Settlement reached in Astor estate fight
WHITE PLAINS | The long dispute over the estate of socialite philanthropist Brooke Astor ended Wednesday with a settlement that frees $100 million for charities and cuts by more than half the amount going to the son convicted of bilking her.
The agreement among Astor’s descendants and the New York institutions she loved ended a five-year legal fight that the judge feared would consume the entire estate. Astor died in 2007 at the age of 105.
Westchester County Surrogate Judge Anthony Scarpino signed the agreement Wednesday afternoon. State Attorney General Eric Schneiderman announced the details, saying the settlement principally benefits the Metropolitan Museum of Art, the New York Public Library and New York City’s public schools.
He said it cuts by more than half — to $14.5 million — the amount going to Astor’s son, Anthony Marshall.