
and the world's two biggest yachts.

Expect to be hearing about Jody Allen for years to come as we find out
whether her obsessions mirror her brother's.

Share
User92078 15 hours ago
Bottom line: It's really none of your business or mine. It will be for
Jody and her delegated indivduals or entities to determine in accordance
with Mr. Allen's wishes as defined in the living trust. Period. RIP,
sir. It was an honor and a pleasure to have worked at Vulcan for the
better part of a decade during the early 2000's. The best of
times...thank you.

Share

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)