To receive money from the trusts, the grandsons are required under the will to visit the grave each year of their father, Jay Panzirer, Mrs. Helmsley’s only child, who died on March 31, 1982. “If DAVID or WALTER fails to visit the grave during any calendar year, her or his interest in the separate trust established for her or his benefit shall be terminated at the end of such calendar year,” with the principal treated as though the grandson “had then died,” the will states.
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Source:
New York Times
