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Prince, Tupac, And Snoop Dogg: 5 Top Musical Planning Mistakes

Prince died without a will. So did Tupac Shakur, Bob Marley, and many other legendary musicians. Snoop Dogg doesn't even want a will.  Prince 2

The question is: Why?

It seems like such a basic concept; everyone needs a will. Otherwise the laws of the state you live in determine who receives your assets and controls your legacy after you die. Without a will, you have no say in what happens, and the chances of a family fight increase dramatically.

Even though a will is relatively simple to create, studies consistently show that between 60% and two-thirds of adult Americans don't have a will. All states recognize a "holographic" will, which is one in your own hand-writing. They are perfectly valid as long as a couple basic conditions are met. This is not to say they are perfect by any means, but usually better than nothing. And most lawyers can create a basic will for a few hundred dollars or even less.

Even when an estate is modest is size, dying intestate -- without a will -- is never a good idea. So why don't more adults have wills -- including a surprising number of the extremely-wealthy?

These musical superstars highlight important lessons about why so many people fail to create a will before they die:

1. Prince:  Didn't Trust Professionals

The artist originally known, then formerly known, and then known again as Prince, reportedly developed a deep distrust of professionals, including lawyers.  He felt he had been burned earlier in his career by signing legal documents, so a stream of professionals was unable to convince Prince Rogers Nelson to sign important legal documents like a will.

The result?  His heirs and his legacy are in for trouble with what will likely be an expensive and drawn-out court fight over his vast fortune and musical legacy.

The first battle over the Prince Estate will be to determine who Prince's heirs actually are.  This morning, a man named Carlin Q. Willliams filed the first official paternity claim, based on his mother's affidavit saying she met Prince in July of 1976.  One thing led to another, and nine months later, Carlin was born.  A DNA test will come next, based on blood samples already preserved from Prince's body.

This paternity claim is just the beginning of the long road for the Prince Estate, trying to determine who should receive Prince's money.  If Prince had done a simple will, his instructions would have dictated who received what.  Paternity tests would not have been necessary.

Sadly, Prince's distrust of professionals means that a large chunk of his fortune will be spent paying legions of professionals while his heirs (both actual and potential) try to sort out the mess he left behind.

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Celebrity Legacies: Conflicts Plagued Tupac Shakur Before And After Death

Tupac Shakur was well-known for his "Thug" image, his rap prowess, and his many Tupac Shakur's estateconflicts -- leading up to the tragic shooting that took his life at age 25. So should anyone be surprised at the high number of legal battles involving Tupac Shakur's estate? Or that Shakur could continue to be a pioneer in rap music, even years after his death?  Tupac-Shakur

This is installment #17 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts. See other articles in the series here.

Tupac Shakur came to fame in large part due to his battles with police, inspiring lyrics in his first solo release so violent that Dan Quayle publicly denounced them -- building Shakur's "Thug" image in the process. In the same time frame, he was arrested five times for violent crimes, leading to numerous criminal charges and civil lawsuits, culminating in a confrontation during which he was shot multiple times. The very next day, Tupac was sentenced to prison for molestation.

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Bill Cosby Headlines The Top Ten Celebrity Legal Battles Of 2015

What better way to start the new year than by counting down Trial & Heirs Top Ten Celebrity Legal Battles of 2015, complete with lessons?  Bill Cosby

1.    Bill Cosby vs. many woman - Andrea Constad is one of dozens of women who have sued Cosby for defamation, accusing the comedian and actor of lying when he denied sexually abusing them years ago.  In Constad's civil lawsuit, Cosby's deposition was unsealed, revealing that he admitted giving women quaaludes and having intercourse with them.  He says both the drug use and sex were consensual.  Recently, a Pennsylvania district attorney brought charges against Cosby for sexual assault based on the 2004 encounter with Constad.

