Peter Jennings leaves estate of over $50 million

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Peter Jennings leaves estate of over $50 million

Sat Oct 1, 1:32 AM ET

NEW YORK (Reuters) - ABC News anchor Peter Jennings, who died of lung cancer in August, left an estate valued at more than $50 million, most of which was willed to his fourth wife and to two children from a previous marriage.

Jennings, 67, signed the will on April 21, 2005, 16 days after announcing on his World news Tonight program he had been diagnosed with inoperable lung cancer. He died on August 7 in New York.

His will, filed for probate this week in New York's Surrogate Court, lists $50 million in personal property and $3.5 million in property in New York.

Besides leaving his widow, producer Kayce Freed, 50 percent of the "net marital estate," she also got their Central Park West apartment.

Jennings has appointed trustees to handle the distribution of funds for his two children, Elizabeth, 25, and Christopher, 23. Both children were from his third marriage to author Kati Marton, which ended in divorce.

He also left assets valued at $1 million to the Peter Jennings Foundation, a charity he founded in 1998 that gives money to fight homelessness, drug addiction, illiteracy and hunger.

Besides stock and real estate, Jennings' assets included ownership of a race horse, Channel's Gate and another horse, named Cabin Fever.

CNN.com-October 1, 2005