A Janitor’s $8 Million Estate
Why is it important to have a Florida estate plan? Do you know how your estate is going to function when you die? Probate litigators know that non probate assets, substitutes, and testamentary trusts are becoming more and more common. What are non-probate assets? How can a Florida estate avoid probate? Having an estate plan is important to insure that the people you want to inherit from your estate will actually inherit from it.
Janitor Leaves $8 Million
- According to the Daily Mail, a 92 year old janitor in Vermont died leaving an estate worth $8 million.
- How did he accumulate such a fortune?
- He lived a very modest life and successfully played the stock market
- He left $6 million to a local library and hospital.
- He had an estate plan in order, which allowed him to choose who would inherit.
- Hiring an estate planning attorney in West Palm Beach can be very beneficial and not super expensive.
- A good estate plan can not only protect your assets when you are gone, but it can also insure that you do not get appointed a guardian if you were to become incapacitated.
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