Wealth often goes to waste when clients forget to create a will, one advisor said in the wake of a recent article by the New York Times about a Holocaust survivor who left an estate worth almost $40 million -- to no one.
"When Roman Blum died last year at age 97, his body lingered in the Staten Island University Hospital morgue for four days, until a rabbi at the hospital was able to track down his lawyer," the article by Julie Satow begins. Blum, a hugely successful real estate developer, left behind no heirs and no surviving family members. His former wife died in 1992 and the couple was childless. His estate is now the largest unclaimed estate in New York State history, according to the state comptrollers office. Great news for New York State.
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