It’s been widely reported across various websites in the last couple days that Farrah Fawcett’s will has been revealed and it “shockingly” disinherited her longtime ex-boyfriend Ryan O’Neal (father to her son, Redmond). These reports are wrong on several levels. First, the document was her Trust, not her will. You can read it here , courtesy of Radaronline.com. This is an important distinction. Wills are public records and must always be filed in probate to be effective, which allows anyone interested to read them. Trusts, on the other hand, are private documents, normally kept out of court and the public eye. As I wrote in this article this past July, the contents of Fawcett’s Trust were leaked by an anonymous “source” then, and now the whole trust document has been revealed. This is unusual. Normally that is one of the primary reasons why trusts are used, to keep affairs private (and out of probate court).
Read more here at Original Post:
Farrah Fawcett’s Trust provides a good lesson