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Disputes Over Elizabeth Taylor's Will Begin!

| Filed under: R.I.P.Sad SadElizabeth TaylorBusiness Blitz

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Can't say that we're shocked, but it's still so unfortunate.

The National Enquirer is reporting that there is a war brewing over who gets what from the late, great Elizabeth Taylor's $600 million estate, with sources close to the situation revealing that her family is upset that the icon's manager, Jason Winters, was made administrator of her will!

Her four children, Michael and Christopher Wilding, and Liza Todd and Maria Burton, apparently feel as though Winters took advantage of his relationship with Taylor in order to secure himself a huge portion of her estate - despite the fact that they're all expected to receive around $100 million EACH!

The insider explains:

"Jason was there for Elizabeth. She was mesmerized by him. Now there's more than $600 million at stake. Liz earmarked a lot for charity, and her kids definitely will be taken care of. But friends see Jason as an interloper who breezed into Liz's life in her final years and now will be making decisions on who gets what. Plus he'll get a chunk for himself and a fee for his role as administrator! Her children must feel insulted Liz didn't choose any of them to take care of her business affairs. But, in truth, Jason was a lifesaver for Liz during her darkest days. He was great company, and made her feel like the star she was. She didn't think a price could be put on such a dear friend."

A large portion of her fortune will also be designated for various AIDS charities, and of course, to Jason himself.

But hey - if this is what she wanted, then it's the family's responsibility to honor that, and not let finances put a strain on paying tribute to such a wonderful and important life!

Here's hoping that they can keep this in mind and resolve this nonsense as amicably as possible.

It's what Elizabeth would have wanted, we're sure.

[Image via WENN.]

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20 comments to “Disputes Over Elizabeth Taylor's Will Begin!”



  1. 1

    You couldn't possibly be sure of what Taylor wanted, you twit, because you didn't KNOW her. She didn't even know a worm like you was ALIVE. She's not a saint … she was a plain old person who happened to get famous and amass a pile of money. You have NO CLUE what the dynamics were of her relationships with her children, and so you have NO CLUE about what she intended, wanted, or thought as she made her will. Stop being such a sanctimonious asshole.



  2. 2

    I think it was wise of her to leave a third party experienced-in-finance friend as executor. If she would have chose a family member then there would have been jealousy too and none of her children are skilled in the intricacies of accounting and wealth management. The fact that her children are annoyed he is getting some of the money is proof that they have this foolish notion that where money is concerned MORE IS BETTER. As Elizabeth Taylor knew, money can be intoxicating and her children probably don't realize how much more dangerous TOO much money can be than NOT enough (at least at these levels!) They are extremely well taken care of and should shut up.



  3. 3

    Gold-digger!!!!!



  4. 4

    100 mil each and they still find a way to bitch? Must be 'nice' to have those kind of problems…



  5. 5

    sorry IM with the kids on this one!!! ok they're getting 100 mil each doesn't matter it's their mom!!! he's a stranger at the end of the day…he probably did take advantage of her!!! Im with the kids on this one!!



  6. 6

    This is a family private matter. Perez has no quality to make any judgement on this story. Leave Taylor's children alone. they deserve privacy



  7. 7

    I don't know what I think. I don't know who this man was, but Elizabeth seemed to have a soft heart for men throughout her life. I am sure in her golden years this shouldn't come as a surprise. If he sweet talked her why should anyone expect that she wouldn't have been taken in with his charm. Her children will just have to expect him to be audited later, and I am still surprised they are going to be getting so much when she wanted so much put into charity. He has a big job on his hands. He had better go over everything with a fine tooth comb.



  8. 8

    You can't be both the beneficiary and the executor.



  9. 9

    Re: judalon – Sorry, I was wrong. However, if one of the children was named the executor, that would probably cause even more animosity.

