Estate administration can be seamless with the right estate planning. With the recent deaths of rock stars David Bowie and Glenn Frey, of the Eagles and actor Alan Rickman, people may be wondering who will be inheriting the fortunes amassed during a lifetime of albums, performances and movies.
Proper estate planning is crucial for every person no matter how big or small your estate is. After news spread of the tragic passing of famed actor Robin Williams, we also learned that Williams planned ahead with a trust for his children. According to TMZ, Williams enacted a trust where each of his three children would receive a third of the trust fund upon reaching a certain age, and it was not dependent on his death. Reportedly, he did this in an effort to not spoil them at a young age.
In Estate Administration, dying without a will can be complicated. Casey Kasem, best known for his time as the "American Top 40" radio host, passed away one June 15, 2014 as a result of complications from dementia. He was 82 years old. Kasem is survived by his second wife, Jean Kasem, and four children, three from his first marriage (Kerri, Mike, and Julie), and one from his marriage to Jean (Liberty).
Estate Administration: What's in a Will Contest Series