However, his family now thinks that Hutchence’s daughter, known as Tiger Lily, could inherit millions, when she turns 21 in the next few weeks.

It is not entirely clear why the family has this belief, since many details about the trust are not public and the family does not control the trust. It could be that the rights to Hutchence’s music were placed into the trust, which would give it a regular income that could be given to beneficiaries.

Similar things can happen anytime an estate has a valuable asset that can earn a continual income.

For these types of estates, it is important to make sure the people in charge of them know how to maximize the potential of the assets, in order to get the most income out of them.

Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.
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