Estate Planning and Estate Administration in Florida can be a tricky sea to navigate.
- Just ask any Estate Attorney Boca Raton.
- One of the most important things to consider in Estate Planning is to carefully and thoroughly construct and write a will and prepare your estate documents.
James Brown’s 8 Years Of Probate Litigation
- However, as the New York Times has written, although James Brown seemed to have all of his documents in order, nearly 8 years of probate litigation have plagued those who were supposed to see an inheritance:
- “James Brown’s will was meant to be everything his life was not. . . . The manic energy that fueled a career of funk classics, pyrotechnic dancing and relentless touring as the Godfather of Soul also contributed to a trail of broken marriages, estranged children, tax liens and brushes with the law over drugs, weapons and domestic violence.
James Brown’s Estate Plan
- By comparison, his will was as orderly as a book of prayer. . . .
- The bulk of his estate, worth millions of dollars — perhaps tens of millions — was to go to a trust to provide scholarships to needy children in his native state and in Georgia, where he grew up.
- But nearly eight years after his death, at 73, on Dec. 25, 2006, the I Feel Good Trust has not distributed a penny to its intended recipients.”
You can read more about James Brown and his estate plan and what can go right and wrong with a will or a trust here: http://www.nytimes.com/2014/12/14/us/downbeat-legacy-for-james-brown-godfather-of-soul-a-will-in-deep-dispute.html
Lessons From James Brown’s Estate Plan: Florida probate…..
- What can we learn from this in West Palm Beach Estate Planning, and Broward and Miami-Dade?
- It is important to foresee and anticipate potential Estate Law Suits and Probate Litigation (Boca Raton).
- West Palm Beach Probate Litigation attorneys know that the best offense is a good defense when it comes to Florida Estate Planning.
- Work a qualified attorney to predict estate litigation before it happens.
- Find out more on Estate Administration in Florida.
- See http://www.pankauskilawfirm.com for videos and information onProbate Law, Estate Planning, and Estate Administration.