Highlighting Celebrity Estate Planning Issues Part 1 [Episode 88]
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Attorney-CPA Joe Cordell and co-host Susan Arthur dive into estate planning through the lens of celebrities and use them to highlight the ways that you can put a plan in place, in order to take care of those that you care about.
They discuss the story surrounding Buzz Aldrin and his desire to get married again, despite his children’s concerns regarding competence and the legal implements regarding guardianship that are in place. They talk about the possibility of a prenuptial agreement providing safeguards that could quell the concerns of the children.
Joe and Susan discuss the detailed will and trust of Frank Sinatra and the company that his daughter was running, but was left to his wife, Barbara. They also discuss former Chief Justice of the Supreme Court Warren Burger and his 176-word will. The division of assets was not evenly split, causing discord among family members.
They also talk about the will of Lauren Bacall and the taxes due on her estate. Joe discusses issues involving liquidity in estate planning. Joe and Susan wrap things up by talking about Lisa Marie Presley and her issues surrounding her father’s estate and the issues surrounding her own finances.
