With the death of Elizabeth Taylor, we are all reminded that planning ahead is essential. Back in 1998, Elizabeth Taylor had a near brush with death when she fell and broke her hip. It was then she decided to create a revocable living trust to protect her assets and make sure her wishes were followed. Given the fact her estate was worth $600 million to $1 billion, it’s a good thing she planned ahead. However, it remains to be seen if she dotted all her “I’s” and crossed all her “T’s” as the days go on.
Estate planning lessons we can learn from celebrities include the following:
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By Attorney Robert MansourRobert Mansour is an attorney who has been practicing law in California since 1993. Click here to learn more about Robert Mansour. |