EVEN ICONS NEED A WILL HARD LESSONS FROM HOLLYWOOD’S BIGGEST NAMES
Whenever a well-known or influential celebrity passes away, the media always gives them extra attention or even a tribute. After entertaining us for years through hit TV shows, blockbuster movies, and songs that get stuck in our heads, it’s no surprise we would remain interested in the final chapter of their stories. Unfortunately, far too many celebrities have passed away without Estate Plans, turning what should be a time for grief and remembrance into total chaos. Let’s explore a few examples and discover the lessons we can take away from their mistakes. James Dean For only appearing in three major films, James Dean left quite an impression on the entertainment world. His career would have likely been one of the most successful during the Golden Age of Hollywood had it not been for his untimely death in 1955 when he was only 24 years old. Like many young people, Dean probably never considered the need for an Estate Plan or Will. Since he had no plan in place, his estate was subject to intestate law. His father received everything, even though he played a relatively minor role in Dean’s life. This incident serves as a reminder that everyone can
benefit from an Estate Plan, regardless of age, especially if you want to choose who receives your assets.
Aretha Franklin The Queen of Soul, often considered one of the greatest singers of all time, passed away in her 70s in 2018 without an official Estate Plan. When she passed, her children assumed she did not have a Will, although many people had encouraged her to establish one. However, upon searching her home, they discovered two Wills, neither of which was prepared by a lawyer nor signed by any witnesses. The first was written in 2010 and notarized, but she created the second in 2014, and it was found within a notebook under a couch cushion. After a lengthy legal battle and jury trial, the court ruled that the Will written in 2014 should be honored as the official version. Remember, simply writing out a Will does not mean it will be official. You must prepare it correctly to ensure your wishes are carried out as directed. Check Out Our Seminars
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