The Business Insider recently published an article featuring Trial & Heirs‘ Top 10 Celebrity Estate Planning Mistakes. Here they are:
1. Jimi Hendrix’s Critical Error: Doing Nothing
If you do not plan your own estate while alive, you could end up like Jimi Hendrix and have someone that you barely knew controlling your legacy. Hendrix’s legacy was fought over in court more than 30 years after he died.
2. Justice Warren Burger’s Critical Error: Doing It Yourself
Former Supreme Court Justice Warren Burger created his own will with 176 words but he left out key provisions and his family paid the price.
3. Heath Ledger’s Critical Error: Not Updating
Heath Ledger never updated his will with the birth of his daughter, leading to chaos and family members fighting through the press.
