Celebs Who Completely Cut Their Kids Out of Their Wills: #LeakedIIN #PersonalFinance #HowToMakeMoney #MakingMoney #Cryptocurrency #Stock #Investment #Scholarships #loans #grants #Gold #Silver
It’s safe to believe that wealthy celebrities are fortunate for several reasons, one of which is the benevolent heritage that awaits them in the future. But all actors tend not to actually consent to leave their children and a substantial trust fund, with most of them deciding to leave their children with little or no legacy. Learn who are the most popular families who have chosen to take their money away from their children.
Robert Kardashian
Most people possibly knew of Robert Kardashian either as Kardashian’s beloved clan father or as a prominent attorney who became famous after the notorious O.J Simpson proceeding. When Kardashian died of cancer in 2003, Ellen Pierson, whom he had married less than a year before, was declared the only heir to her net worth $ 30 million. After litigation, the family discovered that Robert’s widow’s letters were fictitious.
Gordon Ramsay
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Gordon Ramsay is one of the world’s most renowned chefs, with a huge net worth of $220 million. He became popular not only because of his excellent culinary skills and prosperous restaurants but also because of his swift wit and humor for his employees. The world-class chef recently indicated that he does not want to leave his five children an inheritance. Ramsay seems to have confidence that his money will help support charities.
Joan Crawford
Her outstanding performance skills and unique appearance helped to make Joan Crawford famous in the 1930s. Crawford was very violent, but one of her four daughters shared her adopted mother’s raw memories in her book. When Crawford passed away in 1977, she claimed that Cindy and Cathy, her two younger daughters, should be given $77,500. The older two, Christopher and Christina, were completely cut off, ouch!
Sting
Before Sting became a successful guitarist and actor in the 1970s, he worked as a tax collector, teacher, and in a number of strange occupations. He eventually became a world-class musician, increasing his fortune to 400 million dollars. He is now filling whole stadiums worldwide, adding to his great estate. But the singer does not want to leave much to his six children, so he wants to invest in most of his fortune until he dies.
Andrew Lloyd Weber
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Over the last 50 years, Billionaire Andrew Loyd Weber has won many awards to the very exclusive EGOT club, including a win of an Emmy, a Grammy, an Oscar, and a Tony Award. Yet the scriptwriter and composer shared in an interview with the Daily Mirror that he did not believe in heritage money and instead respected work ethic. It seems that his five offspring won’t have all of his $1.2 billion assets.
Celebs Who Completely Cut Their Kids Out of Their Wills
Celebrities who have accumulated vast fortunes throughout their lives often have to make difficult decisions about their wealth before their deaths. Some celebs, for whatever reason or another, make the tough decision to exclude their own children from their wills altogether.
Notable Examples of Celebrities Who Cut Their Kids Out of their Wills
There have been several high-profile cases of celebrities who went ahead with the controversial move of cutting their children out of their wills. Some of the most notable include:
- Michael Jackson – json excluded his own three children from his will
- Robin Williams – Robin Williams surprisingly left nothing to his three children
- Aretha Franklin – Franklin excluded each of her four sons from her estate
- Prince – Prince excluded both of his sisters and his five half-siblings from his will
Why Do Celebrities Cut Their Kids Out of Their Wills?
There is no right or wrong answer when it comes to why celebrities completely omit their children from their wills. While some may do so due to a strained relationship between them, some celebrities may choose to leave their entire estate to charity instead. Whatever the intention, leaving their kids without anything from the estate is often seen as a controversial move at best.
Frequently Asked Questions about Celebs Cutting Their Kids Out of Their Wills
Can I include my children in my will?
Yes, you certainly can. It is entirely up to you how you split your estate among your loved ones, or even which charities you choose to donate to. It is highly recommended, however, that you consult with an estate lawyer before making a decision like this.
Do celebrities owe anything to their children after they are gone?
No, there is no obligated inheritance that children are owed by their parents. Some may choose to teach the children about money management and leave them a financial legacy, but legally there is nothing a child can do to claim an inheritance from a deceased parent.
Summary of Celebs Who Cut Their Kids Out of Their Wills
Many high-profile celebrities have made the controversial decision to exclude their own kids from their wills. Popular celebrities such as Michael Jackson, Prince, Aretha Franklin and more have all gone ahead with the difficult decision due to various reasons. While it is not an obligated gesture, some celebrities opt to provide their kids with a financial legacy or teach them money management. Ultimately, however, whether or not to include a child in a will is entirely up to the parent.