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Currently Viewing Posts Tagged Estate

On Wills or Not

In law school, I thought that I would enjoy doing estate work. I took 8 hours (two semesters) of Estate Planning. To date, I think that I have drafted a total of…. one will. That was in my first year of practice.

I thought I had a good plan for a law practice. Not so much!

Still, I do perk up when celebrity wills are discussed. Sometimes they have fascinating provisions. Leona Helmsley was the hotel owner/business woman who was known as the “Queen of Mean” because of the way that she treated her employees.

When she died, she excluded many relatives from her will. However, she did leave 12 million dollars to her dog Trouble.

Majel Barrett Roddenberry was the wife of Star Trek creator Gene Roddenberry. She was much nicer in her will. She left $4 million dollars to her dogs with a provision that they be allowed to continue to live in one of her mansions. In addition, she allocated an additional 1 million dollars to any loyal employee who was willing to live with the dogs.

Recently, musician Prince passed away without a will. That brought to light additional celebrities who died without a will. Here’s the USA Today article that includes Jimi Hendrix, Bob Marley and Sonny Bono. Curious lack of planning, except for Marley. He felt that estate planning was against his religion.

 

And for pic o’ day, a bit of responsibility… not!

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