Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Tuesday, July 10, 2018

Article on Celebrity Estate Planning: Misfires of the Rich and Famous

image from https://s3.amazonaws.com/feather-client-files-aviary-prod-us-east-1/2018-07-10/bf6db905-e082-4d4c-88eb-e90adb7e137b.pngJessica Galligan Goldsmith, Shaina S. Kamen, Christiana M. Lazo, David J. Posner, and Bruce D. Steiner recently published an Article entitled, Celebrity Estate Planning: Misfires of the Rich and Famous, Probate and Property Magazine, Vol. 32, No. 4, July/August 2018. Provided below is an abstract of the Article:

Like many ordinary individuals, celebrities often have outdated or nonexistent estate plans. Even when a celebrity has done careful estate planning and has well-drafted documents, changes in family circumstances or in the tax laws can create unexpected results. The estate plans of the celebrities discussed in this article, each selected to illustrate a different issue, offer useful lessons to estate planners and lay-persons alike.

  • Overly Simplistic Wills: Jim Morrison
  • After-Born Children: Philip Seymour Hoffman
  • Domicile: Heath Ledger
  • Second Families and Decanting:David Bowie
  • Promises, Promises: Anna Nicole Smith

http://lawprofessors.typepad.com/trusts_estates_prof/2018/07/article-on-celebrity-estate-planning-misfires-of-the-rich-and-famous.html

Articles, Current Events, Estate Planning - Generally, Film, Music, Wills | Permalink

Comments

Post a comment