Sunday, September 2, 2007
William Walkerley (1818-1887)
In 1887 William Walkerley died in East Oakland leaving an estate valued at $650,000*. He left a young widow to whom was born a son shortly after her husband's death. Numerous claims against the estate were made and the case landed in the California Supreme Court. The issue at hand was whether a trust could be made in perpetuity. Numerous heirs were paid off in an out of court settlement and the widow reportedly received $500,000.
The son, Willie Walkerley, died at the tender age of six.
* The value of his estate has variously been listed as anywhere from $650,000 to $40,000,000.
Posted by Michael at 9:32 PM