Monthly Archives: December 2014

Joan Rivers Protected Her Family With Good Estate Planning

Joan Rivers was widely respected for her sense of humor, work ethic, and willingness to say almost anything for a laugh.  When it came to planning her estate, Rivers treated it as no laughing matter.  joan rivers estate planning

Joan Rivers’ last will and testament was signed on November 16, 2011.  A thorough and well-drafted legal document, her will named a living trust as her beneficiary.

Specifically, Joan Rivers, whose full legal name was Joan R. Rosenberg, signed the Rosenberg Family Trust on the same day as the will.  The will directed that all of her estate assets were to be distributed to that trust.

Melissa Rivers to Inherit Over $100 million of Joan Rivers Estate

Interestingly, the final version of Joan’s trust was far from her first.  In fact, the will stated that her trust was actually the 11th amendment of the original trust, and the third complete restatement.  This means that the original Rosenberg Family Trust was changed, many times over, and rewritten completely three times (not counting the original version).  When Read more...

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Top 10 Celebrity Stories To Spark Holiday Estate Planning Conversations

Sure the holidays are a fun time for families to sit around talking about what happened on walking deadthe latest episode of The Walking Dead or how granddaughter Mary is doing in dance class.  But they are also a great time to have the important — yet often difficult — conversations about estate planning.  What happens when Mom dies?  Does anyone know where Dad kept his will?  Did they ever transfer the investment accounts into their revocable living trust like they were supposed to?

Many families don’t ask these tough questions … especially when dynamics are strained, like in many second-marriage families or when siblings don’t get along well.  It certainly isn’t easy to blurt out after passing the gravy, “Hey Dad, does your will put me or your wife in charge of your estate?”

But these conversations are important.  When the proper estate planning isn’t done, it’s the family members left behind who pay the price, often with bitter, ugly, and costly probate court battles.  They happen to families all Read more...

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