“There are no words” was a text I received from a good friend born and raised, and still living, in Los Angeles. He’s a big Laker’s fan and a big Kobe fan. Kobe was beloved in LA but also throughout the US and even the world. He was truly a world class athlete. RIP Kobe […]
I love celebrity probate and estate stories. The latest is a double celeb story! Paulina Porizkova was excluded in Ric Ocasek’s will according to the story I read. Paulina was, of course, a famous model and actress. Her husband, or according to the story estranged husband, Ric Ocasek was the lead singer of the Car’s. […]
I saw this headline today and here’s a link to the article in Aretha’s hometown paper. The reality is it’s not shocking to have three wills and even three handwritten wills. This happens as people change their mind from time to time and/or in some cases handwritten documents might be wills. For a lawyer helping […]
What a week in America with John McCain and Aretha Franklin’s funerals being must-see TV on seemingly every channel. Yesterday I was presented with yet another article about Aretha Franklin’s lack of estate planning. Here’s a link. The question is what would her probate and estate look like had she died in California with no […]
I can’t get no respect, no respect I say…. Oh wait, I have my celebrities and their lines on respect wrong but we have yet ANOTHER celeb dying without a proper estate plan in place. Here’s a good article on CNBC about Aretha’s lack of planning. With an $80m estimated net worth the costs of […]
As an estate planning attorney I help clients plan the legacy they will leave. Often it’s simple such as “I leave everything to my children….” Other times it’s a gift to an old friend, a church, or other charitable organization. I just read an interesting article, on ESPN.com, about the former University of North Carolina […]
Donald Sterling has a pretty large net worth. I don’t know if it’s $2 billion or $3 billion or what exactly it is. I think most of us estate planning attorneys would call him “high net worth.” I certainly don’t have any billionaire clients at this time. Anyway, he is probably busily working with a […]
I read about the Michael Jackson tax dispute with the IRS on a legit website but figured I would get better dirt on TMV so here’s the link to that article. Most of my readers understand that when a wealthy person dies their estate may have to pay an “estate tax” which is basically a […]
It appears another celeb has died without a proper estate plan in place. He made a ton of money on the Fast and Furious movies and apparently led his life fast and furious! Here’s a link to a good article about this sad situation.
It’s amazing how poorly planned many celebs are. Thomas Kinkade’s estate debacle was yet another in a long line of messed up celebrity estates. The Sacramento Bee has reported that it has been settled privately. Here is a link to the article.