Many are curious about the reports stating Matthew Perry's estate was only worth $1.5 million at his passing. Remember Chandler from Friends? Matthew was actually worth around $120 million, mainly due to the $20 million a year from Friends syndication royalties.
🧐 So why the discrepancy? It’s all about trusts. Unlike Prince, whose estate became a public mess, Matthew Perry planned meticulously with great lawyers. Most of his assets were moved into trusts, ensuring privacy and smooth distribution.
Trusts offer privacy and can include tax planning to reduce estate taxes. Matthew Perry’s estate continues to generate income from Friends royalties, unlike Prince's public and messy estate.
Why It Matters: Trusts protect your loved ones' privacy and ensure smooth estate management. Learn from Matthew Perry's example and consider setting up a trust.
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17 окт 2024
