Three Jewish charitable institutions were named as contingent legatees in the will of Paul E. Thalmann, a former member of Ladenburg, Thalmann and Co., who died February 3, 1933, it was disclosed yesterday when the estate of the deceased was filed for appraisal in the office of the State Transfer Tax Department. The estate was appraised at $1,793,793 gross and $1,603,422 net. Stocks and bonds, valued at $1,040,567, were declared the chief assets.
After making provision for bequests of more than $300,000 to relatives, not of his immediate family, friends and employes, Mr. Thalmann left the residuary estate in trust for the benefit of his widow, Regina, of 895 Park avenue, and a brother, Edward E. Thalmann, of Beverly Hills, Cal.
The will further provides that on the death of the widow the remainder of her trust fund is to go to her children, should any be born as a result of a second marriage. The deceased, himself, left no children. Edward E. Thalmann, the brother, would then become the beneficiary of the trust fund left to the widow.
If there are no children to become heirs of both the widow or the brother after their deaths, however, the will directs that the residue of their trust funds be divided equally among three institution, the New York Association for the Blind, the Hebrew Orphan Asylum of Manhattan and the Lenox Hill Hospital.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
