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If Steinbrenner were to retire now, he would leave behind an immensely valuable bequest.
Governments might find it easier to devise a system of compulsory insurance to pay for old people's nursing care than to tussle with a grieving family over the sale of granny's most valuable bequest.
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"The language the grandfather had chosen rendered the bequest even less valuable," Shlaes explains.
Such bequests are extremely valuable, as they allow the University to flexibly and imaginatively meet future needs.
The probate value of the Tapling Collection was set at £12,000 but on arrival Richard Garnett (Assistant Keeper of Printed Books) estimated their value at more than £50,000 and described the bequest as the most valuable gift since the Grenville Library in 1847.
Admission remains free, a condition of the Iveagh bequest, which was the most valuable gift of paintings to the nation of the 20th century.
Working out what to do with it – not valuables, heirlooms or personal bequests, but everyday life-worn objects and clothing – was, she says, a vital part of coming to terms with his death.
The estate tax savings here is much more valuable than the step-up attached to a conventional bequest.
One can once more appreciate the full brunt of J. P. Morgan's obsession with early religious art and small valuable objects, as well as the lavishness of his 1917 bequest to the Met, which included more than one-third of the artworks in these galleries, the Second Cyprus Treasure among them.
Your gift can come in many forms and can be made through cash contributions, gifts of appreciated securities, bequests and planned gifts, or in-kind gifts such as contributions of valuable art.
Bequest secretary, Dundee University.
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