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Julie Garber

Andy Rooney of 60 Minutes Fame Leaves $9 Million Estate to His Children

By March 14, 2012

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The Last Will and Testament of Andy Rooney, the longtime commentator on 60 Minutes who died back in November 2011, has been filed for probate in Manhattan Surrogate's Court. According to the New York Daily News, the will leaves the entire estate, which is comprised of $8 million in stocks, bonds and cash and $1 million in real estate, to Mr. Rooney's four children, Brian Rooney of Los Angeles, identical twins Emily Rooney of Boston and Martha Fishel of Chevy Chase, MD, and Ellen Rooney of London. Mr. Rooney's wife, Marguerite "Margie" Rooney, died in 2004. They had been married for 62 years.

When asked about his father's estate, Brian Rooney said that his father lived "frugally" and "wasn't into fancy estate planning." So based on this statement, apparently Mr. Rooney did not do any estate tax planning. Assuming that Mr. Rooney did not have many liabilities and no assets passed outside of his probate estate, then this means that his estate will owe approximately $1.4 million in federal estate taxes and $916,000 in New York estate taxes, leaving about $6.68 million for his children to split - still not too shabby.

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