Lady Bird Johnson Leaves Estate To Her 2 Daughters

AUSTIN, Texas (AP) _ Lady Bird Johnson's will calls for her entire estate to be left to her two daughters, Lynda Johnson Robb and Luci Baines Johnson. <br/><br/>Claudia ``Lady Bird'' Johnson,

Wednesday, August 22nd 2007, 7:28 am

By: News On 6

AUSTIN, Texas (AP) _ Lady Bird Johnson's will calls for her entire estate to be left to her two daughters, Lynda Johnson Robb and Luci Baines Johnson.

Claudia ``Lady Bird'' Johnson, the wife of former President Lyndon B. Johnson, died last month at the age of 94.

Johnson, noted for environmental conservation efforts, also built a business empire with her own money, including multimillion-dollar holdings in radio and TV stations, banks and real estate. She held stock in the LBJ Holding Co., which comprises securities, including stocks and bonds, and some real estate and private equity.

Her will, which was filed Monday, directed that all debts and taxes be paid by the Claudia T. Johnson Lifetime Trust.

The filing did not include an inventory and appraisal of her estate. Walker Arenson, an Austin attorney, said that's normally required within 90 days, though extensions are usually granted when estate taxes are involved.

``It could be two years before we get a public inventory,'' he said.