NATION IN BRIEF : DELAWARE : Settlement of Hughes Estate OKd by Court
From Times Staff and Wire Reports
Delaware’s largest probate case--that of eccentric industrialist Howard Hughes--has received settlement approval from the state’s Chancery Court, which valued the estate’s assets over which it had jurisdiction at $1.1 billion. About $42 million in cash is to be distributed to 60 heirs of Hughes, who died in 1976 without a will. With the Delaware settlement, only California and Texas have open probate administrations of the estate, whose total value is said to be about $2 billion.
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