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October 2014

Using Celebrity Stories Is A Great Way To Bring Up Estate Planning recently featured an interesting article about the benefits that families gain by having the estate planning conversation early.  Not only does it improve family relationships, it helps sets the stage and prepares family members for facing the difficult issues caused by a loved one who ages or passes away.    Trial and Heirs cover 2nd-edition

The article noted how a UBS Wealth Management study recently found that only 43% of affluent Americans felt that having this conversation with their heirs was a pressing issue.  That’s surprising because experts predict that between now and the year 2050, the largest wealth transfer in U.S. history will occur:  a whopping 30 trillion dollars.

The problem is that having this conversation is seldom easy.  Who wants to sit around talking about legal and financial planning for when someone dies or becomes incapacitated?  Most family members are too busy with the stress of their daily work and personal routines to worry about talking to loved ones about death and dying.

While the MarketWatch article includes a couple suggestions, there is one more that we are huge proponents of:  using celebrity stories.  Instead of awkwardly beginning the conversation by asking your loved ones to consider what will happen when you pass away, why not bring up Robin Williams, Joan Rivers, Princess Diana, or even Elvis?  These are all celebrities we have recently written about here at Trial & Heirs.

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Could The Amanda Bynes Dilemma Happen In Your Family?

The struggles of former child actress, Amanda Bynes, have been well-documented.  She had numerous brushes with the law, including repeated drunk driving and other drug and alcohol-related charges, reported shoplifting attempts, and even more bizarre behavior — such as setting fire to her pants and dousing her dog with gasoline in the driveway of an elderly neighbor.   Amanda_Bynes

In 2013, her struggles culminated in guardianship/conservatorship proceedings in California, giving her parents the right to make decisions for her as her conservators.  Amanda lived with her parents for the year, and seemed to be doing much better — enrolling in fashion school and avoiding both drugs and legal problems.

After the first year of conservatorship, her parents elected to let the proceedings terminate, restoring Amanda Bynes’s rights to make her own decisions.  They reportedly felt that she had been misdiagnosed with schizophrenia, and her problems instead stemmed from her use of marijuana.  Feeling the drug problems were behind her, Amanda’s parents decided to treat her as an adult and let her live her own life.

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Dispute Over Where To Bury Casey Kasem Teaches Lesson

The famed American Top 40 Countdown DJ passed away in June, at age 82, with a host of medical problems including advanced Lewy Body dementia.  Now, almost four months later, Casey Kasem’s remains still have not been laid to rest.  Casey and Jean Kasem

It’s a tragic story of a feuding family.  And unfortunately, it’s one that won’t likely end any time soon.

Kasem’s wife of more than 30 years, Jean Kasem, wasn’t exactly close with his three adult children from his first marriage.  In fact, Casey’s daughter Kerri Kasem recently said in an interview with Howard Stern that Jean Kasem didn’t like her or her siblings since the time that Kerri was just nine years old.   According to Kerri, Jean would even invent bad deeds that she told Casey the children had done so he would be mad at them.

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