I have posted often before on the fact that celebrities tend to make the same mistakes as the rest of us, just compounded by more money and more dependants (you can read posts here, here and here, for example). Sheyna Steiner has posted a new list of celebrity follies over at Bankrate.com.
From Leona Helmsley leaving money to her dog with no consideration given to her grandchildren, to quarterback Steve McNair who faced huge a tax burden from a lack of planning, to Jim Morrison whose estate ended up in the hands of his girlfriend’s parents rather than his own, it is clear that having great wealth does not lead to any greater likelihood of having estate planning documents in place.
Be better than the celebrities you follow. Do some planning.