5 Interesting Celebrity Estate Planning Facts Everyone needs an estate plan, even celebrities. An estate plan can allow you to plan for your life, future, disability, and distribution of assets. If you have yet to create an estate plan, now is the time to do so. You never know when the unexpected will happen and it’s better to have a plan in place so that you and your family are protected. Take a look at some of the celebrity estate planning facts below. If you have questions about your personal need for an estate plan, consult with an estate planning attorney. Famous author George Orwell left instructions in his estate plan to mark his grave with his real name, Eric Arthur Blair. Jerry Garcia chose to outline the distribution of his guitars and other important artifacts in his will. Babe Ruth had created the Babe Ruth Foundation shortly before his death as a way to benefit underprivileged children. In a trust, he outlined his instructions that 10% of the trust’s funds be given to the Babe Ruth Foundation. Charles Dickens chose to include instructions in his estate plan that requested that his funeral guests not wear traditional funeral attire. He also requested that his funeral be held privately. Many celebrities failed to create a will during their lifetime. Some of these celebrities include Buddy Holly, Kurt Cobain, Martin Luther King, Jr. and Andrew Jackson. Dying intestate (i.e. without a will) often leads to lengthy and costly court battles and can also allow some loved ones to be disinherited. Join in with these celebrities and famous persons. Create your own estate plan to carry out your wishes. If you have additional questions about the need for an estate plan or what you should include in your estate plan, consult with a qualified estate planning attorney. Experienced estate planning attorneys Mobile AL of the Ryan Hicks Cumpton & Cumpton LLP offers estate planning and business planning resources to residents of Mobile AL. To learn more about these free resources, please visit www.epattorneys.com today.
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