Page 9 - Jupiter West - December '19

Jupiter West, Page 9
What These Four Famous Estate Planning Debacles

Can Tell You About Proper Planning

Are You Failing Your fund babies.” Fair enough, but he decided to leave his consultation today by calling our office at (561) 694-

Family The Way These Four inheritance with his girlfriend, counting on her to care 7827, Anné Desormier-Cartwright, Esq., Elder & Estate
Planning Attorneys PA, 480 Maplewood Drive, Suite 3,
for his children on his behalf. The problem: there was
Celebrities Failed Theirs? no guarantee that would happen. Since the two weren’t Jupiter, FL 33458.
married, Hoffman’s estate was hit with a huge tax. One The content of this article is general and should not be
Submitted by Anné lesson for us: A trust that includes your guidance about relied upon without review of your specific circumstances
Desormier-Cartwright, Esq. the proper use of the funds is better than hoping for the by competent legal counsel. Reliance on the information
These four celebrity best with one that leaves your wishes undefined. herein is at your own risk, as it expresses no opinion by
estate planning fiascos 4. Tom Clancy – Author Tom Clancy left behind a the firm on your specific circumstances or legal needs.
offer lessons about how to huge fortune, but his estate planning documents weren’t An attorney client relationship is not created through the
handle your own planning clear about some of the important details. These issues led information provided herein.
and legacies. to drama for family members. One lesson for us: the more
1. Pablo Picasso – The complicated your family, your assets, and your business
great Dada artist died dealings are, the more accurate, precise, and proactive
in 1973 at 91 without a you need to be in working with us on your estate plan.
will, a status referred to Whether you’re just starting to explore the need for
as “intestate.” Of course, estate planning or you’re a seasoned veteran with a well- Southern Exposure Technologies
Picasso isn’t the first, or the last, celebrity to die intestate. worn trust binder, we should all remember a few key Computer Install/Setup/Repair
However, after he died, his six heirs fought for six years points:
over the wealth of assets he left behind. One lesson for • Have estate planning documents in place, even if (561) 315-0144
us: Make sure you have your estate planning documents you’re young and healthy and think you’ll have plenty getsetgo.annie@gmail.com
in place before you go. of time to get things in order later. * DSL, Broadband,Wireless Install
2. Heath Ledger – It was a huge surprise, and • When there’s a change in your family situation * Networking, Troubleshooting
disappointment, to millions of adoring fans when Heath (marriage, birth, or death) or if you’ve changed your * Instruction
Ledger died in 2008 at the age of 28. He did leave a will. mind about something, update your plans accordingly. * Hardware/Software Installation
Unfortunately, he didn’t update the will after the birth Do not assume that, since you have a plan in place, it’ll * Virus/Spyware/Adware Fix
* Cleanup/Maintenance/Backup
of his daughter. Fortunately for his daughter, the family automatically update to match your current desires and * Business Consult/Startup/Move
decided to include her in the inheritance, which proves needs. * Website Design/Maintenance
that sometimes people do the right thing. But what if • Provide guidance to your family about how you’d Call S.E.T. to install your “new computer, printer
his family had insisted instead on the terms of Heath’s like them to use their inheritance. Do not rely on hope and wireless network”!
will? One lesson for us: When there’s a big change in or verbal instructions. The best place for guidance is in GET S.E.T. GO!
your family situation (or when you have a life changing your trust or in an intent letter that can help your trustee REASONABLE HOURLY, WEEKLY, MONTHLY RATES
epiphany about your core values and legacy), update manage your trust. FOR SMALL BUSINESSES FOR AS LOW AS $50.00 AN HOUR,
WITH A MINIMUM OF 6 HOURS A MONTH,
your plans accordingly. Do not assume that just because • If you’re well-off or have complex assets, you need OR 2 HOURS A WEEK, OR ON AN AS-NEEDED
you’re young and healthy that you will have lots of time to work with your trust lawyer in a more proactive way to BASIS RATE OF $75.00 P/HOUR.
to get things in order. Do not assume that, since you have avoid potential missteps while still achieving your goals. START YOUR NEW YEAR WITH SECURE BACKUPS,
a plan in place, it’ll automatically update to match your When you’re ready to draft your estate documents, QUALITY MAINTENANCE, ATTENTION TO DETAIL AND
current desires and needs. give our attorneys a call to set an appointment. PERSONABLE ON-SITE SUPPORT!
(561) 315-0144
3. Philip Seymour Hoffman – Actor Philip Seymour If you have questions about this article or your estate CALL S.E.T. TODAY FOR YOUR COMPUTER NEEDS!
Hoffman didn’t want his children to grow up as “trust- plan and what documents are necessary, schedule a

The gi of compassion.

Savor the good life at
Every day. MorseLife Memory Care.

Now more than ever, your loved one deserves
top-notch care, unrivaled compassion and
the comforts of home.

And you deserve the comfort of providing your family
member with a safe setting. At MorseLife Memory
Care, they’ll enjoy more favorite foods prepared by
private chefs; more fun with new friends,
more precious time with family, and you’ll both
have more freedom from worry.

A compassionate team with high staffi ng ratios
In-house chefs preparing fresh foods and baked goods daily
Memory supporting music, art and dance programs
Resident outings • Spa, gardens and walking paths
A safe, secure, caring environment designed for relaxation

Call Edy for an exclusive off er: 561-286-8198

Marilyn & Stanley M. Katz Seniors Campus
4847 David S. Mack Drive, West Palm Beach, FL 33417 | morselife.org

AL12684