the real/estate blog

Celebrity death match, round two

Posted in Celebrity Planning,Estate Planning by Cesia Green on June 25, 2013
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I have posted ofRed carpetten before on the fact that celebrities tend to make the same mistakes as the rest of us, just compounded by more money and more dependants (you can read posts here, here and here, for example). Sheyna Steiner has posted a new list of celebrity follies over at

From Leona Helmsley leaving money to her dog with no consideration given to her grandchildren, to quarterback Steve McNair who faced huge a tax burden from a lack of planning, to Jim Morrison whose estate ended up in the hands of his girlfriend’s parents rather than his own, it is clear that having great wealth does not lead to any greater likelihood of having estate planning documents in place.

Be better than the celebrities you follow. Do some planning.



Posted in Estate Planning by Cesia Green on August 21, 2012
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I’ve mentioned it a lot before: wills are complicated, and hard to do on your own. I feel rather vindicated after reading this article in Consumer Reports, where they analyzed several online will-production tools and established that, unsurprisingly, unless your needs are very simple, you are better off hiring a lawyer.

The author made a couple of points worth reiterating:

  1. The forms are somewhat specific to the jurisdiction in which they were drafted. Rules change state to state and province to province, so you might not be doing something that would be useful where you are.
  2. They allow you to be a little too flexible, and add in your own words. This can lead you to very easily contradict both other parts of the will, and the law of your jurisdiction.

A will is a fairly complex document that will direct where all of your assets go when you no longer have any other control. Most of my clients come to see me thinking that they have a simple estate, and leave realizing that it is far more complicated than they thought. Do-it-yourself may be appropriate for painting your bathroom; it should not be how you craft your estate plan.