Estate Planning Faux Pa’s of the Rich and Famous

Another version of failing to plan that equals planning to fail.

The number of rich and famous people who fail to plan or have inadequate plans for their estates are too numerous to mention:

1.Graucho Marx
Groucho Marx had a will, however he did not have a comprehensive estate plan. As a result, Groucho Marx’s case is cited by many associations as an example of why strong legislation is needed to protect individuals from guardian abuse. Unfortunately, court-appointed guardians do not always receive the necessary and proper supervision and an individual can be the subject of substantial guardian abuse. As a result, keeping your estate plan up to date with trustees and powers of attorney who you know and trust is