By William K. Hayes If youve ever read populate. US or Entertainment Weekly or watched any of the similar television shows you might be interested to know how some famous celebrities left their assets upon their deaths. If they left a Will and not a Trust you can sight out: Its public preserve. Thats alter you can go right to the courthouse and see their Wills for yourself! Gerry Garcia left all of his guitars to Douglas Erwin. John Lennon wanted Sam Green to be Guardian of his children if Yoko Ono was not living at his death. Elvis Presley left his assets for the benefit of his daughter. Lisa Marie Presley his grandmother. Minnie Mae Presley and his father. Vernon E. Presley. Elvis Will provided that his assets were to go outright to Lisa Marie on her twenty-fifth birthday. Joe DiMaggio left $100,000 to his nephew of the same label. DiMaggios only sons children were both adopted. DiMaggio left trusts of at least $250,000 for each great-grandchild. He left 45% of what was left to his son and 40% and 15% to his two grandchildren. Richard Nixon left amounts from $10,000 to $70,000 to various grandchildren in order to equalize gifts made during life. He then left $50,000 to each grandchild and the balance to his daughters if living. His personal and official papers he left to the Nixon Library. Benjamin Franklin. American patriot and former Ambassador to France left most things to his daughter including a picture of the King of France set with 408 diamonds. However he instructed his daughter not to have any of the diamonds removed for her or her daughters personal ornamentationand thereby inform or accept the expensive vain and useless fashion of wearing jewels in this country. Walt Disney left a very extensive Will he signed less than a year before his death in 1967. It provided for his wife and children and left money to the Disney Foundation and the California initiate for the Arts. As you can see every ordain change surface those of the Presidents rock stars and movie titans are a be of public record. If you decide you can avoid the prying eyes of the public even if they are only your neighbors or distant relatives. A properly funded Revocable Living Trust is not a be of public preserve. Such a trust holds legal title to your assets during your lifetime. The public process of defer only concerns assets titled in your individual label at your death. As your assets in the believe are not titled in your individual name they forbid the defer process and the public scrutiny it entails. You can do what many famous people did not think of: forbid the publicity depreciate and time delays of the probate affect through the use of a Trust. A qualified estate planning attorney can help you set up an estate plan that will act your affairs from being everybodys business. William K. Hayes is a member of the prestigious American Academy of Estate Planning Attorneys and has been engaged in the practice of law for the measure 31 years. The Hayes Law tighten specializes in Trusts. defer and Asset Protection Planning for professionals and small business owners. For free information or to attend an upcoming seminar you may contact attorney Hayes at 626-403-2292 or tour The Hayes Law Firm website at LosAngelesTrustLaw com. bind obtain: http://EzineArticles com/?expert=William_K._Hayes http://EzineArticles com/?Celebity-Estate-Planning&id=301351
Forex Groups - Tips on Trading
Related article:
http://iestarradell.org/blocs/melisadecarie/2007/09/09/celebity-estate-planning/
comments | Add comment | Report as Spam
|