Frances Bean Cobain says she feels guilty about the millions she’s inheriting from the father she barely remembers.
“My relationship to money is different because I didn’t earn it. And so it’s almost like this big, giant loan that I’ll never get rid of,” the daughter of Nirvana frontman Kurt Cobain said recently. “I have an almost foreign relationship to it or guilt because it feels like money from somebody that I’ve never met, let alone earned myself.”
Documents from an ugly divorce had revealed Frances was taking in more than $100,000 a month from Kurt’s publicity rights. He died by suicide before she turned 2, leaving an estimated $450 million fortune.
But the newly sober self-described “trust fund baby” found a way to balance her singularly turbulent family life with the weighty legacy she was bequeathed.
“I was so f—ing bitter and angry and upset and resentful for a really long time,” Frances, 26, told RuPaul’s podcast, What’s the Tee? “But I had a transformative shift in thinking. When bad stuff happens, as opposed to thinking, ‘Why is this happening to me?’, I started thinking, ‘What is this trying to teach me?’… It’s changed everything.”
“I’ve come to this place where I really love who I am, and I feel like I’m thriving in myself.”
About the author:
John O’Grady leads a full-service estate and trust law firm in San Francisco. His practice includes Estate Planning & Administration, Probate and Trust Litigation.