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To: Uncle Chip
Blood drained from his body and given to his ex-wives.

Given that he left his first wife for their child's nanny, I'd say the first one deserves her share of whatever. Then the nanny dumped him a few years ago. Seems it isn't easy to live with a junkie drunk. Sorry, fans; that's the long and short of it.

42 posted on 08/13/2014 2:39:14 PM PDT by Albion Wilde ("LEX REX." ("The law is the king.") -- Samuel Rutherford)
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To: Albion Wilde; All

The article is good, but omits one key point...for trusts to be OUTSIDE the estate...i.e. not whacked by the government, when they are set up and funded, they must be IRREVOCABLE..the grantor can’t change his mind and/or exercise any control over the assets. This is the great quandry for many wealthy people. If you have properly drawn wills, using a simple marital trust, there are no estate taxes due until the second spouse dies...thus estate planning is for the benefit of the next generation, and involves the grantor giving up control of some assets while still alive..As a recovering addict, and serial wedder, I suspect Williams realized that at any time he could fall off the wagon(s)..thus he wanted to make sure that above all else, his kids were taken care of..


45 posted on 08/13/2014 2:46:05 PM PDT by ken5050 ("One useless man is a shame, two are a law firm, three or more are a Congress".. John Adams)
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