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Jade Goody's Will leaves children secure for life |
The details of tragic TV personality Jade Goody's Will have been revealed to a newspaper.
She took advice from estate planning solicitors before her death in 2009 in order to ensure that her two children will receive all of her £3 million fortune, the News of the World states.
Husband Jack Tweed is named as a beneficiary, which will save more than £1 million in inheritance tax as assets passed on through a spouse are not liable, but he will only inherit her £16,000 car.
In contrast, sons Freddie, six, and Bobby, five, will benefit from £312,000 in a Nil Rate Band Trust and a further £2.7 million in a Residuary Trust Fund.
Her executors will be her three best friends.
"All the efforts of her trustees will be towards maximising the amount of money available to the children," a source told the newspaper.
Goody's Will is currently being finalised through probate by solicitors and her executors and should be settled within six weeks.
A trust is an arrangement which sees property and assets managed by a person or a group of people for the benefit of another. KCJ has a large team specialising in Estate Planning and Wealth Management. If you are thinking of establishing a trust contact Robert Chalmers in Norwich, Jennie Pratt or Mary Ambrose in Cambridge, or Simon Crooks in Bury St Edmunds.
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