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Celebrity Estate Planning

Tuesday, May 17, 2016

Keep Your Estate Conflict-Free!


Prince is just the latest in a long line of celebrities who have failed to properly plan their estate. But it's not just celebrities who mess up or brush aside estate planning. Statistics show that at least half of adults in the United States don't have an estate plan.

Lawyers across the country continue to report an increase in estate litigation. There's no perfect solution to solving this problem, but a great place to start is with an estate planning attorney that you trust.
Read more . . .


Tuesday, February 3, 2015

Robin Williams Estate Challenge

This week, The New York Times published an article describing, unfortunately, a common occurrence in estate administration and probate. Robin Williams, married to his second wife, had three children from his first marriage. His estate plan attempted to provide for both his second wife and his children from the first marriage. Estate planning for a blended family is almost an art, because you have to balance many sensitive issues.

Six months after his death, the conflict seems to be centered over the personal property left in his home, particularly valuable items linked to his career.

Whether Robin Williams had $30 million or $300,000, it wouldn't matter. We've seen estates for celebrities that have no money, but relatives fight over their namesake and the personal property and collectibles. 

For ordinary folks, we often feel that celebrity estate planning mistakes won't happen to us. However, the same principles apply whether celebrity or not. Family is family, and conflicts are bound to occur if (1) the estate plan is not set up properly and reviewed regularly, (2) you haven't clearly communicated your intentions to your loved ones, and (3) you left some ambiguity in your will or trust. 

You can read the article by clicking here.

If you need assistance with your estate planning, contact The Law Offices of Jeremy A. Wechsler today at (215) 706-0200. The only good estate plan is an updated estate plan.


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The Law Offices of Jeremy A. Wechsler assist clients with Estate Planning matters in Willow Grove, PA as well as Abington, Hatboro, Dresher, Horsham, Bryn Athyn, Huntingdon Valley, Fort Washington, Jenkintown, Glenside, Oreland, Warminister, Wyncote, Ambler, Elkins Park, Flourtown, Philadelphia, Warrington, Cheltenham, Gwynedd Valley, Jamison, Feasterville Trevose, Richboro, North Wales, Blue Bell, Lafayette Hill, King of Prussia, Collegeville, Oaks, Phoenixville, Oxford Valley, Langhorne, Penndel, Bristol, Fairless Hills, Bensalem, Plymouth Meeting, Furlong, Philadelphia County, Bucks County and Montgomery County.

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