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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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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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Top 10 Celebrity Stories To Spark Holiday Estate Planning Conversations

Sure the holidays are a fun time for families to sit around talking about what happened on the latest episode of The Walking Dead or how granddaughter Mary is doing in dance class.  But they are also a great time to have the important -- yet often difficult -- conversations about estate planning.  What happens when Mom dies?  Does anyone know where Dad kept his will?  Did they ever transfer the investment accounts into their revocable living trust like they were supposed to?   Walking dead

Many families don't ask these tough questions ... especially when dynamics are strained, like in many second-marriage families or when siblings don't get along well.  It certainly isn't easy to blurt out after passing the gravy, "Hey Dad, does your will put me or your wife in charge of your estate?"

But these conversations are important.  When the proper estate planning isn't done, it's the family members left behind who pay the price, often with bitter, ugly, and costly probate court battles.  They happen to families all across the country on a daily basis, from those of modest wealth to the very rich.

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Mick Jagger Can't Get No Satisfaction; Ugly Lawsuit Settles

It's rough being Mick Jagger sometimes.  Even as the front man for the famed Rolling Stones, he Can't Always Get What he Wants.  But when he tries, at least sometimes, he  just might find ... that he gets what he needs.  These days, what Sir Mick (as he is known officially in England) truly needs is some peace and quiet ... and a little privacy.  Is it too much to ask to Get Off of his Cloud?  Mick Jagger

Sir Mick took a beating in the media last week when a lawsuit that he had hoped to keep quiet became very public.  That is what often happens with lawsuits involving those in the public eye, especially in this digital age. In many courts across the country -- federal courts especially, but more and more probate and other states courts too -- anyone who knows how to track down the electronic court records and is willing to pay a small cost can read all the juicy details about court battles from the comforts of their own home.

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Celebrity Legacies: Kurt Cobain Burns Too Bright, His Death Sparks 20 Years Of Fighting

It has been more than twenty years since Kurt Cobain, the lead singer of Nirvana, died from a shotgun blast to his head, at age 27. His talent, passion, and creativity launched a new movement for not only rock music, but American culture itself.  Kurt-Cobain

This is installment #7 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.

Cobain was a game-changer who burned too bright -- brighter than he could handle. His suicide note summarized it well: "I don't have the passion anymore, and so remember, it's better to burn out than to fade away."

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