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Leona Helmsley's Dog Loses $10 Million of Trust Fund

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Leona Helmsley and Trouble (AP)

Leona Helmsley's beloved pooch, Trouble, will have to live the high life on a lot less.

The Maltese, 9, lost $10 million of her $12 million trust fund to charity after a judge signed off on a deal that gives the late billionaire's disinherited grandchildren a piece of the Helmsley fortune, the New York Post reports.

The deal, approved by the New York State Attorney General's Office and Surrogate's Court Judge Renee Roth, reduces Trouble's trust fund to $2 million, placing the rest of the money into Helmsley's multibillion-dollar charitable foundation, the paper said.

Disinherited grandchildren Craig Panzirer, 40, and Meegan Panzirer Wesolko, 37, will now receive $4 million and $2 million respectively, the Post said.

Trouble is living in Florida with Carl Lekic, the general manager of the Helmsley Sandcastle Hotel, the paper said. The dog's annual expenses are around $190,000, he said.

Click here to read the full report at the New York Post.