October 30, 2012
Estate Planning Lessons Learned
Recently, Natina Reed, noted for her role as Jenelope in the movie "Bring It On" and a member of the girl group "Blaque," passed away when a car struck her as a pedestrian. She died rather young at the age of 32. Like most people, Reed did not have any formal estate planning documents in place at her death. The lesson that can be learned here is that it is never too early to begin planning for a person's death, which includes the traditional estate planning documents. This is especially the case when a person has a minor child, which is what happened here in Natina Reed's case. The reason that a will is so important is because it is one of the few documents that a person can use to appoint a guardian for a minor. In fact, it "is the only way to appoint a potential successor guardian for a minor in many jurisdictions."
See Evan Guthrie Law Firm, Estate Planning: Lessons Learned From Natina Reed, JDSupra, Oct. 29, 2012.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
TrackBack URL for this entry:
Listed below are links to weblogs that reference Estate Planning Lessons Learned:
This is just another reminder of the importance of an Estate Plan. Meeting with an experienced Estate Planning attorney and memorializing your wishes is one of the best things a person can do to provide peace of mind to themselves, and to their families. Not only will an adequate Estate Plan detail how a person wishes their assets to be distributed, upon their death or incapacity, but it should also provide direction as to who is to raise their minor children. Death of a loved one is tragic enough on it's own, why should a family have to suffer unnecessarily, trying to determine what the decedent wanted. Make this your New Year's Resolution, create an Estate Plan. Thank you for providing this heartfelt reminder of the necessity of Estate Planning.
Posted by: Alisha Walker | Jan 24, 2013 7:31:21 AM