Estates Generate Large Incomes
It is very common for estates to generate income and sometimes capital during the administration of the estate on behalf of infants, people with disabilities and thus discretionary trusts, and so forth, that may go on for many decades.
Forbes magazine has recently published its annual list of the highest earning of dead celebrities and once again disinherited.com was incredulous at some of the sums of monies made by estates, such as that of Marilyn Monroe, who has been dead for over 50 years. I think it is safe to say that her estate has generated multifold more millions in income than she ever earned during her lifetime.
Here is this year’s top list ( all sums expressed in millions of dollars based on pretax earnings):
Elizabeth Taylor- $210 million
Charles M. Schulz-( Peanuts) 37
– See more at: http://www.disinherited.com/blog/some-estates-generate-large-incomes-decades#sthash.iLHlDgKx.dpuf