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Monday, March 8, 2010

Jade's legacy: Tragic reality star leaves £3m to beloved sons but widower Jack Tweed gets only her old car

 

Jade Goody left an astonishing £3million to her two young sons, while snubbing her playboy husband.

Details of the late reality television star's will reveal that her 51-year-old mother Jackiey Budden has been given £10,000.

But 22-year-old widower Jack Tweed, currently remanded on bail and awaiting trial in April over the alleged rape of a 19-year-old, is only in line to receive her six-year-old Volkswagen, worth £14,000.

Legacy: Jade Goody made sure the main priority in her will was her two sons, six-year-old Freddie and five-year-old Bobby

Legacy: Jade Goody made sure the main priority in her will was her two sons, six-year-old Freddie and five-year-old Bobby

Before her death from cervical cancer last year, 27-year-old Miss Goody was determined the bulk of her money should go to the boys.

She set up a string of lucrative media deals in the days before her death and insisted that the money earned should be used to pay for her children to attend a private school.

Her will states: 'The wishes of my children should be regarded as paramount.'

Bobby, now six, and Freddie, five, live with their father, television presenter Jeff Brazier.

The will also outlines that, should Mr Brazier pass away before the boys grow up, guardianship passes to three of her closest friends  -  not her mother, or Tweed, the boys' stepfather.

News of her will ends almost a year of speculation following her untimely death at 27 from cervical cancer on Mother's Day last year.

Crucially, Jade's deathbed wedding to Jack - though undoubtedly an act of love - has almost certainly helped to save her sons paying the taxman a hefty 40 per cent of their birthright, although the trust will still pay yearly tax at a lower rate.

Tragic: The late Big Brother star is said to have earned £5million since she found fame on the Channel 4 reality show

Tragic: The late Big Brother star is said to have earned £5million since she found fame on the Channel 4 reality show

As well as the boys, Jack Tweed is also named as a beneficiary of this fund and assets passed on through a surviving spouse are not liable for inheritance tax.

However, that does not mean Tweed has any rights to the cash - it remains tightly controlled by three executors - Kate Jackson, 31, Jade's best friend and chief bridesmaid, plus picture agency bosses Danny Hayward and Simon Bridger, both 31.

They were best men at Jade's wedding, Godfathers at her Christening and pallbearers at her funeral.

Jackiey Budden

Left out: Jade's mother Jackiey Budden was given £10,000 and her widower Jack Tweed received her last car, worth around £14,000

Left out: Jade's mother Jackiey Budden was given £10,000 and her widower Jack Tweed received her last car, worth around £14,000

Marriage: Jack Tweed married Jade Goody in February 2009 just weeks before her death

Marriage: Jack Tweed married Jade Goody in February 2009 just weeks before her death

The late reality star's children are now living with their father, TV presenter Jeff Brazier, who will be their guardian until his death.

Jade's will outlines that, should Brazier pass away before the boys grow up then guardianship passes to three of her closest friends - not her mother Jackiey or the boys' stepdad Tweed, who is currently remanded on bail awaiting trial in April for the alleged rape of a 19-year-old girl.

The fund she initiated for Freddie and Bobby is still growing from her screen and publishing income.

Miss Goody made a string of lucrative media deals in the weeks before her death which are already paying £21,000 a year for her sons' private education.

Guardian: TV presenter Jeff Brazier will look after Freddie and Bobby until his death

Guardian: TV presenter Jeff Brazier will look after sons Freddie and Bobby until his death

With the help of some key figures the News of the World has pieced together a detailed picture of Jade's finances.

Since finding fame on BB3 in 2002 the late reality star earned an estimated total of £5million.

Her huge wealth includes around £500,000 for her best-selling celebrity perfume Shh, £1million from her two autobiographies, £150,000 from personal appearances and £50,000 for doing pantomime.

Land registry checks appear to show there are no outstanding mortgages on the three Essex properties owned by Miss Goody.

She paid £250,000 for a terraced house at The Chase, in Harlow, in May 2005, now estimated to be worth £320,000.

Lucrative: Jade Goody made her fortune through various TV and magazine deals following her Big Brother appearance - and her top-selling perfume Shh

Lucrative: Jade Goody made her fortune through various TV and magazine deals following her Big Brother appearance - and her top-selling perfume Shh

Three months later she paid £415,000 for a similar home at The Gables in Ongar, now estimated at £450,000.

A year on she bought a detached villa in Waltham Abbey for £460,000, currently expected to sell for over £500,000.

A friend said: 'Whenever Jade moved on she kept the houses to rent out. I think she thought of these as nest eggs for her boys.'

They will almost certainly be sold off by the trustees to boost the trust funds.

Jade also had gems valued at approximately £300,000.

A friend revealed: 'Jade loved vintage jewellery, especially Dior. She bought some of it in Dubai. The bottom line of all this is that she'll have looked after her two young sons and no one has to worry about their financial security or education.

'They're very well provided for, and Jade will be smiling down from Heaven. It really was all she cared about in her final weeks - that her boys would have a proper schooling and not have to face the struggles she did growing up in a poor family in Bermondsey.'

Miss Goody, who rose to fame after her appearance on Big Brother in 2002, grew up on a council estate in Bermondsey, South-East London. Her father was a drug addict who walked out on the family when she was just two.

Read more: http://www.dailymail.co.uk/tvshowbiz/article-1256089/Jade-Goody-leaves-3million-sons-Jack-Tweed-gets-car.html#ixzz0hbcYiInb

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