For some reason we don't often think about Wills, Trusts or Powers of Attorney, or about making sure that the things we own or are responsible for are going to be effectively managed in the event of our incapacity or death. I have also noticed that most of my clients are over the age of 40, and have concluded that younger adults don't believe they need an estate plan until they are much older or have accumulated more assets.
How can I keep my son's wife from getting his inheritance? Its funny but during the course of most discussions between husbands and wives involving the distribution of assets to children, our clients express concern about what I call the "Evil Spouse." Normally this comes up during the part of our process where we are discussing how everything is ultimately going to go pass to beneficiaries after both husband and wife have died.
James Dean was a Hollywood icon and one of the most famous men in the world when he died at age 24. Success was easy for Dean and he enjoyed the best of everything the world had to offer while amassing a fortune as an actor in the film industry.
Alot of us remember Marilyn Monroe, a Hollywood icon and the subject of all kinds of speculation about her life, both personal and as an actress. She is still one of the most famous people ever to grace Hollywood, and her likeness is readily recognized around the world. What most people don’t know is that for all the wealth she amassed, none of it went to her family, her favorite charity, or those she loved.