Frances Bean Cobain, the 22-year-old sole heiress of late Nirvana lead Kurt Cobain, bought a two-story Spanish-style home in the exclusive Los Angeles neighborhood of Hollywood Hills, according to a FoodWorldNews report on October 29.
Kurt Cobain’s only daughter was able to purchase the $1.8 million property through the trust fund she received in 2010. The trust fund, which was created in 1997 to protect Frances Bean from creditors and ex-spouses, entitles her 37% of the approximately $450 million dollar worth of her father’s real estate.
The late Nirvana lead singer committed suicide in 1994, when Frances Bean was less than two years old.
A trust fund is essentially created to provide financial support for its beneficiary. In some instances, however, a beneficiary of a trust fund may feel that they are not receiving what they are owed. In trust conflicts such as this in Los Angeles, seek the professional help of our trust litigation lawyers at the Keystone Law Group, P.C. Contact our firm at 310.444.9060 today.
