Celebrity deaths - will mistakes to avoid

Celebrity deaths - will mistakes to avoid

Celebrity deaths – will mistakes to avoid

by | Inheritance

In recent years, many beloved celebrities, young and old, have passed on.  Their talent and impact on the world will be remembered forever.

What you also need to remember is to avoid the mistakes and learn the lessons from some of our favourite celebrities estate planning (or lack of!).

  1.  Write a will!  Musician Prince died unexpectedly and with a huge personal fortune.  Whilst he wrote amazing music, he never wrote a will….  This has resulted in legal battles and a prolonged probate, with the courts deciding who got the cash.  He may have other plans for his wealth but unfortunately without a will, the law decides.
  2. You can write a will from 18 years old.  It is never too soon to start planning your will but only 30% of 35-44 year olds have written a testament.  Actor Paul Walker died aged 40 in a tragic car accident.  Fortunately, he wrote a will at the age of 28 ensuring his daughter was provided for.
  3. Clear intentions.  If you are going to write a will, take time to consider the gifts you will make.  Where you can, be specific.  Actress and philanthropist Audrey Hepburn desired her personal items be split equally between her sons.  However, these items rose significantly in value and after her death in 1993, it took another 22 years for the sons to reach an amicable agreement – at a huge legal cost!
  4. Not just assets.  If you have specific wishes about your funeral or wake or religious preferences, these also need to be in your will.  Your executors should also be informed so they can begin planning as soon as you die, in case there is a delay in the reading of your will or your beliefs require immediate action.  Boxing legend Muhammad Ali requested a festival, multi day celebrations and a public memorial in his will.

If you have concerns or queries about your wishes, contact us today to assist with your will planning, before its too late!

 

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Testimonials

"For various reasons, my situation turned out to be quite complicated and I needed two wills (as advised by UK...

Jenny Pearson, Consultant, Cambodia

2018-06-05T07:59:04+00:00

Jenny Pearson, Consultant, Cambodia

"For various reasons, my situation turned out to be quite complicated and I needed two wills (as advised by UK tax specialist) to keep my English and Cambodian assets completely separate. Cindy was able to work through all of that with me and I am confident that I now have everything properly covered."
"Cindy is knowledgeable, approachable, incredibly helpful, and highly professional. She helped me to understand the implications of my requests and...

Jayne Hilton, Engineer, UK

2018-06-05T08:30:28+00:00

Jayne Hilton, Engineer, UK

"Cindy is knowledgeable, approachable, incredibly helpful, and highly professional. She helped me to understand the implications of my requests and was always on hand to offer guidance and support. All in all an excellent service."
"It was a pleasure to work with Cindy and her team! Even though planning for one’s own death is a...

Jim Swander, CEO, Cambodia

2018-06-05T08:37:50+00:00

Jim Swander, CEO, Cambodia

"It was a pleasure to work with Cindy and her team! Even though planning for one’s own death is a project we all can easily put off, it removed an area of stress in my life. I no longer had to wonder if certain people would be taken care of, or where my money would go. Cindy and I worked through the process and she asked a lot of thought provoking questions. The first draft helped me think a second layer down, and made the will more complete. We finalised with her lawyer, signed, witnessed and put away in a safe place, letting my executor know exactly where to find it. I do not hesitate to recommend Cindy’s services."
"Cindy made the process of making a Will painless and efficient which we really appreciated. She was sensitive to avoid...

Moray Iles, Vietnam

2018-06-05T08:42:23+00:00

Moray Iles, Vietnam

"Cindy made the process of making a Will painless and efficient which we really appreciated. She was sensitive to avoid putting pressure or hassle to complete the Will quickly which allowed us to consider everything in our own time. Best of all, Cindy's professional support and thorough and clear explanation of the laws pertaining to our situation were very helpful. We would look forward to working with Cindy again on documents personal to our family."
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