Picasso’s Price: The Costly Consequences of Estate Planning Neglect
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Pablo Picasso Pablo Picasso, one of the most influential artists of the 20th century, died in 1973 without a will, leaving an estate valued at several hundred million dollars. His assets included artwork, five homes, cash, gold, and bonds. It took six years and an estimated $30 million in legal fees to settle his estate, […]
Navigating Neverland: Michael Jackson’s Estate Planning Pitfalls
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Michael Jackson Michael Jackson, the “King of Pop”, did have a will at the time of his death in 2009, but its execution has been anything but smooth. The will appointed his longtime attorney and a family friend as executors, a decision that has led to ongoing legal challenges from members of Jackson’s family. This […]
Rocky Mountain: John Denver and the Importance of Vetted Estate Documentation
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John Denver Singer-songwriter John Denver, known for hits like “Take Me Home, Country Roads,” died in a plane crash in 1997 without a will. The legal battles over his estate took nearly six years to settle, with his first wife (whom he’d divorced over a decade prior) even filing a claim. The distribution of his […]
James Brown – Beyond the Battle: The Crucial Role of Trusts in Estate Planning
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James Brown A 15-year legal battle over the estate of James Brown has come to an end, as the late singer’s family has reached a settlement in the case, according to the Associated Press. Why A Trust is Important and How This Would Have Protected This Case? A trust is a legal arrangement that plays […]
Chadwick Boseman: A Legacy Unplanned – The Urgency of Estate Documentation
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Chadwick Boseman Boseman, who died Aug. 28 after a four-year battle with colon cancer, died without a will. It is too soon to know what will happen to estate worth an estimated value of $938,500. Why It is Important To Have Documentation Saved and vetted Which Would Have Protected This Case? The case of Chadwick […]
Lincoln’s Legacy: The Urgent Need for a Thoughtful Estate Plan
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Abraham Lincoln Abraham Lincoln, the nation’s 16th president, has the distinction of being the first president to be assassinated (1865) as well as the first president to die without a will—despite being a lawyer himself. Why It is Important To Have Documentation Saved and vetted Which Would Have Protected This Case? Abraham Lincoln, the 16th […]