Word: clarks
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Harvard, not family relatives, should inherit the $3.5 million in a trust established by the mother of former Sen. Joseph S. Clark Jr. ’23, a Pennsylvania appellate court ruled two weeks...
...trust was created by Kate R. Avery Clark in 1942 for her son Avery B. Clark, Joseph’s brother. A three-judge panel of the Pennsylvania Supreme Court—upholding a lower court’s decision—found valid a 1949 amendment that Kate Clark added, naming Harvard as the recipient if no one else qualified under the original trust terms...
...Joseph Clark Jr.’s daughter, Noel Clark Miller, and the estate of his late son, Joseph S. Clark III ’50, asserted that the money is rightfully theirs, because Kate Clark intended to keep the money in the family. They said that an unlikely series of deaths is the reason Harvard may stand to inherit the trust’s money...
William C. Bullitt ’68, the Philadelphia lawyer representing Miller and Joseph Clark III’s estate, said yesterday that his clients are filing for a reargument of the case before the entire 15-judge Superior Court. The petition must be approved by a vote of the judges and will be decided within 60 days, according to the court’s internal operating procedures...
...court decision in 1949 threatened to expose the trust to further tax liability if any chance existed that the money could return to Kate Clark. As a result, she amended the terms to name Harvard the recipient of the trust money if no other heir survived...