The estate of Irving Bloomingdale, department store owner, who died October 15, 1929, was filed for appraisal at the New York State Transfer Tax Department yesterday. The estate, valued at $9,519,228 gross and $8,497,026 net, will be divided among Mr. Bloomingdale’s relatives.
After making specific bequests the will leaves the residuary estate in trust, from which a yearly income of $72,000 is to be paid to Mr. Bloomingdale’s former wife, Rosalie Banner Bloomingdale of Paris.
The principal of this and another trust will go on their termination to Mr. Bloomingdale’s widow, Jeanne Hughes Bloomingdale of this city. The balance of the income from the residuary estate after the other trusts have been set up, together with $66,000 a year, will also go to Mrs. Bloomingdale.
A trust fund of $2,000,000 is laid aside for Mr. Bloomingdale’s son Donald, from which $500,000 is to be paid him when he reaches the age of thirty-five.