If you were rich and famous you would certainly find the time to create an estate plan right? Most of us assume that we would do so, but a surprising number of the rich and famous failed to do so. In fact, there have been a number of famous, and wealthy, people who have died without leaving behind as much as a Last Will and Testament! The following is a small list of those rich and famous who died intestate:
Pablo Picasso: The famous artist died at the age of 91 leaving behind homes, cash and artwork valued in the millions, but did not leave behind a Will. Six years later, at an estimated cost of $30 million, his estate was settled.
DJ AM: Although this name may only be familiar to those of a certain age group, the famous DJ died of a drug overdose in 2009 without having executed a Will prior to his death.
Steve McNair: The NFL star was shot and killed by an alleged girlfriend at the age of 36. McNair left behind a family and a fortune, but no Will.
Bob Marley: The man who put reggae music on the map died after an eight month long bout with cancer, yet did not see fit to create a Will prior to his death. After his death, alleged children, mothers of those children and various relatives filed claims to his estate estimated to be worth $30 million at the time.
- How Will You Age in Place and Be Able to Die at Home? - August 16, 2020
- Beneficiary Designations and Other Non-Probate Transfers - August 15, 2020
- Leaving Assets Can Be Tricky – Part 3 - August 13, 2020