  10. Eilee says – reply to this


    10

    What do you know about TRUsts & Estates? I would say NADA~
    Why do you side with NON family member who could receive a large portion of the esstate for doing a small amount of work.
    PEREZ - get over yourself! You don't speak for Liz or the family!
    Your editorials are way way out of line!



  11. 11

    It is likely that she chose him to keep her children from fighting with each other. (If she had chosen one of them, of course the others would be grousing about that.)



  12. 12

    Re: judalon – Your absolutely correct, administrator cannot be a beneficiary. Dumb children should have gone to ma's house and inventoried every single item in the house. EVERYTHING, while she was in the hospital. They should have taken the keys of the house to prevent stuff frmo disappearin items from the house.

    Not saying her administrator would, but that is SOP when A wealthy person is terminal. Eldest son has legal standing as next of kin, and should have taken custody of the contents of his mother's house. Secured her personal property, jewelry, art, etc.

    Then the will gets filed with probate by her administrator. In our state it takes about 12-18 months for ordinary stuff to get resolved estate taxes, etc. If the will is disputed it takes a lot longer.

    I'd bet Elizabeth already divided up her personal stuff and determined who got what for her kids. She's probably been gifting them with her stuff for a long time. She has been too ill for too long off and on and she would not like any mess. Plus she watched the mess at Michael Jackson's house.



  13. 13

    Elizabeth earned the money, not her children, and she can do with it whatever she pleases. If Jason Winters provided some happiness for her at the end of her life, she gets to put a price tag on that, not her children or anyone else.



  14. 14

    I've been there. Making a non family member the executor is a smart move. She should have chosen a lawyer though and not a manager. Still, a smart thing to do. She should have had a clause in her will saying if it's contested then they get nothing.



  15. 15

    Wow, it's gonna be SO HARD for them to live on that $100 million a piece. They'll starve! And live in a cardboard box! Ungrateful BRATS. If he was good to their mother and she wanted to give him some money it was HER DAMN RIGHT. It's not like she wrote any of them were written out.



  16. 16

    Ok, I just noticed your source is the National Enquirer. rofl Which of course means that Elizabeth didn't actually die because she's on an island with Elvis and their alien baby is plotting the remake of Star Wars using macaroni noodles and hairspray right?

  17. @v@ says – reply to this


    17

    People with large estates can put quibbling to rest by making a tape of themselves clearly outlining what they want, and why they want it, when they are legally of sound mind. Then they should have all parties involved sign and date an acknowledgement that they've seen and agree with the disposition as outlined in the tape and will dated such and such a date. Then any objections can be hammered out with the person when they're alive.



  18. 18

    You can be executor AND a beneficiary. Some children are executors to their parents' wills and are beneficiaries as well. As executor he doesn't have the power to make decisions "on who gets what" according to the quote by the "insider". That is determined by probate code (law) for anything not designated in the will. But I'm sure Liz left no stone unturned. Executors only have certain powers under state laws. Having said that, her children should know that the court requires complete accountability for every action taken by the executor before it closes probate making it harder to mismanage or defraud the estate. But they can contest to have him justify his actions if they think he is. And yes, he will get a HEFTY paycheck as executor…..but with an estate that size, he will have a BIG job.



  19. 19

    Re: kappuhcheenoh – I have to agree with you. I knew that the will would be a problem, it always is when it comes to money but I didn't think that claws would come out this soon. Money is the root of all evil.



  20. 20

    Re: xman66 – How is he a stranger? They met in the late 90s. That means he knew her for at least a decade. Not saying that he's family, but he certainly isn't a stranger. Why do you think she was taken advantage of? Just because he is younger?

    Liz Taylor spoke pretty soundly for years up until her death. For all you know he spent more time with her than her family. He was said to be a very close friend who helped bring her out of her depression after her last failed marriage and he is also openly gay (well known to Liz), so its not like he was flirting with her. Taylor's kids have been at odds with one another for years, arguing over who should get what. Who really sounds like the money grubber here?