Taylor died at 1:28 AM. She had been hospitalized for a while at Cedars-Sinai Medical Center in Los Angeles. A private funeral will be held later this week.
Taylor's publicist says she was "surrounded by her children -- Michael Wilding, Christopher Wilding, Liza Todd, and Maria Burton."
Taylor died of congestive heart failure, a condition with which she had struggled with for many years. A rep says Taylor died "peacefully today in Cedars-Sinai Hospital in Los Angeles." The rep adds, "Though she had recently suffered a number of complications, her condition had stabilized and it was hoped that she would be able to return home. Sadly, this was not to be."