Celebrity Estate Losses
Study the examples below to see how much each one lost due to poor planning. Many names you might recognize and assumed they had proper planning done. In many cases, with proper estate planning, the losses to the estate could have been reduced or eliminated. Elvis Presley was living for the day. He didn’t plan for the future or the 73% loss of his estate that could have been reduced or eliminated. Some may not qualify for certain planning options, but many people need to take the time to plan or part of your legacy will go to other places than you may desire.
***Taxes, legal fees, and government are usually popular destinations for those who don’t plan! These losses are avoidable if planning is done effectively and early!
Is it possible that your sole purpose in life is simply to serve as a warning to others? Look at these examples … or warnings.