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Domestic News January 21, 1892

The Anaconda Standard

Anaconda, Deer Lodge County, Montana

What is this article about?

Michael Reilly, a Wheeling, W. Va., millionaire, died recently, leaving his estate in trust for his grandchildren's descendants only, excluding his children and grandchildren until all grandchildren are deceased. Trustees are Bishop John J. Kain and Mgr. Sullivan.

Clipping

OCR Quality

95% Excellent

Full Text

People who have a grudge against their immediate descendants but who still wish to keep their money in the family after their demise, are commended to the example of Michael Reilly, a Wheeling, W. Va., millionaire who died the other day, leaving his immense estate to be divided among his grandchildren's descendants only. As the youngest of the grandchildren is now only five years old, and the will provides that not a cent of the money can be touched until all the grandchildren are dead, the prospects of a division of the estate are necessarily remote. No legacies are left to the children or grandchildren. All of the fortune is to be held in trust by Bishop John J. Kain of the Catholic diocese of Wheeling, Mgr. Sullivan and their successors until the terms are complied with. Reilly's children are all grown and married and eminently respectable, and may only become beneficiaries of the estate in case they become destitute, in this event the executors may relieve their wants, but in no case use for the purpose more than is necessary. In point of oddity and general crankiness, Mr. Reilly's will has few superiors on record.

What sub-type of article is it?

Death Or Funeral Legal Or Court

What keywords are associated?

Michael Reilly Wheeling Will Estate Trust Grandchildren Descendants Bishop Kain

What entities or persons were involved?

Michael Reilly Bishop John J. Kain Mgr. Sullivan

Where did it happen?

Wheeling, W. Va.

Domestic News Details

Primary Location

Wheeling, W. Va.

Event Date

The Other Day

Key Persons

Michael Reilly Bishop John J. Kain Mgr. Sullivan

Outcome

estate held in trust until all grandchildren are dead, then divided among their descendants; children and grandchildren receive no legacies unless destitute, with limited relief possible.

Event Details

Michael Reilly died, leaving his immense estate to be divided among his grandchildren's descendants only, with the youngest grandchild aged five. The fortune is held in trust by Bishop John J. Kain of the Catholic diocese of Wheeling, Mgr. Sullivan, and successors. No provisions for children or grandchildren except potential minimal relief if destitute.

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