I saw this in the news and wondered, how many people understand the importance of having a will. Do you know how much heartache you could save your family. Not having a Will, destroys too many relationships. Now it's time to take action. Get educated and secure your assets, from the IRS and the courts, who can legally take property and assets. Don't be the next legal victim!
Do you have a Will or Not?
Lack of knowledge causes, unnecessary heartaches!
Former child actor Gary Coleman didn’t have much when he died in Utah in 2010 -- just a modest house with a mortgage and some acting royalties. But he left behind dueling wills, along with a puzzling note that set off a court fight. Coleman was 42 when he fell at home and slipped into a coma. Price, whom he had empowered to make medical decisions if he were incapacitated, ordered his doctor to disconnect life support a day later. A court document later said Coleman’s living will asked that he be kept alive for at least 15 days in such circumstances. He never updated his will and someone to make the wrong choices for his life, when he could not. Cold and feels heartless but legal, when a Will is not updated, timely.
When “Sopranos” star James Gandolfini died last month at the age of 51, many mourned the burly actor’s premature death. But that was followed quickly by a wave of stories about Gandolfini’s will, an unusually brief and unnecessarily public document that may not have properly protected the assets he left to his wife and children.
The will, which is still being examined and debated, illustrates the importance of having a solid estate plan in place, especially if you have significant assets to protect. Even wealthy celebrities, who should have access to best financial and estate-planning advice, sometimes leave behind ugly court battles, monstrous legal fees and other entanglements due to bad planning -- or no planning.
Anna Nicole Smith
Vickie Lynn Marshall -- better known by her stage name Anna Nicole Smith -- was 26 when she married 89-year-old billionaire J. Howard Marshall II, whom she’d met at the strip club where she worked. Her husband died 13 months later. Shortly after the marriage, the elder Marshall's son helped his father draft a new will that left her nothing and didn’t even acknowledge her as the spouse.
The takeaway: You should update your estate plans after every major life event. Also, be very careful about whom you choose as power of attorney for medical and financial decisions. They have your life in their hands.
YOU MUST GET A WILL?
A. It does not matter who you are, a WILL, LIVING WILL, Power of Attorney is needed.
B. When someone dies people change, because emotions can not be trusted.
C. Get educated, do your own research but get a Will, it can be inexpensive.
I hope this is information has encouraged you to make a wise decision to get your WILL today. You will wish you have a Will, later....?
Get all the advice & instructions you can, so you will be wise in making an good sound decision,
Eliza Dukes, Identity Crisis Consultant
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