By Sarah Stewart Legal Group
Though rich and famous people should be more aware of their need for estate planning, they are not immune to forgetting to plan for their estates after their deaths. Today, we will discuss some of their most interesting requests and probate battles. Let these be a lesson for us all.
One of the most recent and public battles over an estate comes from the unexpected April 2016 death of pop music icon Prince. Prince was not married, had no children, and no direct next-of-kin. He also had no estate plan, not even a Will. According to the law of the state where Prince lived, his closest family members are set to inherit his $300 million fortune. Many unknown “family members” have made an appearance in the legal proceedings. The Judge has been forced to require DNA tests to prove the claimants relationships to the late legend.
(2) Joan Crawford
In 1977, Joan Crawford left a Will that disinherited her 2 oldest children from her $2 million estate. The two oldest children sued the estate for their portions, claiming Crawford was unduly influenced by her youngest child and husband to disinherit the children. After a lengthy legal battle, the children were able to recover a meager inheritance.
(3) Harry Houdini
Houdini died in 1926 and left a strange request in his Will. Houdini was interested in the paranormal and believed he could communicate with his wife outside the grave. He asked, in his Will, that she hold an annual seance. His wife followed his instructions, but Houdini never showed.
(4) Marilyn Monroe
Monroe left a Will giving all of her belongings to her mentor. She stated in her Will that her belongings should be shared among her friends and loved ones. Her mentor did not follow her wishes. Instead, he held on to her items until their value increased. When he died in 1982, his wife inherited the items and sold them. She profited nearly $14 million off Monroe’s estate.
(5) J. Howard Marshall II
Most of us know the infamous court battle between Anna Nicole Smith and her husband’s children over his estate. The oil tycoon died just over a year after his marriage. He left a Will, disinheriting Anna Nicole and his oldest son. Anna Nicole and the eldest son launched years of legal battles against the estate. In the end, both lost their battles.
(6) Leona Helmsley
At her death in 2007, Helmsley left $8 billion to her family charitable trust. The trust donates to education, conservation, and health projects. She also left her beloved dog $12 million in a trust (a Court later reduced this to $2 million).
(7) Janis Joplin
In her Will, Joplin left $2,500 ($15,500 today) for her friends to have a large party and celebrate her life. The party took place 3 weeks after her death at her favorite club. About 200 of her friends reportedly attended the festivities and, by all accounts, had a wonderful time.
(8) William Shakespeare
The famous writer was wealthy when he died in 1616. His Will gave generously to all of his children and many other family members, but he left little to his wife. Nevertheless, his wife was entitled to 1/3 of her husband’s estate under English law at the time of his death.