The Los Angeles Times provides elaborate details about Michael Crichton’s heirs and who will benefit from the $100 million sale of his art collection at Christie’s this May. Even though Crichton was on the board of LACMA, no art was bequeathed to a museum in his will:
Brett Gorvy, deputy chairman of Christie’s Americas, said he expects the sale to bring in about $100 million. The money will go to Crichton’s widow, children and other heirs and to pay estate taxes. The rules of inheritance for wealthy individuals such as Crichton are rarely simple, and they have provided drama in this case, which combines vast wealth and valuable works of art.
Crichton’s 2007 will provided for the vast majority of his assets, including his art, to be placed in a private trust benefiting his fifth wife, Sherri, his then-teenage daughter from a prior marriage and other family members, friends and employees as well as a charitable foundation. At the time of his death from cancer the following year, his wife was six months’ pregnant with their son, John Michael Todd. The will did not provide for the unborn child.Continue Reading