Picasso’s Price: The Costly Consequences of Estate Planning Neglect
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
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
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
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
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
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 […]