The four children of Otto H. Kahn, who died March 20, receive his entire estate, valued at “more than $15,000, with real property at more than $5,000 and personal property at more than $10,000.” according to the terms of his will, filed for probate yesterday in Surrogate’s Court.
The children who will share the estate are; Gilbert W. Kahn, 912 Fifth avenue; Roger W. Kahn, 7 Gracie Square; Mrs. Maud E. Marriot, London, and Mrs. Margaret Ryan, 1100 Fifth avenue.
In addition to receiving one-fourth of the residue and one-fourth of the personal effects, the two sons will get $150.000 each in cash. Mrs. Marriot and Mrs. Ryan each receive one-fourth of the personal effects and one-fourth of the residue. The bequest to Mrs. Marriot is left in the form of a corporation bearing her name.
No provision was made for Mr. Kahn’s widow, Mrs. Addie W. Kahn, the will stating that she is “otherwise adequately provided for. She is acquainted with the contents of this will and they have her unqualified approval.”
WILL MADE LAST YEAR
The will, which was dated June 26, 1933, was accompanied by a codicil dated July 5, 1933, and names as executors Roger W. Kahn, Mrs. Addie Kahn. Benjamin Buttenweiser, 1125 Park avenue, and George W. Bovernizer, 1305 Albemarle Road, Brooklyn.
While no actual provision is made in the will for the late banker’s employees, it contains a request that Mrs. Kahn and the children distribute among them whatever sums they deem fit. “From their own knowledge of the circumstances,” the will states, “they may determine which, if any, of my employes, whether employed in connection with my office or household, shall receive by way of remembrance any sum or sums of money and that they shall make to such persons such distributions as may seem fit and proper to them in their own discretion. This is a request only and is not to be deemed in any sense binding upon them.”
The will was drawn by Stroock and Stroock, attorneys at 141 Broadway, and Cravath DeGersdorf, Swaine and Wood, attorneys at 105 Broad Street.
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