Estate Planning Feed

Celebrity Legacies: The Battle Over Marilyn Monroe's Iconic Legacy

Marilyn Monroe left a legacy that seems to grow brighter each year.  Monroe's image and likeness were so valuable that a multi-million dollar lawsuit over her publicity rights raged on, more than fifty years after she died, until it was finally resolved by a federal court of appeals.  Marilyn_Monroe_in_Gentlemen_Prefer_Blondes

The second wife of Marilyn Monroe's acting coach was in the center of it.  Why did she -- whom Monroe barely even knew -- have control of the image and legacy of one of Hollywood's most beloved stars ever?

This is installment #10 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts. See other articles in the series here.

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Celebrity Legacies: Farrah Fawcett's Face Launches A War

When someone mentions Farrah Fawcett, most people think of her looks.  But what about her brains -- her financial savvy in particular?  The actress and model who rose to fame as one of Charlie's Angels planned well to protect her troubled son, Redmond, after she passed away.  Yet all was not angelic when it came to her financial legacy.  Farrah-Fawcett-by-Andy-Warhol1-300x300

This is installment #9 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts. See other articles in the series here.

Farrah Fawcett was far from the stereotypical blonde model when it came to finances.  She was hired to do five seasons of Charlie's Angels, by Aaron Spelling's production company.  After the first season hit it big, Fawcett re-negotiated for more money.  Relying on the fact that she never actually signed the contract, she was able to secure an increase in per-episode salary from $5,000 to $100,000.

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Robin Williams' Wife Dishonors His Trust Through Court Battle

When Robin Williams tragically committed suicide six months ago, he left behind three children from his first two marriages (ages 23 to 31) and a widow of less than three years, Susan Schneider Williams. Unlike many celebrities, Robin Williams took the time to create thoughtful and detailed estate plan, including various trusts to benefit both Susan and his three children. The trust established for his wife, called the Susan Trust, referred to and was consistent with a prenuptial agreement the couple signed in 2011 when they were married.  Robin-and-Susan-Williams

Because Robin Williams' estate plan was carefully crafted, it initially appeared that his heirs would avoid the bitter family squabbles that affect many mixed-marriage families (in Hollywood and around the country). After all, it is his wishes that matter, and because those wishes were seemingly captured through the proper estate planning documents, there should be nothing left to fight about, right?

Not so fast. Within the past 24 hours, the news broke that the Williams family will not be so lucky. Susan, through her lawyers, started legal proceedings just a few days before Christmas. She asked a probate court in California to take jurisdiction over the Robin Williams Trust to interpret various provisions that she feels are in dispute. Robin's three children -- themselves coming from two different marriages -- filed a unified response through their attorneys and opposed Susan's court filing. The battle is on.

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Celebrity Legacies: John Wayne Heirs Profit From The Duke Legacy

The popularity of the Duke has never waned. But are John Wayne's heirs going too far in profiting off of his legacy? And what does Duke University have to say about it?  John_Wayne_portrait

This is installment #8 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts. See other articles in the series here.

With a movie career that spanned fifty years, there is no disputing that John Wayne is one of the most successful and treasured actors of all times. He was in the top ten list of actors whose films generated the highest box office gross earnings for an astonishing 25 years in a row. The Duke also holds the record for most leading movie roles of all time - 142. To this day, he remains in the top ten list in the annual Harris poll of favorite Hollywood actors and actresses. In fact, the American Film Institute ranked Wayne as number 13 on the list of top male actors of all time.

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Cory Monteith's Estate Shows How Even Young Adults Need Wills

News of Glee star Cory Monteith's death by cocaine and alcohol overdose on July 13, 2013 stunned his fans across the world.  The heartthrob actor was only 31.  He had struggled with drug addiction since he was a teenager.  Cory_Monteith

Cory's mother attributed his struggles with drugs at an early age due to the lack of a relationship with his father.   In an interview with Good Morning America she said that Cory tried extra hard because he had been "invalidated" by his father.

Cory's father, Joe Monteith, denied this and blamed Cory's mother instead.  He said his job in the Canadian military forced him to be away from home for months at a time, but he tried to maintain a relationship with Cory.  In fact, he says his ex-wife prevented communication and returned Christmas gifts he sent to his son.

It's hard to determine whose side of the story is correct, but there is no dispute that Cory and his father didn’t have a close relationship.  At one point, they went eleven years without seeing each other, until Cory contacted his father about two years before he died, according to Joe's interview in People magazine.  It is interesting that it was Cory who re-established contact, not his father.

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The Tragic Life and Death of The Daughter of Zsa Zsa Gabor and Conrad Hilton, Francesca Hilton

Everyone loves a good rags-to-riches tale.  But Francesca Gabor Hilton’s life followed a dramatically different path.  Born to Hollywood star Zsa Zsa Gabor, and founder of the famed Hilton hotel dynasty, Conrad Hilton, Francesca was raised living in mansions, attending celebrity parties, earning blue ribbons in horse-riding competitions, and jet-setting to Rome and Paris, among other fashionable cities.  But her life was not as idyllic as it seemed.  Zsa-Zsa-Gabor-and-Francesca-Hilton1-300x242

Zsa Zsa Gabor wrote in her autobiography that Francesca was born following a pregnancy that resulted from rape by Conrad Hilton, her husband at the time.  The couple divorced before Francesca was born.  Francesca told the Los Angeles Times in 2007 that she spent Christmases and occasional upscale lunches with her father.  But their relationship was never close. When Conrad died in 1979, he left his only daughter $100,000 out of his estate, with most of the wealth earmarked for charity.  That doesn’t sound too bad, except that Conrad Hilton’s estate was worth about $200 million at the time, including massive Hilton Hotel stock interests.

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Joan Rivers' Estate Planning Was No Laughing Matter

Joan Rivers was widely respected for her sense of humor, work ethic, and willingness to say almost anything for a laugh.  When it came to planning her estate, however, the late comedienne and host of Fashion Police treated the matter very seriously.  Joan-rivers 2

Joan Rivers' last will and testament was signed on November 16, 2011.  A thorough and well-drafted legal document, her will named a living trust as her beneficiary.

Specifically, Joan Rivers, whose full legal name was Joan R. Rosenberg, signed the Rosenberg Family Trust on the same day as the will.  The will directed that all of her estate assets were to be distributed to that trust.

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