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Should Caregiver of Mr. Cub, Ernie Banks, Inherit His Fortune?

Widely beloved throughout the world of baseball, especially in Chicago, Ernie Banks -- a/k/a Mr. Cub -- rose from humble beginnings.  He began his career earning seven dollars a day in the Negro Leagues, before crossing the color barrier and becoming the Chicago Cubs’ most popular player ever.  Ernie Banks

After his playing career, Banks has been widely respected as a positive role model in baseball and beyond.  He continued to break new ground, becoming the first African-American Ford Motor Company dealer ever and being actively involved in charity work throughout his life after baseball.  In 2013, President Obama awarded Banks the National Congressional Medal of Honor.

Ernie Banks died on January 23rd at age 83 from a heart condition.  Interestingly, his death certificate listed dementia as a "significant condition contributing" to his death.  Why is this important?

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Celebrity Legacies: Marlon Brando's Estate Marred by Dozens of Lawsuits

Unquestionably, Marlon Brando was one of the leading actors of the 20th century.  The well-known Godfather was always in firm control ... until it came to his estate that is.  Marlon_Brando_The_Wild_One-225x300

This is installment #12 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.

Marlon Brando never followed convention.  He won his Oscar for Best Actor in 1973 for The Godfather, but Brando rejected the award as a protest to the treatment of Native Americans by the film industry.  Too bad he failed to follow the norms when it came to estate planning.

In part due to questions about his true intentions as expressed in his will and trust, Marlon Brando’s estate was involved in more than two dozens lawsuits by 2009 — five years after his death.  He passed away on July 1, 2004, at 80 years of age, suffering from a host of ailments including dementia and lung failure.

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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 the 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?   Walking dead

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 across the country on a daily basis, from those of modest wealth to the very rich.

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Celebrity Legacies: Yoko and Julian Battled Over John Lennon's Estate

When John Lennon of the Beatles was tragically murdered in 1980, his controversial widow, Yoko Ono, took charge of his legacy and his fortune ... but where did that leave his two sons? As arguably the most successful songwriter of all time, what did Lennon leave behind?   John Lennon and Yoko Ono

And what did the King of Pop have to do with John Lennon's legacy?

This is installment #5 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.

He famously sang "All You Need Is Love."  When it came to leaving money for his first-born son, John Lennon must have had that song in mind, because he apparently didn't believe that Julian needed money.  In fact, according to Lennon's first wife, Julian's mother Cynthia, the man known as the "cool" Beatle was a cruel negotiator during their divorce. Cynthia says he refused to give more than 75,000 pounds for her and Julian, supposedly telling her she wasn't worth any more.

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Celebrity Legacies: The Anna Nicole Smith Estate Battle

So how long exactly does it take to resolve the dispute over the estate of an 89-year old Texas oil tycoon who married a 26-year old stripper and Playboy Playmate?  Shouldn't the case end when both the stripper (Anna Nicole Smith) and her "step-son" (Pierce Marshall, who was 27 years older than she was) die?  Anna_Nicole_Smith

And is this really important enough to be heard by the United States Supreme Court, not once, but twice?

This is installment #3 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.

While we monitor, write about, and provide commentary for media outlets around the country about many complicated celebrity estates, this one takes the prize.  We call it "The Grand-Daddy Of All Estate Battles."  We've written several articles about this case so far, which you can read here.

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Jim Morrison's Estate And Legacy Marred By Probate Fights

Who opened the door to battles over the Jim Morrison Estate?  Who won ... and what did they win when the dust settled?  And does drinking your loved one's blood constitute a valid marriage ceremony?Jim_Morrison

This is installment #2 of our weekly 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.  

Legendary Doors singer Jim Morrison died young at just 27 years of age, in 1971, from a heroin overdose. While his estate had limited cash when Morrison died, the assets in his estate became worth around $80 million.

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Help For Families With Will Contests And Other Probate Disputes

Do you know a family who is arguing over an estate after a loved one has passed away?  Whether it's someone facing a possible probate court battle, wondering about contesting a will, or confused over how a family trust is being handled, finding an early solution before fighting erupts is critical. Danielle and Andy 2013

Through the years, Danielle and Andy Mayoras have worked with too many families embroiled in estate and probate conflicts to count.  As a result, they've started a new project based on their commitment to help families find resolutions outside of probate court and without spending money on attorneys.

Danielle and Andy are authors of Trial & Heirs:  Famous Fortune Fights!, which uses true stories of celebrity estate errors to teach people how to protect their heirs.  As Forbes contributors, Danielle and Andy regularly analyze celebrity stories to provide lessons for families across the country.

The husband-and-wife duo now wants to combine their legal expertise to help select families even more.  Danielle is an estate planning and elder law attorney who has counseled families for years to avoid probate and estate conflict.  Andy is a probate litigation attorney, who regularly represents families already in conflict over will dispute cases, estate disputes, trusts, and other probate disputes, through litigation, mediation, and arbitration.

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