According to the children, these items were part of the inventory of personal property conveyed by certain trusts that their father had established for their benefit. Williams’ trust granted his children his memorabilia and awards from the entertainment industry, along with other items.
Ambiguity? Or Theft?
His widow, Susan Williams, claimed that since they lived together in their own house in Tiburon, and there was a separate residence in Napa, it stands to reason he wanted the children to receive items from the Napa residence and she was to receive the property from the Tiburon home.
Attorneys for the two sides appeared to offer conflicting characterizations of the court case. Susan Williams’ attorney said she was just seeking a clarification from the court. But the attorney for the children said she had accused them of stealing items that belonged to her.
The Robin Williams’ estate underscores the need to specify exactly which personal items you are giving to family members by trust or will so there is no ambiguity once you pass. It’s this ambiguity that causes family in-fighting and costs excessive amounts of time, money and energy, even (and maybe even especially) when the estate is of small value.
Blended Families Need to be Clear
Especially in a blended family situation, like with Robin Williams’ family, it’s important to be extremely clear about whether children from a prior marriage should receive any money or other assets at the time of your death or if they should wait for all inheritance until the death of your spouse.
This is one of the situations that is most likely to result in strife and complication after death, and it’s so straightforward and easy to deal with ahead of time.
The best way to learn about protecting your family is to talk with us about a Planning Session, where we can identify the best strategies for you to provide for and protect the financial security of your loved ones. Contact us at (813) 514-2946 to learn more about how you can get this valuable session for free.