Tony Hsieh, the founder of Zappos, passed away this year after a tragic accident at the age of 46. Worth around $850 million dollars at his death, Tony has become well-known for the critical mistakes he made in his estate planning. It turns out Tony died without a will (of course!) and instead left “thousands” [Read More ...]
Kobe Bryant was not only a famous basketball player, but also a businessman, brand-builder, and investor. I wasn’t surprised to learn that he had a well drafted estate plan prior to his untimely death at the age of 41. Kobe had a trust to protect his assets, reduced estate-tax liability, and pass his wealth to [Read More ...]
One of pop-culture’s favorite newsmen, Larry King lived a colorful life (married 8 times!!) and his estate is proving to be just as exciting (Well, at least for me, lol). It turns out that he scribbled down a few sentences during his last divorce. As every reader of this blog already knows, a handwritten last [Read More ...]
There’s so much going on in the world, including a new Real Housewives franchise in Salt Lake City, Utah. Missed the premier? No worries, I’ll fill you in. This story started in 1961, when Rosemary "Mama" Cosby felt a call to preach and set out with her four small children by foot from Indianapolis to [Read More ...]
If you haven't wondered at least once this year, "Did Carole Baskin kill her husband?" we need to talk. In the Netflix show, "Tiger King," we were all introduced to the world of big-cat lovers featuring Joe Exotic and his arch-nemesis, Carole Baskin. (For real, if you haven't seen this show yet, do yourself a [Read More ...]
The outbreak of Coronavirus has people all over the world thinking about their advanced directives. While this topic is generally annoying to think about (adulting is annoying) and even more annoying to discuss with your loved ones, estate planning is now more than ever a critical tool that can be used to assure that your [Read More ...]
I'm just kidding, you have no idea why. I did just see that clause in a Will this week and wanted to share with my friends. LOL Regardless.... I'd like to give an update on our operations and our commitment to service in these crazy times. As always, we are dedicated to ensuring a safe [Read More ...]
Hang on to your hats people, Aretha Franklin had THREE Wills! If you recall, I recently wrote an especially titillating article about how the Queen of Soul passed away intestate, without a will or trust. Come to find out that she had drafted three handwritten wills, recently discovered in her Michigan home. And because we love to [Read More ...]
The Boys N' The Hood director passed away on Monday, April 29, 2019 with an estate estimated at $35M and a Will from 1993. Although a Will doesn't expire, an outdated Will is almost (not quite) as bad as not having a Will. Singleton is survived by seven children, however, only his first-born child, Justice, [Read More ...]
Malcolm McCormick, known and adored by fans as Mac Miller, the rap artist, passed away on September 7 with an estate estimated at 14 million dollars. The 26-year-old rapper set up both a trust and a will in 2013! I know, this information is enough for anarticle these days!! But there's more...as expected, he named [Read More ...]
Hollywood star Burt Reynolds intentionally left his son, Quinton, out of his will, but it doesn’t appear to be due to bad blood. The actor known for his roles in “Smokey and the Bandit”, “Deliverance” and “Boogie Nights,” provided for his 30-year-old son via a trust. “Disinherited” is a word you don’t want to hear, [Read More ...]
What happens when a self-made millionaire leaves most of his fortune to his son, only for a paternity test to reveal there was no biological relation between the two men? Elis Gosta Hjukstrom died of cancer in 2017 at the age of 87, leaving a Canadian import and distribution business and a Swedish family estate. [Read More ...]
In the estate planning process, beneficiary designation mistakes are considered especially costly. In Florida, dedicated attorneys who handle wills, trusts and probate matters are members of an elite squad known as estate planning attorneys. These are their stories. Dun Dun. Couldn’t resist. Below are a few of my favorite celebrities’ estate planning blunders and the [Read More ...]
Anthony Bourdain not only loved to explore but also made it a point to inspire others to travel. In his Last Will and Testament, he specifically bequeathed his frequent flyer miles to his wife and asked that she “dispose of [them] in accordance with what [she] believes to have been my wishes.” Although most loyalty [Read More ...]
It appears that a gentleman in Queensland, Australia, wrote out a text distributing his property to this brother and nephew and disinheriting his wife and son. He ended the text with the words "my will" but never sent it. A few hours after preparing the text, he tragically took his own life. The text was [Read More ...]
In case you haven’t heard, Hugh Hefner “Hef”, the publisher of Playboy Magazine, died last month, at the age of ninety-one. Although his Will was not made public, It’s clear that Hef took the necessary steps to ensure that his estate plan was iron clad. Hef is survived by his third wife Crystal Hefner and [Read More ...]
Although Florida has adopted its own code provisions regarding the practice and procedure for admitting lost or destroyed Wills into probate (see Florida Probate Rule 5.510), a national Will registry is an exciting notion. The U.S. Will Registry (www.WillsUS.com) will allow individuals to find the location and holders of Last Wills and Testaments. The registry [Read More ...]
As an estate planning attorney, I’m often asked, "How do I know if I need a trust as opposed to a will?" Many people assume that Trusts are just for the wealthy, but the benefits that they offer to the average person are significant. Here are a few factors to consider when deciding between a [Read More ...]
I get asked this question a lot. The general rule is that in your Last Will and Testament, you can dictate who gets your property after your death. The surprising fact is that in Florida and New York you cannot intentionally disinherit your spouse unless he or she agrees in writing to be disinherited (through [Read More ...]
