Another Rockwell masterpiece drives family apart

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NR0112~Saying Grace Posters Another Rockwell masterpiece drives  family apart
Regular readers will recall the tale of “Breaking Home Ties,” the Norman Rockwell painting that turned out to have been a forgery after HENRY cartoonist Don Trachte hid the original from his soon to be ex-wife. Well, the NY Times reports on another Rockwell-inspired family spat, this time among the three sons of Saturday Evening Post art director Kenneth J. Stuart, the man Rockwell credited with helping his career more than anyone. Stuart came into possession of several original Rockwells, but following his death they have become the source of a bitter squabble among his sons:

When the urbane Mr. Stuart died in 1993, he left everything to his three sons — Ken Jr., William and Jonathan — in equal shares. The artwork was the crown jewel of an otherwise middle-class man’s estate, and by all rights, dividing three paintings among three brothers ought not to have been hard.

But two of the brothers, William and Jonathan, have spent 13 years fighting in court against their older brother, Ken Jr., saying that he took advantage of their ailing father, forcing him to sign papers to gain control of the entire fortune. The younger Stuarts charge that Ken Jr., who has been self-employed since 1991, used estate assets to enrich himself at their expense and support a lifestyle that included alimony for his first wife, a $5,000 Rolex for his soon-to-be second wife, $44,500 for a cello and bow for his daughter, and a $16,000 time-share for himself in New Orleans.


While two of the sons resist selling the paintings, the article points out that as time passes they become more and more valuable. (Trachte’s real Rockwell sold for over $15 million.) The details of the feud are just sad and petty; money changes everything indeed.

All three brothers say they are proud that Rockwell credited their father with playing an important role in his legacy. In a joint interview, Jonathan, 60, compared the infighting to “War and Peace,” and William, 63, recalled urging Ken Jr., now 65, to tote up whatever he owed the estate and make amends rather than force the dispute into court and make the “family look bad.”

Interviewed separately, Ken Jr. said he had done well by his brothers and blamed poor record-keeping. “The real nucleus of this problem is that I am the favorite of both my parents,” he said. “My brothers don’t like it and couldn’t do anything about it when my dad was alive, so this is what they did after he died.”

Comments

  1. James Van Hise says:

    The guy died 13 years ago so it would have gone through probate back then, the estate divided and then dissolved. There is no longer an “estate” to be owed money to. If anyone wanted to contest the will they needed to do so 13 years ago.

  2. Capper says:

    The estate could still be open after 13 years. If there is still a disagreement between the beneficiaries of the estate as to what belongs in the estate or if there is a question about the best way to distribute the assets to avoid tax consequences, the estate would remain open. If Ken Jr. is the executor of the estate (which could explain the reference to “papers” signed which allowed him to “gain control of the entire fortune”) and the brothers are disputing actions he took as the executor, then the estate would remain open. A will would not control the administration of the estate, and when there are millions of dollars involved it isn’t just a simple matter of opening the estate, probating the will, distributing assets, paying taxes and closing the estate. Large estates can be complicated and can take years (and lots of attorney fees) before they are closed.

  3. Hmmmm….better talk to my three sons about all the original Power of Shazam! pages I have in the basement…;)

  4. stanley says:

    parts of this story appear to be missing – what’s interesting is how an estate that would have netted each brother 500K if distributed in 1993 when the father died will now net them more than $5,000,000 each – that’s better than most investment professionals would have done – must be some pretty good estate planning in the back story here -

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