Elizabeth Taylor's death is an estate planning reminder

Iconic movie star Elizabeth Taylor's death last week is a reminder of the importance of a solid estate plan. The Academy Award winner was known for her many films, husbands, and extensive jewelry collection. Taylor is also remembered as the first major Hollywood star to join the fight against HIV/AIDS.

Elizabeth Taylor amassed an extensive $600 million estate over her life. She successfully invested the money from her films and jewelry line, and her wishes are now being carried out after her death because of shrewd estate planning.

"Elizabeth was a very shrewd investor with her money," an insider told the Sun-Times. The insider said that Taylor was an active real estate investor and that she was a close and successful stock market follower.

An experienced estate planning attorney can help individuals carry out their final charitable donations and divide their assets appropriately through the use of a will and trusts. An estate plan can include specific provisions for a funeral ceremony and even auctions of unneeded assets to help pay for estate expenses.

The Sun-Times reports that at least one auction will be held of Elizabeth Taylor's estate. The major auction will include portions of her iconic jewelry collection, couture wardrobe pieces, and famous film costumes.

A bulk of the auction proceeds will go towards estate taxes. The funds from the auction will also help support the Elizabeth Taylor AIDS Foundation and The Foundation for AIDS Research, an organization that she co-founded.

A private family service was held at Forest Lawn Cemetery in Glendale, California. The service was reportedly conducted by Rabbi Jerry Cutler. A larger public ceremony is planned for the coming weeks.

Source: Chicago Sun-Times, "Elizabeth Taylor's last wish was privacy," Bill Zwecker, 3/25/11

No Comments

Leave a comment
Comment Information

Mr. Teiger, Thank you very much for your time and results. I will definitely recommend you & your firm to anyone who wants to be treated professionally courteously and needs results.Hope all is well.Again...thank you. Regards, Paul L.

msg iconEmail Us For a Response

When you have legal questions or concerns, contact our team at Teiger Law Center, P.C., by calling 678-374-7645, 800-780-2275 or reach us via email by completing our online contact form. From our Cumming and Alpharetta law offices, we represent clients in the Atlanta metro and throughout north Georgia.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Cumming Office
514 West Maple Street
Suite 101
Cumming, GA 30040

Toll Free: 866-726-2153
Phone: 678-374-7645
Fax: 770-406-8858
Cumming Law Office Map

Alpharetta Office
12600 Deerfield Parkway, Suite 100
Alpharetta, GA 30004

Toll Free: 800-780-2275
Phone: 678-374-7645
Fax: 770-406-8858
Map & Directions