Liberace Estate Left to Foundation
Entertainer Liberace’s multimillion-dollar estate will be placed in a trust and the main benefactor will be the foundation he created to support students in the creative arts, his lawyer said Friday.
“The bulk of his estate will go to the Liberace Foundation for the Performing and Creative Arts because of his love for enhancing students’ lives,” attorney Joel Strote said. “He always felt the foundation was his greatest accomplishment.”
The five-page will was drawn Jan. 22, 1987, two weeks before Liberace’s death from AIDS-related pneumonia at his Palm Springs home. The will, filed in Clark County Probate Court here earlier this week, left all of Liberace’s property to the trust, with Strote named as trustee.
The will did not give any breakdown of the property involved in the estate, and Strote said he had just begun the “enormous job” of trying to sort out Liberace’s holdings.
He did not know the value of the estate but said it would be substantial.
The Liberace Foundation was established in 1979 and provides funds to 22 colleges and universities across the nation.
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