Elizabeth Edwards Leaves Kids $1.5M Estate

They'll likely receive more in a trust she set up; no estate taxes, either
By Matt Cantor,  Newser User
Posted Jan 7, 2011 12:30 PM CST
In this July 28, 2004 file photo, Cate Edwards, right, introduces her mother Elizabeth Edwards on stage during the Democratic National Convention in Boston.   (AP Photo/Elise Amendola, File)

(Newser) – Elizabeth Edwards’ three children are set to receive an estate worth almost $1.5 million, reports Raleigh's News & Observer. The family won’t have to pay estate tax because the law expired last year, when she died. Edwards owned two homes, one valued at $6.75 million and the other at $1.2 million, and she also was a best-selling author. If the figure seems relatively low, it might be because further assets are likely contained in a trust cited in probate documents. As reported earlier, the will doesn't even mention husband John.
(Read more Elizabeth Edwards stories.)

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