Woman leaves $1.1. million to help pay off national debt
A woman who died Nov. 9 at age 98 has bequeathed her $1.1 millionestate to the federal government and requested that it be used to helppay down the $8.1 trillion national debt Taylor, ofFindlay, was a staunch Democrat who believed the national debt shouldbe paid off and she wanted to do her part, Drake said.. Attorney Tom Drake,the executor of Margaret Elizabeth Taylor’s estate, said his clientmade it “very clear” what her fortune was to be used for. Her will wasfiled recently in Hancock County Probate Court. “It’s notwhat I would have advised her to do with it, but she really wasn’tinterested in my opinion,” he said. “In the end, an attorney has tolisten to their client. That’s what I did.” Taylor had no living siblings or children, and her husband died in 1977.”She had told me once that she wasn’t planning on leaving anything tofamily,” cousin Maxine Magoon said. “She didn’t tell me exactly whatshe was going to do with it, but said that a lot of people wouldbenefit.” Treasury Department officials couldn’t remember a larger gift, spokesman Stephen Meyerhardt said Thursday. “It’s the biggest in at least the last 15 years, and most likely thelargest one ever,” he said. “Needless to say, most donations are much,much smaller.” Bureau of the Public Debt records show thatU.S. citizens donated a total of $1.5 million toward debt reductionlast year. Taylor was known in her northwest Ohio communityfor giving to charity, her church and friends. “She was also veryinvolved with her stocks,” Magoon said.
Ed: I think I could have put the money to better use….