Thursday, August 12, 2010

Johnny Carson's Living Trust

Ed McMahon: Oh All-Seeing One, the answer is, "A living trust, stupid!"

Carnac the Magnificant:
Obvious, you long-toothed Leatherneck. The question is, "How does television's most illustrious celebrity keep his estate plan private?"
Because Johnny Carson's foundation had to file a Form 990-PF, The Smoking Gun learned the foundation has become Hollywood's best-funded charitable organization by far, thanks to a $156 million transfer from the late entertainer's trust.

Little else is known about Carson's estate. "There has never been a public accounting … so there is no way of knowing its total value, beneficiaries, or what percentage the $156 million represents."

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