Develop a Life Plan
The recent media circus surrounding the death of Anna Nicole Smith detailed a nightmare scenario in estate conservation. The former model, whose finances had always been tabloid fodder, died five months after her son and only designated heir, Daniel, leaving an out–of–date will and possibly an entire fortune at the mercy of the courts. Since Anna Nicole’s death in February 2007, many financial professionals have reported a sharp increase in the number of clients interested in keeping their estate documents current.1 An out-of-date estate conservation strategy is about as useful as having no strategy at all. By updating your estate…