Whether famous or just regular folks, we are reminded by the following anecdote that a few extra steps in your estate planning will deliver on your intentions.
The actor started out being an excellent estate planner for himself. He drafted a will leaving everything to his parents and sister, but after the birth of his daughter he failed to update his will. The results were messy family fights in the media.
The lesson is to start well and then maintain the good beginning: Be sure to regularly update your will following life events like a birth, adoption, marriage, divorce, or death in the family.
I work daily with estate plans, and I would welcome the opportunity to discuss how we could develop a plan that would work for you. Call me, and let’s get acquainted.