The Wills, Trusts & Estates Prof Blog recently posted on Washington Post's article discussing the mystery surrounding Hattie McDaniel's Oscar. When Hattie McDaniel was named Best Supporting Actress in 1940, she became the first African American to receive an Academy Award and her Oscar is now worth more than $550,000. McDaniel died in 1952 and bequeathed her Oscar to Howard University's theater department. However, Howard University lost McDaniel's Oscar sometime in the '60s or '70s and the Academy will not issue a replacement due to a long-standing policy of not creating replacements for heirs after the winner's death.
Posted by Wesley J. Bailey, Associate Editor, Wealth Strategies Journal.
Posted by Wesley J. Bailey, Associate Editor, Wealth Strategies Journal.
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