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What We Can Learn From Matthew Perry's Estate: Trusts & Privacy

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. 📧 Have a question you want answered on our next Ask Joe episode? Email us at [email protected] or text us at (386) 832-1090 📬 Subscribe: Don’t miss out on future episodes of our Trust This podcast —subscribe now!    / @mylandtrustee   💬 Share Your Thoughts: We value your feedback! Reply below or use our feedback feature. 👋 Next Trust This Newsletter Alert: Stay tuned for more valuable tips and updates! https://pcs-title.read.axioshq.com/si... Contact us today to discuss our real estate legal services and our land trust services! Visit https://aspirelegal.com or https://mylandtrustee.com for more information. #matthewperry #matthewperryestate #Trusts #benefactor #estateplanning #probate #AvoidProbate #assetprotection #assetprotectionplanning #LastTestament #wills #landtrusts #mylandtrustee #aspirelegalsolutions #joeseagle #realestateattorney