Many families have resolved to get an estate plan in place, or reviewing an older, existing one. This should be high on everyone’s list. Yet, many still won’t find time to get around to it this year. This year, how about a celebrity’s estate planning tragedy, that is all too common, to help encourage you…
Jim Morrison, the late lead singer of The Doors, died in 1971 at age 27. Before his death he had signed a simple, one-page Will that left everything to his girlfriend, Pamela Courson (or if she died before he did, to his brother and sister).As a result of the Will, Courson inherited his entire estate when he passed. Unfortunately, Courson, herself, died shortly afterward. Because Courson didn’t have a Will, most of Morrison’s fortune then went — by law — to Courson’s closest living relatives: her parents. [Read more…]
