On December 13, 2016, Alan Thicke died of a heart attack. He is best known for his role as the father on the very popular TV show “Growing Pains”. Who will inherit Alan Thicket’s wealth? How much was the popular actor worth? After learning of this unexpected death, it is hard not to wonder where his fortune is headed. The media has not yet reported whether or not he has died without a will. What does this mean for his family?
Alan Thicke’s Estate and Inheritance Laws
- On December 14, 2016 Fox News reported that Thicke died.
- Other media sources indicate that he had a heart attack while playing hockey with one of his sons.
- Now that he is dead, who will inherit his wealth?
- Did the 69 year old actor have a will or an estate plan?
- West Palm Beach will lawyers 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 Florida 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 Florida 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?
- Because, if the actor did not have a will, his 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 intestacy laws are probably very similar in California where Thicken died.
- At his age, it is likely that he did have a will in place.
- He left behind a wife and three sons who he seemed to have great relationships with.
- To read more about Thicke’s unfortunate death, click here.