Raquel Welch, whose acting career spanned five decades, passed away in February at the age of eighty-two. Welch appeared in more than thirty films and fifty television series, won a Golden Globe Award, and has a star on the Hollywood Walk of Fame. However, Welch was more than an actress. She was...
Category: Celebrity
What Happens to Elvis’s Legacy Now?
Elvis Presley, the King of Rock and Roll, died in 1977. Like most celebrities of his stature, he left behind a complicated legacy—and a considerable estate. Elvis’s estate, including Graceland, ended up in the hands of his only child, Lisa Marie Presley, who passed away in January at fifty-four years old. It...
Who Is Your Beneficiary? Marilyn Monroe Ultimately Had No Idea
When creating a last will and testament, it’s important to know your beneficiary. Sadly, that’s not always the case. Marilyn Monroe, one of the world’s most famous icons, didn’t seem to have any idea to whom she left her money.
Acting Coach & Psychiatrist Got Everything
Marilyn Monroe died at the age of 36 from...
What These 4 Famous Estate Planning Debacles Can Tell You About Proper Planning
Are you failing your family the way these 4 celebrities failed theirs?
These four celebrity estate planning fiascos offer lessons about how to handle your own planning and legacies.
1. Pablo Picasso – The great Dada artist died in 1973 at 91 without a will, a status referred to as...
Sonny Bono’s Procrastination in Creating a Will Led to Years of Estate Battles
Sonny Bono, the singer, songwriter, restauranteur, and former Congressman, died in a tragic ski accident in 1998 at the age of 62. His net worth was just under $2 million at the time of his death, yet Bono did not have a will. Apparently, he meant to have one drawn up, but simply...
Prince’s Sad and Incredibly Expensive Mistake! (Are You Making It, Too?)
The news of the unexpected death of music legend Prince, age 57, shocked the world and touched off stirring tributes from the likes of Bruce Springsteen, Elton John, the Harlem Gospel Choir and the cast of Saturday Night Live. Prince left a profound, indelible mark as an artist – when asked what it was...
Continue reading…
Philip Seymour Hoffman’s Will: 3 Critical Mistakes
Oscar-winning actor Philip Seymour Hoffman died from a drug overdose in February 2014. Sadly, he left behind three young children - and a fortune estimated to be worth $35 million.
He was only 46.
After his death, Mr. Hoffman’s Last Will and Testament was filed for probate.
· The Will is short –...
Over 70% of Elvis Presley’s Estate Paid in Taxes & Fees: How Can You Avoid the Same Trap?
Did you know that the legendary singer and actor, Elvis Presley, earned over a billion dollars throughout his somewhat short career? That’s billion – with a B. However, when the “King of Rock & Roll” died in 1977, his estate’s net worth was only $10 million.
Of that, over 70% went to pay...