McCain seems to have planned his estate well.
The late Senator John McCain was a great man, as well as a hero to many.
In death, he was also a hero to his family.
According to a recent Wealth Advisor article titled “Tradition, Money, Dynasty: Can Meghan Keep the McCain Legacy Alive?” John McCain was proactive in his estate planning.
They created several family trusts.
These are set up to pass the properties from Cindy’s parents and preserve it for the McCain descendants.
These assets hold about $200 million worth of assets.
Most of the wealth belonged to his wife and her family.
McCain had about $15 million of his own or in marital property.
This is no small number, but it is still south of the $200 million belonging to his wife.
Needless to say, his four children will be comfortable financially.
They will be free to pursue their own careers free from monetary limitations.
If you are interested in creating a family trust, work with an experienced estate planning attorney to build a plan to best suit you needs.
Reference: Wealth Advisor (August 27, 2018) “Tradition, Money, Dynasty: Can Meghan Keep the McCain Legacy Alive?”