Many people think that if someone has a bunch of money or is famous, they have all of their financial affairs in order. They have an organized, well-structured estate plan and their loved ones will certainly be taken care of. Unfortunately, this is a complete misconception. The sad fact is that many wealthy individuals and movie stars fail to take the time to meet with an estate planning attorney to establish an organized, detailed estate plan. The result is an estate planning fiasco that costs the estate millions of dollars or winds up in court. I recently wrote a blog highlighting just a few estate planning nightmares. Check it out here:
Title: Famous People and Estate Planning Disasters
http://insightlaw.net/bobbys-blog/famous-people-and-estate-planning-disasters
