The Last Man on the Moon Passes Away- Did He Have An Estate Plan?

On January 17, 2017, CNN reported that Eugene Cernan has passed away. Cernan is best known for being the last astronaut to step foot on the moon. Did this renowned astronaut have a proper estate plan in place before he passed away? He was 82 at the time of his death. Did he have a will? Did he leave behind a trust? Who will inherit from his estate? What if he died without a will?

What if Cernan Died Intestate?

On January 16, 2017,CNN reported that Cernan has passed away. Who will inherit his wealth? Would an astronaut not have a will or even a simple estate plan? Estate planning attorneys and probate litigators encourage clients to create some sort of estate plan, as it can prove to be very beneficial even while you are still alive. For example, if you become incapacitated, a good estate planning attorney may be able to help you avoid a guardianship and protect your wealth that you are no longer able to manage. Probate lawyers know that it is not very expensive to create a will, revocable trust or living trust and they can be completed quickly. Therefore, many people do not have an excuse. Why should I bother to have an estate plan? If you do not have a will or trust , your estate will pass by a state law that controls who inherits property when someone dies without a will. In most states, this is called intestacy law or dying intestate. Florida litigators know that, when you die intestate in Florida, heirs inherit. The laws in Texas, where Cernan died, are probably similar. Click here to read the entire article.