The Colonel's 19-year-old widow Madeleine received the annual income from a $5 million trust fund (about $ million in dollars), supplemented by an annual payment of $500,000 (about $ million in dollars), as well as use of his New York mansion at 65th Street & Fifth Avenue, all its furnishings, and his Newport mansion Beechwood and all of its furnishings, the pick of whichever luxury limousine she wanted from his collection, and five of his prized horses, provided that she did not remarry. While not listed by name, Jakey's father's will mentioned that any surviving child other than his children Vincent and Ava would receive a bequest of $3 million, to be held in trust until the child reached age 21. Jakey inherited the $3 million on his 21st birthday, which by that point had grown to $5 million (about $ million in dollars). When Madeleine died in late March 1940, she left him a diamond solitaire ring worth $50,000 (about $ in dollars) and a pearl necklace worth $1,525 (about $ in dollars).