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Uncovered in Death: Elderly Twins Were Millionaires

Kathleen and Robert Magowan were a pair of elderly twins working middle class jobs and living in a middle class home. Kathleen was a long-time first-grade teacher and Robert was an insurance agent who’d made a few good investments in the 60s and 70s.  No one near the pair suspected the two had been quietly amassing a fortune over the years.

According to those who knew the twins, the pair lived quite frugally until their deaths.  Robert died in 2010, and Kathleen died one year later, a resident of a care facility.  Everyone who knew the twins were shocked to discover that they’d left behind a ten million dollar estate.  More amazing than the twins’ fortune was their generosity.

According to reports, Kathleen left more than five million dollars to fifteen charities, relatives, and neighbors. She left about $500,000 to the area's public schools and $500,000 to her alma mater.  She also gave substantial gifts to her assisted living facility and her local Catholic parish.

Kathleen was generous and seemingly precise in her gifts.  We look forward to helping make sure your assets are distributed in whatever manner you see fit.

Andrea-C-Web-2013Contributed by MH Phoenix Estate Planning Attorney, Andrea Claus.

What the Attorneys of Morris Hall Can Do For You:
The attorneys at Morris Hall have 100’s of years of combined experience ensuring that families’ assets are protected from probate, unnecessary taxes, creditors, ex-spouses and Medicaid spend-down.  The attorneys also help those in Arizona and New Mexico to apply for and receive Medicaid assistance and Veterans Benefits.  Our Arizona offices are located in Phoenix, Mesa, Scottsdale, Cave Creek, Tucson, Prescott, Flagstaff and Arrowhead.  Our New Mexico offices are located in Albuquerque, Las Cruces and Santa Fe.  Contact us today at 888.222.1328 to schedule an appointment!

This blog should be used for informational purposes only.  It does not create an attorney-client relationship with any reader and should not be construed as legal advice.  If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.

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