What These 4 Famous Estate Planning Debacles Can Tell You About Proper Planning
These four celebrity estate planning fiascos offer lessons about how to handle your own planning and legacies. 1. Pablo Picasso– The great Dada artist died in 1973 at 91 without a will, a status referred to as “intestate.” Of course, Picasso isn't the first, or the last, celebrity to die intestate. However, after he died, his six heirs fought for six years over the wealth of assets he left behind. One lesson for us: Make sure you have your estate planning documents in