Showing posts with label Barbara Piasecka Johnson. Show all posts
Showing posts with label Barbara Piasecka Johnson. Show all posts

Friday, April 5, 2013

Maid for Trouble


The woman at the center of the U.S.'s most expensive probate battle died this week in Poland.   Barbara Piasecka Johnson was a maid who worked for J. Seward Johnson, Jr.'s family, of Johnson and Johnson renown.  Within 2 years, then 76 year old Mr. Johnson divorced his second wife and married the then 34 year old servant.  When Johnson died 12 years later, he omitted 5 of his 6 children from his will and left nearly all of his of $500 million to his wife.  The children contested the will alleging undue influence and settled for $40 million.  

Several points:

1.  Mr. Johnson could have provided for both his widow and his children by creating a QTIP trust (a new trust back in 1983) which would have provided assets remaining after his wife's death would be distributed to his children.

2.  Contesting a bequest to a maid on grounds of undue influence is easy.    Contesting a bequest to a maid who has been married to the deceased for 12 years on similar grounds is nearly impossible.  

3.  Marrying someone younger than one's children is rarely a good idea.  It might be better to date her and leave her a condo and a Bentley in a will and preserve family relations.