Just like everyone else who is planning their estates, celebrities know that they "can't take it with them." For this reason, the smartest celebrities create a detailed estate plan that ensures their children are properly taken care of when they're gone. That said, you might be surprised by just how well-taken care of some children of celebrities actually are.
There are a few celebrity inheritance figures that will probably surprise you. These include:
Paris Jackson: After the music legend Michael Jackson passed away, many people thought the musician's financial situation was in shambles. In reality, he was in control of a lot of wealth, which his children eventually received. Paris Jackson, for example, has a net worth of $100 million as a result of her father's massive estate. Incredibly, the king of pop left approximately $100 million to each of his three children, Blanket, Prince and Paris, and to his mother.
Melissa Rivers: After Joan Rivers' unexpected death during a routine medical procedure, her daughter Melissa Rivers received an inheritance of $75 million in cash along with her mother's New York condo valued at $35 million.
Frances Bean Cobain: Kurt Cobain died on April 5, 1994, as the result of suicide, but he didn't leave his only daughter without sufficient resources. After turning the age of 18 in 2010, the young woman received complete control of the trust fund left behind by her famous dad. At that time, she received approximately $200 million in assets. This generates her a reliable income of over $100,000 per month.
Do you want to leave your wealth behind for your children like these celebrities did? Although you might not have a $400 million estate like Michael Jackson, you can certainly plan your estate carefully in a way that maximizes the financial benefits your children will receive.
Source: This is Insider, "15 children of celebrities who inherited ridiculous amounts of money," Laura Woods, April 10, 2018