Paul L. Caron
Dean


Friday, January 7, 2011

Elizabeth Edwards' Will Leaves Everything to Kids, Does Not Mention John

Edwards Will 
Elizabeth Edwards' will, signed six days before her December 7 death, is here. The will leaves her $1.5 million estate ($496,000 in personal property and $1 million in real property) to her three children.  The will does not mention her husband, John Edwards.

https://taxprof.typepad.com/taxprof_blog/2011/01/elizabeth-edwards-leaves-.html

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Comments

The will leaves everything to a testamentary revocable trust, which is the document that contains the settlement of her estate. People do that for privacy, since the trust isn't probated. Maybe she gave everything to her husband, maybe nothing. The point is that we don't know, and she designed her estate plan precisely so that the public wouldn't know.

Posted by: jpe | Jan 7, 2011 5:55:26 PM

Can someone now, please, turn off the incessant Elizabeth Edwards public relations machine?

Posted by: jlc | Jan 7, 2011 8:32:34 PM

The will leaves everything to a testamentary revocable trust

Posted by: asics shoes | Jan 8, 2011 12:50:35 AM

I think John Edwards is a warning that one should love one's wife but not idealize her, or perhaps he was simply a cad, the less said perhaps the better

Posted by: mike livingston | Jan 8, 2011 3:23:33 AM

Marital infidelity aside, why would one ever want to leave wealth to an older individual who is well provided for, rather than passing it to her children who are younger than he husband? Prudent estate planning would have the first to die leaving it to her children (likley in a trust). This would be the wise move even if portability is in the picture. One never knows how the law will change and it was best to take advantage of complete exemption in 2010.

Posted by: Bill | Jan 10, 2011 8:37:22 AM