We don’t think anyone gets up in the morning and says, “Yippee! Today, I’ll call an estate planning lawyer to discuss creating a comprehensive estate plan.” However, we do think you should consider creating a plan that addresses all you Why? Consider this solid estate planning lesson from the estate of author, Stieg Larsson, who wrote the incredibly successful Girl with the Dragon Tattoo.
No Estate Plan
Larsson died, suddenly, at age 50; he had no estate plan. None. What he did have was a girlfriend he had lived with for 32 years and at least $40 million. The estate could actually be much larger as the movie adaption of Girl with the Dragon Tattoo grossed over $140 million.
Because Larsson and his girlfriend were not married and because he didn’t have a will or trust, his father and brother inherited his assets; they even sued to get Larsson’s laptop because it had an unpublished manuscript on it.
The litigation continues as of this writing.
Loss of Control, Burden, Pain, Huge Fees
No estate plan means no control; the courts will decide who gets what of Larsson’s assets at a huge financial and emotional cost. Imagine the emotional pain of losing a loved one and going through litigation. This is a huge burden and not the legacy most people would choose to leave.
Learn from the Girl with the Dragon Tattoo; call an experienced and qualified estate planning attorney today to schedule an estate planning consultation.
Latest posts by Timothy P. Murphy (see all)
- The Keys to a Successful Estate Plan - December 13, 2019
- Important Estate Planning Tools for the LGBTQ Community - December 11, 2019
- Don’t Accidently Disinherit Your Children - December 9, 2019