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.
Contributed by MH Phoenix Estate Planning Attorney, Andrea Claus.
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