Tag Archives: Financial Documentation

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Dead Celebrity – Ep 12 – Jerry Buss: Make Succession Planning a Slam Dunk — With Sonya Mughal



Have you created a business that you want to outlast you? Do you know who would take over if something were to happen to you?

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Sonya Mughal, COO of Bailard Inc. Together, they explore the estate of Jerry Buss, the legendary owner of the Los Angeles Lakers. Jerry Bus had a succession plan in place to cover his 66% ownership of the team: His six children equally inherited a stake in the business. But as you’ll soon find out, even the best-laid plans can crumble. 

In this episode, you will learn:

  • When to start the succession planning conversation with your client
  • How to allow a period of governance while the client is still the owner
  • What characteristics to look for in a successor and their team
  • And more!

Tune in and learn how to help your clients craft a slam-dunk succession plan.

Resources:  WealthManagement.com | Bailard


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Dead Celebrity Ep 10 – Robin Williams Planned It Right — With Guest Avi Kestenbaum



You can have everything planned out, accounted for, and your family members will still find something to fight over once you are gone. 

In this episode of Dead Celebrity, by Informa WealthManagement.com, David Lenok and Avi Kestenbaum discuss the estate plan of beloved comedian and Oscar-winning actor Robin Williams. As you’ll soon find out, even the best of estate plans and legal advice can be a recipe for disaster when you have children from different marriages and a surviving spouse.

In this episode, you will learn:

  • The role of trusts 
  • The importance of preparing the proper documents
  • Why it’s crucial to update your information as your life changes 
  • How some people can be worth more once they are deceased
  • Whether David and Avi would consider Robin Williams’ estate plan to have been successful
  • And more!

Tune in and find out what went down in Robin Williams’ estate in this episode of Dead Celebrity!

Resources: WealthManagement.com | Meltzer, Lippe, Goldstein & Breitstone, LLP

Sponsored by: Nationwide Advisory


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Dead Celebrity Ep 9 – Marlon Brando: Loss of Capacity



The loss of capacity is a very real threat to all clients, particularly those who are getting older. If your client were to show signs of cognitive impairment, would you know how to proceed with their estate planning?

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Letha McDowell, a shareholder of Hook Law Center. Together, they explore the controversial estate plan, a product of highly questionable decisions, of legendary actor and Hollywood icon Marlon Brando. This is a conversation that uncovers the benefits of completing a power of attorney,  signs of diminishing capacity to watch for, and the importance of knowing your clients. 

In this episode, you will learn:

  • Signs an advisor can look for to determine whether their clients are experiencing some loss of capacity
  • How to broach the subject with a client who you think is in the early stages of cognitive impairment
  • The importance of continuing to serve the client with the respect they deserve
  • Why a power of attorney can be useful for people of all ages and capacities 
  • And more!

Tune in now and learn how to serve your clients with the highest level of expertise and dignity throughout the estate planning process. 

Resources:  WealthManagement.com | Hook Law Center | Reporting Elder Abuse USA| Reporting Elder Abuse Canada

 


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Dead Celebrity Ep 8 – Anthony Bourdain, Aretha Franklin and the Basics of Trusts



When celebrities with trusts pass away, we may never learn the full details of their estates. And that’s largely the point. But the benefits of using a trust don’t stop at privacy.

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Geoff Madsen, CEO and chairman of Independent Trust Company. They discuss the benefits of using trusts in your estate planning package, weaving in the examples of Anthony Bourdain, Aretha Franklin and others to illustrate their points.

In this episode, you will learn:

  • What a trust is and how you can benefit from one
  • How probates affect families and estates
  • The importance of choosing the right trustee
  • How a financial advisor should look at trusts
  • And more!

Tune in now to learn about the basics of incorporating a trust into your estate plan.

Resources: WealthManagement.com | Independent Trust Company


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Dead Celebrity Ep 7 – Adam “MCA” Yauch: How to work with strong-willed clients — With Guest Jacqueline Bevilaqua



Do you have co-owned assets, similar to how the three members of Beastie Boys co-own their music?

