Who Did Elizabeth Taylor Leave Her Money To?

Among the many questions we hear when people ask how do celebrities leave money to their ex-husband is who did Elizabeth Taylor leave her money to? Luckily, there are some straightforward answers to this question. First of all, trusts, or revocable living trusts, operate outside the probate system. That means your estate won’t have to go through the probate process when you die. In addition, revocable living trusts are tax-free.

elizabeth taylor left her money to her ex-husband

During her lifetime, Elizabeth Taylor was married eight times, twice to Richard Burton. She was famous for living a jet-set lifestyle and collecting expensive jewelry. She died of congestive heart failure in 2011. The actress left her ex-husband $825,000 when she died, according to her will. During her lifetime, she didn’t speak much about her marriages, but she revealed that she left her money to Fortensky.

The actress’s net worth is estimated to be at least $600 million, and the proceeds of her perfume line will benefit AIDS charities. A spokeswoman for the actress did not respond to requests for comment. During her lifetime, she was one of the first celebrities to brand themselves with celebrity status. According to Bloomberg Businessweek Senior Editor Diane Brady, Taylor was paid at least $2 per second for her fame. The actress’s prenuptial agreement left Fortensky with $1 million, but she did not specify how much that amount is.

elizabeth taylor’s trust

Unlike most other celebrities, Elizabeth Taylor’s revocable living trust remains private. She used it to leave her assets to her children, grandchildren, and various charities. After her death, her estate was estimated to be worth $6 million to $1 billion, which she designated for AIDS charities. However, there has been no legal action filed against the trust, despite the fact that many celebrities’ estates have been challenged. Read on to learn how this trust was established.

In a lawsuit filed last week, the trust is demanding that Christie’s return the money they made from the sale of some of her possessions. The auction raised $183.5 million from the sale of Taylor’s jewelry. Some of her items sold at the auction, including the famous Taj Mahal necklace, which Richard Burton gave to her for her 40th birthday. The hammer price for the necklace was eight million dollars, 20 times its estimated value.

revocable living trusts operate outside of probate system

A revocable living trust operates outside the probate system, making them a popular choice for estate planning. These trusts are not publicly accessible, unlike wills, which are. Instead, they remain private and confidential, which makes them the preferred choice of many people. Here are three reasons why. All are beneficial to you. Read on to learn more about them. Here are the advantages of a revocable living trust.

Probate can be very expensive, and it can be very time consuming. A revocable living trust is an excellent way to minimize the costs of a probate estate. Creating a trust will ensure that your estate doesn’t fall victim to excessive fees and delays. Additionally, it will make it easier on your beneficiaries. If you have a complicated distribution plan, a revocable living trust is a great solution. For example, you can delay the distribution of your estate until your grandchildren are old enough to understand it. Or, you can prevent a disabled adult daughter from receiving your inheritance.

elizabeth taylor’s jewelry collection went up for auction

Despite having three children and five marriages, Elizabeth Taylor had an exquisite jewelry collection. Christie’s auction house recently sold some of her most famous jewels for an astounding $137 million. She wore these dazzling pieces while filming movies and on the set. Her former husband Richard Burton also gave her stunning jewelry and they were sold in Christie’s auction in 2011.

In the first night of the auction, Elizabeth’s jewelry collection sold for $115 million, breaking a previous record set in 1987 for a private jewelry collection. This auction also broke records for Indian and colorless diamonds, as well as pearls. One particular necklace broke a world auction record, selling for $11.8 million. The necklace had been valued at between $2 million and three million dollars before the auction.

elizabeth taylor’s relationship with Richard Burton

Elizabeth and Richard Burton’s onscreen romance was not without controversy. In the early 1970s, the pair were photographed together, including on a yacht. The Vatican accused them of “erotic vagrancy,” and the couple divorced. After filming was finished, the pair got back together and married secretly in Botswana in 1975. The two remained together for five months after the wedding, and then divorced again less than a year later.

Despite the divorce, Elizabeth and Richard remained in contact. The two even filmed a stage play, Private Lives, with Richard. The two also got involved with other people, and Elizabeth was very desperate to get back together with Richard, but he was already married to someone else. They were both addicted to alcohol and other drugs, and argued frequently. During this time, Elizabeth was pregnant with their first child, Maria.

elizabeth taylor’s support of AIDS research

Elizabeth Taylor’s activism on behalf of AIDS research is not just a charitable cause, as some might believe. The actress had personal reasons for her activism. She was close friends with the late actor Rock Hudson, who had kept his sexuality hidden throughout his life as a rugged heartthrob. The discovery of Hudson’s HIV positive status spurred public attention on the epidemic. The actress’s daughter-in-law was also HIV positive, a fact that she used to promote.

She was an advocate of AIDS research, and she donated many of her clothes for auctions to raise money for the cause. Her dress from the Best Picture Oscar in 1969, which she wore for the occasion, sold for a record $167,500. Another dress from Princess Diana was sold in 1995 for $167,500, and Elizabeth Taylor’s has a similar record. Her legacy is far greater than her films, however.

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