Another celebrity's will is being revealed and what can we all learn. Farrah Fawcett who died June 25, 2009, the same day as Michael Jackson, left most of her fortune in trust to her only child. Sounds simple and straight forward enough. But, as with all things it is the back story that fuels the headlines.
Farrah Fawcett left nothing to Ryan O'Neal, her longtime companion and the father of her son Redmond O'Neal. And the point here is WHAT??? It is HER will and other than a spouse, she is not required by law to leave anything to a companion even if he was with her throughout her illness.
Her estate is being reported to be 5.5 million dollars in cash and millions more in special holdings, still to be determined. Her son who was in prison at the time of her funeral, and still is, for drug related probation violation, though he was allowed to attend the funeral. In any event, she left the money in trust with 2 executors to oversee the money for his "journey into sobriety rather than giving him the means to destroy himself." If a dying mother can not turn a child's life around, will a well manage fortune do it? At least Farrah Fawcett believed as much and in the final analysis that is all that matters.
She also left money to her alma mater, Texas University. This is an important part of her legacy and her way to help others as she was helped by her alma mater.
More when the will is released. Your thoughts or comments are appreciated. Contact us at www.ythlaw.com
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