Walt Disney's last words were: "Kurt Russell." The famed animator supposedly wrote the actor's name on a slip of paper just before he died. Even Russell, who was 15 when Disney died, isn't sure why (or if it's even true). Disney had been a heavy smoker since World War I. He did not use cigarettes with filters, and had smoked a pipe as a young man. In November 1966, he was diagnosed with lung cancer and treated with cobalt therapy. On November 30 he felt unwell and was taken to St. Joseph Hospital where, on December 15, ten days after his 65th birthday, he died of circulatory collapse caused by lung cancer. Disney's remains were cremated two days later, and his ashes interred at the Forest Lawn Memorial Park in Glendale, California.
His estate included a 14 percent holding in Walt Disney Productions worth $20 million. He left 45 percent of his estate to his wife and children?-??much in a family trust?-??and 10 percent to his sister, nieces and nephews. The remaining 45 percent went into a charitable trust, 95 percent of which was designated for CalArts, to build a new campus (a figure of around $15 million); he also donated 38 acres of the Golden Oaks ranch in Valencia for construction of that school. The university moved there in November 1971.