Month: July 2019

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Dead Celebrity Ep 5 – Tom Petty’s Children and a Second Marriage — With Returning Guest Megan Gorman

Dead Celebrity Ep 5 – Tom Petty’s Children and a Second Marriage — With Returning Guest Megan Gorman

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When you’re creating or updating your estate planning documents, using clear language takes on a whole new level of importance. Your carefully crafted language can ensure that your wishes leave no room for interpretation. 

 In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Megan Gorman, founding partner of Chequers Financial Management. Together, they discuss the estate of Tom Petty, one of rock and roll’s biggest icons, who died from an accidental drug overdose. Up for discussion is the dispute that broke out over Tom Petty’s estate among his widow, ex-wife, and two daughters.

In this episode, you will learn:

  • About the background on Tom Petty and his blended family
  • About the disputes that can occur when people interpret “equal” differently
  • The importance of being crystal clear in the wording of your wishes
  • Why estate attorneys need to push for absolute clarity when drafting these documents
  • Why blended families may not be as happy as they appear  
  • And more!

Tune in to learn about Tom Petty’s estate and how to help your clients ensure their wishes leave no room for disagreement once they are gone.

Resources: WealthManagement.com | Chequers Financial Management | The Wealth Intersection

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Dead Celebrity Ep 4 – Joan Crawford’s Decision to Exclude Children From Her Estate — With Guest Dr. Stanley Teitelbaum, PsyD

Dead Celebrity Ep 4 – Joan Crawford’s Decision to Exclude Children From Her Estate — With Guest Dr. Stanley Teitelbaum, PsyD

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Too many times we allow our emotions to get the better of us, leading us to make unfair or judgmental decisions. Will you use your estate plan to punish your heirs? Or will you choose to resolve issues before it’s too late?

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Dr. Stanley Teitelbaum, PsyD. Together, they explore the estate of Joan Crawford, one of old Hollywood’s biggest stars. Up for discussion is Joan Crawford’s decision to deliberately exclude two of her children from her estate. Dr. Teitelbaum explains how estate planners and financial advisors can support clients who are tempted to make similarly harsh decisions.

In this episode, you will learn:

  • About the background of Joan Crawford, her relationship with her children, and her estate
  • How to help clients who are overly concerned about getting their children’s approval
  • How to determine if your clients would benefit from the support of a mental health professional
  • The benefits of sorting through your familial issues  
  • Possible options and alternatives for dividing your estate
  • And more!

Tune in to learn about Joan Crawford’s estate and how to help your clients resolve their family issues before it’s too late.

Resources: WealthManagement.com | Dr. Stanley Teitelbaum, PsyD