Widely recognized as one of the best and most popular actresses of all times, Elizabeth Taylor’s death this week at the age of 79 caused great sadness throughout Hollywood — and indeed the whole world. Given her success, both on the screen and off, perhaps it should be no surprise that Elizabeth Taylor’s fortune has just been estimated to be worth as much as one billion dollars.
Why so much? Certainly movie royalties alone could not account for that kind of value in her estate. Instead, as ABC News recently reported, her perfume and other business ventures were groundbreaking and highly profitable.
The ABC News article also included portions of an interview with both of us, in which we addressed what one would expect in terms of estate planning for a person of such great wealth and fame. But, as we explained in the interview, there are many examples of wealthy Hollywood celebrities who pass away with very poor estate planning, or no planning at all.
Michael Jackson had Read more...
Shannon Price and Gary Coleman enjoyed a brief, but love-filled marriage until they divorced in 2008. How do we know it was so loving? Because, according to Price, they remained together as common-law husband and wife, even after they divorced.
That’s right, she says they lived together, enjoyed marital relations, and considered themselves to be a married couple until Coleman passed away at age 42 on May 28, 2010. Utah is one of the few states that permits common-law marriages.
And whether they truly were a common-law married couple is the focus of the estate fight currently brewing now. It doesn’t make much sense for a couple to get divorced, as Coleman and Price did, but then become a common-law married couple.
Perhaps that’s why the estate fight has dragged on so long. Price’s spokesperson said that she’s battling in part to be able to receive Coleman’s ashes so she can properly lay them to rest … that is, she wants to lay most of them to rest.
She wants Read more...
Mary Talks Money, of ABC’s Live Well Network, sits down with Danielle & Andy as they share the missteps of the rich & famous to help prevent family fights in your family. Here is part one of a two-part series segment. Stay tuned for part two!
Danielle and Andy Mayoras are co-authors of Trial & Heirs: Famous Fortune Fights!, husband-and-wife legacy expert attorneys, and hosts of an upcoming national PBS special based on Trial & Heirs. The charismatic duo has appeared on the Rachael Ray Show, Forbes, ABC’s Live Well Network, WGN-TV and has lent their expertise and analysis to hundreds of media sources, including The Associated Press, Los Angeles Times, Chicago Tribune, Kiplinger’s, and The Washington Post, among many others. As dynamic keynote speakers, Danielle and Andy delight audiences nationwide with highly entertaining and informative presentations, dishing the dirt on celebrity estate battles while dispensing important legal information to help people avoid family fights among their heirs. The couple spends their free time with their 8-year old son Read more...
The divorce contest between the late Dennis Hopper and his wife, Victoria Duffy-Hopper, was ugly when he was alive. It’s turned even uglier since he’s passed away.
Duffy-Hopper dropped a new bomb on the children of the Easy Rider star, and the Trustees of his Trust, by filing two new lawsuits recently in Superior Court for the County of Los Angeles.
In the cases, she claims that his children wrongfully forced her to move out of Hopper’s house, so they could grab a bigger inheritance at her expense. She alleges Marin Hopper, one of Hopper’s children from a prior marriage, manipulated, coerced and told Hopper “cruel lies”. She did this, according to one of the lawsuits, to drive a wedge between the happy couple and force him to file for divorce.
Dennis Hopper Trust
But, the marriage couldn’t have been too happy, since Duffy-Hopper takes aim at her late husband, too. She asks the Court to invalidate the couple’s premarital agreement, saying that Hopper intimidated, coerced and threatened her until Read more...
Danielle and Andy discuss the latest in the Charlie Sheen drama. Is he a celebrity gone wild in need of a conservatorship…or something more? Click the title above to view their video discussing Charlie Sheen.