trust fund news stories on Newser

Baby Jessica Turns 25

Mark Russell — Sun, 27 Mar 2011 06:29:57 CDT

Baby Jessica—the 18-month-old girl who was trapped in an abandoned water well for two and a half days in 1987, captivating America—is a baby no more, reports the AP. She turned 25 yesterday, old enough at last to have access to an $800,000 trust fund, left to...

Time Is Ripe to Pass Cash to Heirs

Matt Cantor — Sat, 18 Oct 2008 12:05:01 CDT

Sinking stocks offer a window of opportunity when it comes to passing your money on to heirs without incurring huge taxes, Anne Tergesen writes in the Wall Street Journal . Transferring struggling assets to the next generation can mean a big payoff for the heirs when conditions improve—without the estate...

Baby Daughter Is Anna Nicole's Only Heir

Nick McMaster — Tue, 04 Mar 2008 17:15:00 CST

Anna Nicole Smith’s 18-month-old daughter is sole heir to the ex-model's estate, a Los Angeles court ruled today. Dannielynn stands to inherit billions if the ongoing legal dispute over the fortune of Smith's second husband, J. Howard Marshall, is resolved in her mother's favor, People reports. Anna Nicole's will named...

Clintons Sell Stock to Avoid Bonds

Sam Gale Rosen — Fri, 15 Jun 2007 08:57:13 CDT

Nobody wants to see Whitewater II, least of all the Clintons. As Hillary barrels towards the White House, they've liquidated a blind trust worth $5 million to $25 million in an effort to avoid potential conflict-of-interest charges. The fund, invested on their behalf since Bill took office, included live-wire investments...