Famous Wills
Nov 8th, 2007 by Editor
Princess Diana, known for her beauty, fame and work against land mines, died on August 31, 1997. leaving behind an estate worth 21.5 million pound (about RM 150 million). In her Will, Princes Diana left most of her fortune to her sons, Prince William and Prince Harry. To ensure the money is not misused, their inheritance will be held in trust for them until they reach the age of 30. She also left 50,000 pounds to her former butler, Paul Burrell, and set aside personal momenta for her 17 godchildren.Princes Diana had probably given much thought about who she wants to benefit and had her Will properly written.
Compared to another well known person. Warren Burger, the former Chief Justice of the Supreme Court, left behind a self-written, 176-word Will. He gave his entire estate to his two children, but he failed to give any power to his executors and made no provisions for estate taxes! These oversights will cost the estate thousands of dollars!