Death and Inheritance
Wildenstein died in 2001 at the age of 84 in a Paris hospital. He was survived by his wife and sons. Guy Wildenstein assumed responsibility for the art dealership while Alec Wildenstein inherited control of the family's horse racing and breeding operations.
After his death, Wildenstein's fortune became the subject of an extended legal dispute. In 2005 the Court of Appeal in Paris ruled that Sylvia Wildenstein had been deceived into signing away her inheritance by her stepsons, who claimed that she would otherwise face huge tax bills and a possible criminal investigation. In fact Wildenstein had placed two paintings, a Fragonard and a Boucher, with the investment bank Lazard Frères to cover his estate's tax liabilities. The court ruled that Sylvia Wildenstein was entitled to half of her late husband's personal estate, much of which she claimed had disappeared into foreign trusts, and ordered her stepsons to pay 20 million euros as an advance on a fortune described by The New York Times as having been "variously estimated from 43 million to 4 billion euros". In 2010 Sylvia Wildenstein pursued a criminal case alleging that this tax evasion had been ignored by French ministers connected to her stepson Guy Wildenstein through his involvement with the political party the UMP.
Read more about this topic: Daniel Wildenstein
Famous quotes containing the words death and, death and/or inheritance:
“It is easy to face Death and Fate, and the things that sound so dreadful. It is on my muddles that I look back with horror—on the things that I might have avoided.”
—E.M. (Edward Morgan)
“The One remains, the many change and pass;
Heaven’s light forever shines, Earth’s shadows fly;
Life, like a dome of many-coloured glass,
Stains the white radiance of Eternity,
Until Death tramples it to fragments.”
—Percy Bysshe Shelley (1792–1822)
“Every third year you shall bring out the full tithe of your produce for that year, and store it within your towns; the Levites, because they have no allotment or inheritance with you, as well as the resident aliens, the orphans, and the widows in your towns, may come and eat their fill so that the LORD your God may bless you in all the work that you undertake.”
—Bible: Hebrew, Deuteronomy 14:28,29.