In a shocking disclosure, L’Wren Scott‘s will has bequeathed her entire fortune to that of her long term boyfriend, Rolling Stones frontman, Mick Jagger. The will puts into question why she chose to bequeath her assets to the rocker and why she cut out her family. It also puts into question what will Mick Jagger choose to do with the money now in his possession. Assuming it is not contested as has been speculated.
Probate documents obtained by the paper detailed that Miss Scott owned a condo at 200 Eleventh Avenue in Manhattan worth $8million and another $1million in ‘tangible personal property and various other assets,’
In her will the late designer purposefully made sure that there was no misunderstanding that her entire assets would solely be going to that of Mick Jagger and that her relatives would be excluded. Not surprising perhaps considering that the late designer had not spoken to her sister, Jan Shane in six years since the passing of their parents.
Yet strangely her brother, whom she appointed a director of her fashion line, LS Fashion Limited, last year was omitted from her will, raising questions what discord may have existed between her and her brother. And why indeed she chose to leave all her assets to Mick Jagger who himself valued at $305 million is hardly in want for extra cash.
Wrote L’Wren Scott in her will: ‘Expect if otherwise provided in this will, I have intentionally omitted to provide herein for any other my heirs living at the date of my death.’
Remarked conspicuously Randolph Bambrough, L’Wren Scott’s brother: ‘I haven’t heard anything at all about a will, other than there’s supposedly one out there.’
Wrote Scott in her will: ‘I give all my jewelry, clothing, household furniture and furnishings, personal automobiles, and other tangible articles of a personal nature . . . to Michael Philip Jagger,’
Her main asset was the Chelsea condo where she hanged herself with a scarf March 17. An asset which Mick Jagger had acquired for the designer in her name.
But what is odd about the will is the fact that the designer left mounting business debts, including unpaid wages to the tune of $6.8 million dollars and had irked the rocker when she had taken a lien against her Chelsea home (acquired for for $5.6 million through a management company owned by Jagger) after Jagger took to paying off the balance of her outstanding $3 million mortgage only to find out in horror later that the designer had gone behind his back and remortgaged the apartment to continue her business operations.
That in turn may have led to some degree of discord between the pair as Jagger was said to be not particularly thrilled that his long term girlfriend had ostensibly used his money for reasons other than he had bequeathed, forcing the question if by choosing to leave her assets to Jagger she was simply trying to make good on her errant ways to the rocker? It is believed the rift may have led to their separation late last year when the couple were last publicly seen together before the rocker took to touring without her.
At present it is not understood what the late designer’s legal obligations were (rumored to be circa $6 million) and whether those must be paid off before any of the remaining balances is passed on to Mick Jagger.
Under New York state law, because Jagger is the sole heir of Scott’s estate, he has also inherited her debts.
Commentators on the web have since wondered whether Mick Jagger will do the right thing and pay off the designer’s debts (assuming her assets are not automatically applied to this matter or if debtors come after her assets) whilst others have wondered if he will choose to donate part of it to charity or even make the gesture of bequeathing part of it to her less than well to do family.
And there were these comments that made me wonder:
She didn’t have the decency or forethought to give it to charity. She was a selfish and vain person. Even her suicide was a vengeful act because life and people around her didn’t treat her like a queen.
Enough about this women. She could have sold the condo to settle her bills and still have more left than many will see in a lifetime. She also knew what type of person Jagger is and he was under no obligation to marry her.
it wasn’t a “gesture of love.” he bought the apartment, she gave it back. she would have had to sell it to settle the debts on the business. even if not, given that jagger was shipping her out and the business was going under, she couldn’t have afforded the monthly association fee and other huge costs of those apartments even if you own outright. jagger will probly settle the debts, and she honorably gave back the apartment for that. the “gesture”? Well, rumor has it that during a fight over her encumbering the apartment to try to save the business, he told her, “call me when you get your problems straightened out.” perhaps this little bequest is her reply to that.