Lesson:  When victims of assault or other injuries wait too long, they lose the right to sue under the statute of limitations.  The specific length of time varies based on what state the events happened in and what type of claim is brought.  That's why most of the accusers are suing Cosby for defamation, rather than sexual assault.  Even criminal cases have a time limitation on when cases can be brought.  This new criminal case against Cosby was brought not long before the 12-year statute of limitations expired.  Anyone who feels they have a claim to sue, for assault or any other reason, should act promptly and not wait until it is too late.


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Can Prenuptial Agreement Protect Kaley Cuoco From Ryan Sweeting's Support Request?

The news broke recently that the divorce proceeding between Big Bang Theory actress Kaley Cuoco and professional tennis player Ryan Sweeting just became a great deal more complicated than originally reported.  Kaley Cuoco and Ryan Sweeting

Perhaps that shouldn’t be surprising.  After all, Cuoco recently was named as Forbes’ highest paid TV actress for 2015 (in a tie with Sofia Vergara), with $28.5 million in earnings, including an impressive payday of one million dollars per episode.  Comparatively, Sweeting  — who boasts only one career tournament win and has been battling injuries — has an estimated net worth of only two million dollars, about $42 million less than Cuoco’s reported net worth.

So why should anyone be surprised that the spouse worth less is asking for financial support from the big bread winner?

Kaley Cuoco played a smart game from the start. Even though she and Ryan Sweeting were married after only six months of dating, Cuoco and Sweeting had a prenuptial agreement, signed on November 20, 2013 — more than a month before their wedding on December 31, 2013. With a good prenup in place, a drawn-out match over financial issues like spousal support can be largely avoided.

Note the important qualifier here — “largely” avoided is not “completely” avoided. The existence of a prenuptial agreement does not end the match. It certainly gives Cuoco a big lead in the battle over spousal support though.

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Celebrity Legacies: James Dean Estate Has A Cause

James Dean was the iconic rebel without a cause.  The James Dean Estate, on the other hand, has been driven by a cause -- maximizing the value of his image and likeness.  But was it taken too far when his heirs sued Twitter?  James Dean

This is installment #16 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts.  See other articles in the series here.

Perhaps no Hollywood legend has lasted so long, and left such an impact, as James Dean.  After dying in a tragic car crash at age 24, in 1955, Dean continued to appear among the top of highest earning deceased celebrities year after year, including being in the top ten as recently as 2012, when his estate earned about five million dollars.  Not bad for actor who only starred in three major films.

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Celebrity Legacies: No Easy Ride For Dennis Hopper's Estate

When is a divorce more than just a divorce?  When famed actor Dennis Hopper battled through an ugly divorce against his fifth wife, Victoria Duffy-Hopper, the battle was more about Dennis Hopper's estate than anything else.  So perhaps no one should be surprised that the war turned uglier once Dennis died.  Easy-rider-dennis-hopper

This is installment #15 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts.  See other articles in the series here.

The Easy Rider star had anything but an easy ride during the last few months of his life.  He passed away from cancer at age 73, smack-dab in the middle of his divorce war with Victoria, who was actually six years younger than Dennis Hopper's oldest daughter.

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Answering Questions About Whitney Houston's Millions And Bobbi Kristina's Death

After a six-month coma, the life of Whitney Houston's daughter Bobbi Kristina Brown, has tragically ended.  Just how tragic her short life really was may not be known for some time.  But the details that have emerged are nothing short of heart-wrenching, if the allegations of a recently-filed lawsuit filed on behalf of Bobbi Kristina prove to be true.  Bobbi Kristina

According to that lawsuit, Whitney Houston's millions were at the heart of this tragedy.  But what role did they really play in Bobbi Kristina's death?

It was on January 31, 2015 that Bobbi Kristina was found unresponsive, unconscious, and face down in a bath tub.  That was nearly three years from the day her mother famously drowned, also in a bathtub.  Bobbi Kristina was placed into a medically-induced coma and reportedly suffered severe brain damage.

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