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Highlighting Celebrity Estate Planning Issues Part 2 [Episode 89]
Attorney-CPA Joe Cordell and co-host Susan Arthur continue
their discussion on estate planning issues that arise for celebrities. They
discuss musician Ray Charles and the issues surrounding the trusts that he
established for his children, as well as the amount that he left for his
charitable foundation. Due to a lack of clarity and updates regarding the
amounts being given to each child, litigation occurred.
Joe and Susan also discuss musician and aspiring politician
Sonny Bono and his lack of will during the time of his death. They highlight
how her former wife, Cher, sued the estate for unpaid alimony and was able to
collect, despite her own success.
They talk about R&B singer Barry White and the lack of
updates of his will. This, paired with the fact that his divorce to his second
wife was not made legal, caused problems among the family members involved.
Joe and Susan also break down the issues surrounding Michael
Jackson’s last wishes and the issues surrounding having a pour-over will and not
putting the assets in a trust, as well as the estate of former Miami Dolphins
owner Joe Robbie and the problems he had with his will, revocable trust, and
his spouse’s forced share. They wrap up the show by discussing how much money
Leona Helmsley gave her dog after she died.
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By Life's Third Act
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Attorney-CPA Joe Cordell and co-host Susan Arthur continue
their discussion on estate planning issues that arise for celebrities. They
discuss musician Ray Charles and the issues surrounding the trusts that he
established for his children, as well as the amount that he left for his
charitable foundation. Due to a lack of clarity and updates regarding the
amounts being given to each child, litigation occurred.
Joe and Susan also discuss musician and aspiring politician
Sonny Bono and his lack of will during the time of his death. They highlight
how her former wife, Cher, sued the estate for unpaid alimony and was able to
collect, despite her own success.
They talk about R&B singer Barry White and the lack of
updates of his will. This, paired with the fact that his divorce to his second
wife was not made legal, caused problems among the family members involved.
Joe and Susan also break down the issues surrounding Michael
Jackson’s last wishes and the issues surrounding having a pour-over will and not
putting the assets in a trust, as well as the estate of former Miami Dolphins
owner Joe Robbie and the problems he had with his will, revocable trust, and
his spouse’s forced share. They wrap up the show by discussing how much money
Leona Helmsley gave her dog after she died.