Who inherited Elizabeth Taylor’s estate? This question has been on everyone’s mind since the star’s death, when her estate was reported to be somewhere between $600 million and $1 billion. Elizabeth was the first celebrity to brand herself and earn millions with her appearance and persona, and her estate is worth at least half as much. As a result, there are many heirs to her estate, and her children are likely to be among the first beneficiaries.
Although it is unknown exactly how much Elizabeth Taylor’s estate is worth, there are some interesting details surrounding her final will and trust. The actress left the majority of her assets to a revocable living trust, which allows her to pass them on to her family and to various charities without going through probate. The revocable trust is much less expensive to administer than a will and does not require court oversight.
The former assistant of the late actress, Larry Fortensky, told the Daily Mail in a 2011 interview that he inherited her estate for $825,000. Fortensky says that the heirs of Elizabeth Taylor’s estate are “the best thing that ever happened to her.”
Although it is unclear which family members will inherit her estate, many other people are interested in learning more about the actress’ life and legacy. Elizabeth Taylor had eight marriages and left PS1 million to her ex-husband Larry Fortensky. In addition to her personal possessions, the actress was also an activist in the fight against AIDS, founding the Elizabeth Taylor AIDS Foundation. Most of her wealth was left to this foundation, which has its headquarters in New York.