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Story
November 26, 1937
The Midland Journal
Rising Sun, Cecil County, Maryland
What is this article about?
The estate of motion picture producer Irving G. Thalberg, valued at $4,469,013 gross ($2,244,000 net) in Los Angeles probate court, will fund trusts for widow Norma Shearer and their two children after family bequests.
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Thalberg's Millions
AN INVENTORY filed in probate court at Los Angeles placed a gross value of $4,469,013 on the estate of Irving G. Thalberg, motion picture producer. The net estate will amount to about $2,244,000.
After several cash bequests to members of the family the remainder will be divided into three trust funds of about $629,000 each. The income from one of those will go to Norma Shearer, his widow, for the remainder of her life. Their two children are to receive the income from the remaining two funds until they are thirty-five years old, then the principal.
AN INVENTORY filed in probate court at Los Angeles placed a gross value of $4,469,013 on the estate of Irving G. Thalberg, motion picture producer. The net estate will amount to about $2,244,000.
After several cash bequests to members of the family the remainder will be divided into three trust funds of about $629,000 each. The income from one of those will go to Norma Shearer, his widow, for the remainder of her life. Their two children are to receive the income from the remaining two funds until they are thirty-five years old, then the principal.
What sub-type of article is it?
Biography
What themes does it cover?
Family
What keywords are associated?
Estate Inventory
Inheritance
Trust Funds
Probate Court
What entities or persons were involved?
Irving G. Thalberg
Norma Shearer
Where did it happen?
Los Angeles
Story Details
Key Persons
Irving G. Thalberg
Norma Shearer
Location
Los Angeles
Story Details
Inventory of Irving G. Thalberg's estate valued at $4,469,013 gross, netting about $2,244,000. After cash bequests, remainder divided into three trust funds of $629,000 each: one for widow Norma Shearer for life, two for children until age 35 then principal.