Despite solid will, last wishes of art collector thwarted

The story of American art collector Charles Loeser shows a detailed will is no guarantee your client’s wishes will be fulfilled, reports the L.A. Times.

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Two years before Loeser died in 1928, he wrote his will. He left his extensive art collection to various beneficiaries, including the White House.

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He bequeathed eight paintings by famous post-Impressionist painter Paul Cézanne to “the President of the United States of America and his successors in office for the adornment of the White House,” the Times reports.

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Loeser died at age 64, believing his plans for the art were secure. But 85 years later, his wishes have yet to be fulfilled.

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To help your clients write proper wills, check out these articles:

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.