December '14

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January '15
Next Month
The Art of Giving: Wills of Famous WomenThursday, May 162:00 pmThe Art of Giving: Wills of Famous Women
Jacqueline Kennedy Onassis and Doris Duke were extremely private women in life. Yet after their deaths, their Wills became public documents for the world to view and scrutinize. How did this happen? Was it necessary? Michael McCarthy, a trusts and estates attorney who participated in drafting versions of these and many other Wills during his private practice, will lead us in a discussion of these issues. With a copy of each of these Wills in hand, we will perform an anatomy of a Will. How did these famous women handle gifts of their tangible personal property? What provisions were made for cash bequests to family members, friends and employees? Outright or in trust? How did they devise the substantial real estate holdings of homes and farms? What provisions were made for charity? What are the issues involved in the creation of a house museum? Whom did they choose to handle the responsibilities of executor and trustee? What are the lessons that can be learned by the eventual administration of these estates? Throughout the discussion, the Wills will be compared and contrasted, and questions will be encouraged.

About the Speaker
Michael E.S. McCarthy
Managing Director and Chief Fiduciary Executive U.S. Trust

Michael E.S. McCarthy is a managing director and chief fiduciary executive for the central and west divisions of U.S. Trust. Prior to joining U.S. Trust, Michael was the western region managing director, chief fiduciary officer, and director of the Wealth Analytics Group at Deutsche Bank. He practiced law for 14 years with Milbank, Tweed, Hadley & McCloy in New York and Los Angeles, specializing in estate planning and structuring charitable gift transfers for affluent families. Michael received his B.A. from Holy Cross College; his M.A. in philosophy, politics and economics from Oxford University, England; and his J.D. from Columbia University School of Law, where he was the executive editor of the Law Journal. He currently serves on the Paintings Conservation Council at the J. Paul Getty Museum, and has served on the board of directors of Common Ground and Project New Hope, both of which he founded in Santa Monica, California.