Avoid an Estate Planning Flop: Learn from Celebrities

You may expect celebrities to have the financial resources to button up their ⁠estate plans⁠ with crystal clear direction – especially with multi-million dollar empires at stake.

Recent news about the late singer Tony Bennett reminds us, however, that even the best plans can fall short. On this Life Happens Radio episode, attorneys ⁠Frank Hemming⁠ and ⁠Anthony Khatchoui⁠ take a close look at celebrity cases we can learn from.

Tony Bennett did establish a family ⁠trust⁠, but his daughters are now suing their brother who is trustee, accusing him of mishandling assets. They allege their brother failed to account for transactions and has benefitted personally instead of fairly dividing assets and memorabilia among beneficiaries.

In other instances, such as singer Prince and actor Chadwick Boseman, celebrities have died without a ⁠will⁠ – leaving their heirs with a legal mess. Frank and Anthony will use these cases as a springboard to discuss common mistakes and how to avoid them.

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