A year later, and the estate of Chanel creative director Karl Lagerfeld is not yet finalized. However, some details have emerged that, while Lagerfeld’s cat Choupette is an heir, she isn't the only one who will inherit a share of Lagerfeld’s grand fortune.
The seven beneficiaries are trying to access Lagerfeld's assets that include real estate in Paris and Monaco, a bookstore and designer furniture.
Choupette is a blue-cream tortie Birman cat who was owned by German fashion designer Karl Lagerfeld from around December 2011 until Lagerfeld's death in February 2019 at the age of 85.
The designer’s feline has her own agent and, according to The New York Times, at the height of her fame she had two minders, a bodyguard, a concierge veterinarian and a personal chef.
Wealth Advisor’s article entitled “Karl Lagerfeld's cat is locked in inheritance battle” says that Lagerfeld's "trusted" accountant for many decades, 87-year-old Lucien Frydlender has been named to manage the creative director's finances. In addition, Frydlender is responsible for distributing the estate, according to Lagerfeld’s will.
However, an investigation by French publication Le Parisienfeatured in Voici magazine found that Frydlender hasn’t been taking calls from the beneficiaries. The magazine also says that "after closing his office in September 2019, the former collaborator of Karl Lagerfeld has simply disappeared from the radar," raising questions for those involved.
Frydlender's wife has defended her husband and assured the public that there's nothing suspicious going on. She says he’s not "on an island paradise with a hidden treasure." Instead, she tells reporters that he’s "very sick".
When Choupette the cat will get her inheritance and what that will look like is unknown. It’s been more that a year since the death of her owner, Lagerfeld. Choupette fans have been concerned for the pet, but the cat isn’t scrounging in garbage cans: she made over $4 million in 2015.
"People came by the store and said how sad they were, and half of it was about Choupette," Caroline Lebar, head of communications for the Karl Lagerfeld brand, admits. "They'd say, 'If she's alone, I'll take her home.'"
However, Lebar promises Choupette is in safe hands, living in Paris with Lagerfeld's former housekeeper Françoise Caçote. "She is in good shape, and is surrounded by love."
Reference: Wealth Advisor (June 9, 2020) “Karl Lagerfeld's cat is locked in inheritance battle”
Larry King's widow Shawn is set to go to court over a recently discovered hand-written will that cuts her out of a share of his fortune.
Fox News reports in the article entitled “Larry King's widow Shawn King plans to contest star's will in court” after King's handwritten will was discovered. The will is said to say that his $2 million estate would be divided among his five children.
The document is said to have been drafted on October 17, 2019—just two months after Larry filed for divorce from Shawn. The new will doesn’t mention her at all and also lists his now-deceased children Chaia and Andy as beneficiaries. This will was written a few months before the loss of 65-year-old Andy and 51-year-old Chaia, who died within weeks of each other.
Larry’s three remaining children -- Larry King, Jr., 59, Cannon, 20, and Chance, 21 -- were also named. Cannon and Chance are King’s children with Shawn. However, Shawn contends that there was already a plan in place between she and King that wasn’t reflected in the alleged document.
"We had a very watertight family estate plan," she told Page Six of a plan she and her husband drew up "as a couple" in 2015.
"It still exists, and it is the legitimate will. Period," she remarked. "And I fully believe it will hold up, and my attorneys are going to be filing a response, probably by the end of the day."
The handwritten will is complicated by the deaths of his children in 2020; in addition, Larry also told Page Six before his death that he and Shawn had once again become close. However, it is not known if the divorce was still moving forward.
Shawn also said that she and her husband spoke daily and claimed she was never made aware of an amendment to his will.
"It beats me!" she said when asked why she thinks Larry drafted the new document.
Their two sons were also "shocked" to hear about the change, she said, and claimed they "are not happy about this."
Shawn also said she thinks someone exerted influence over the broadcast legend to have him write the new will, although offered no additional evidence of this contention.
"Based on the timeline, it just doesn’t make sense," she said, noting that she doesn't believe he would have cut her out due to the filing of divorce papers.
According to People magazine, Larry King allegedly wrote in the document, "This is my Last Will & Testament. It should replace all previous writings. In the event of my death, any day after the above date, I want 100% of my funds to be divided equally among my children Andy, Chaia, Larry Jr., Chance & Cannon."
It looks like under the current will, Shawn would likely get around $300,000 after the $2 million estate was divided among King's sons and presumably the survivors of his late children. However, she says it’s the principle.
Larry King's attorney said that while the firm has no comment on Shawn's position, they feel that "the will, which we will be asking the court to admit to probate on March 25th, reflects Larry’s intent to divide his estate equally among his children."