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Jacqueline Bevilaqua, associate at Katsky Korins, about what was done correctly and incorrectly in the estate plan of rapper Adam Yauch ( ⅓ of Beastie Boys). As they examine Adam Yauch’s estate,  David and Jacqueline discuss how to delicately manage the challenges that often come with high-net-worth clients and what steps need to be taken before incorporating copyright into a will.

In this episode, you will learn:

  • Possible reasons why a copyright clause made it into Adam Yauch’s will, despite him being a co-owner of his artistic property 
  • How to work with strong-willed clients who insist on using their will to make a public statement
  • What to consider when incorporating copyright into a client’s will
  • What it means to help your clients “play the tape through” when they’re appointing guardianship — and why it’s important
  • And more!

Tune in now and know that you are the one who can “fight for the right” to protect your clients after death.

Resources:  WealthManagement.com | Katsky Korins | jbevilaqua@katskykorins.com


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



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


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Dead Celebrity Ep 3 – Will Your Pets Become Heirs? A Look at Karl Lagerfeld and His Cat — With Guest Megan Gorman



Have you considered what would happen to your pet if something happened to you? Do you want to ensure that your family friend is taken care of after you’re gone?  

This episode will open your mind to the options available to you and your pet.

In episode three of Dead Celebrity, by Informa WealthManagement.com, David Lenok is joined by Megan Gorman of Chequers Financial Management. They speculate on the unreleased details of world-famous fashion designer Karl Lagerfeld’s estate plan and how he may have provided for his beloved cat, Choupette. Throughout the episode, you will hear examples of how your pet can be cared for after you’re gone.

In this episode, you will learn:

  • About the background on Karl Lagerfeld and his cat
  • How to use your estate plan to provide for your pet
  • Which options are available for ensuring your pet’s care, including trusts
  • The importance of picking the right guardian for your pet
  • And more!

If your dog/cat is your best friend, your child, your furbaby then you need to listen to this podcast.

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

 


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Dead Celebrity Ep 2 –  Robin Williams Planned It Right — With Guest Avi Kestenbaum



You can have everything planned out, accounted for, and your family members will still find something to fight over once you are gone.

In this episode of Dead Celebrity, by Informa WealthManagement.com, David Lenok and Avi Kestenbaum discuss the estate plan of beloved comedian and Oscar-winning actor Robin Williams. As you’ll soon find out, even the best of estate plans and legal advice can be a recipe for disaster when you have children from different marriages and a surviving spouse.

In this episode, you will learn:

  • The role of trusts
  • The importance of preparing the proper documents
  • Why it’s crucial to update your information as your life changes
  • How some people can be worth more once they are deceased
  • Whether David and Avi would consider Robin Williams’ estate plan to have been successful
  • And more!

Tune in and find out what went down in Robin Williams’ estate in this episode of Dead Celebrity!

Resources: WealthManagement.com | Meltzer, Lippe, Goldstein & Breitstone, LLP


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Dead Celebrity Ep 1 – The Bizarre Story of Casey Kasem — With Guest Jim Dougherty



Are you that person who thinks, “I don’t need to do that paperwork today. It can wait”?  Do you think it’s unnecessary to plan out your final wishes and make sure your estate plan is in order?

In this inaugural episode of Dead Celebrity, by Informa WealthManagement.com, we learn lessons from the life and death of celebrity Casey Kasem. Jim Dougherty from Withers Worldwide discusses the pitfalls of not being prepared when you either pass suddenly or become incapacitated.

In this episode, you will learn:

  • The basic background of the Kasem family
  • The importance of preparing the proper documents
  • Why it’s crucial to update your information as your life changes
  • What can go wrong when family members are not on the same page
  • And more!

Learn about the issues faced by the Kasem family and why blended families can be difficult to manage in this episode of Dead Celebrity!

Resources: WealthManagement.com | withersworldwide