The James Brown Estate – An Estate Planning Disaster

Think it is important to do proper estate planning?  Think it is important to update planning documents whenever life situations change?  I do too.  But the bigger question is what do your clients think and have they gone beyond thinking about it to doing it?

This link takes you to an interesting article about the $100 million estate of James Brown, which illustrates just how horribly wrong things can go when proper plans are not put in place and updated periodically.  This shocking scenario is worth sharing with clients; it just might motivate them to quit procrastinating if they need to implement or update their estate plan.