WealthManagement – Page 5 – Celebrity Estates: Wills of the Rich and Famous

Ep 22 – Steve Jobs: Dying with Digital Assets with Karin Prangley

By deadcelebrity | April 13, 2020

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Whether you know it or not, you have digital assets, your email, your photos, all your social media accounts. Those are your digital assets. What happens to those accounts when you die?

In this episode, David Lenok, senior editor at WealthManagement.com, is talking with Karin Prangley, Senior Vice President Private Wealth Management at Brown Brothers Harriman. The two dive deep into the topic of digital assets and estate planning loosely using the estate of Technology Legend Steve Jobs.

In this episode, you will learn:

What is a digital asset, and how are they controlled
When and where to use a digital executor
Why it is not as simple as having a username and password for the deceased
How your estate handles cryptocurrency
And more!

Tune in now and figure out the “need to knows” about digital assets and your estate plan.

Resources: WealthManagement.com | Karin Prangley LI

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

By deadcelebrity | September 23, 2019

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Sponsored By: FS Investments

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

Dead Celebrity Ep 6 – Women and their Finances: Gloria Vanderbilt — With Guest Michelle Smith, CDFA

By deadcelebrity | August 27, 2019

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A massive demographic shift is underway for women with money. As an advisor, are you equipped to help women take control of their finances?

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Michelle Smith, a Certified Divorce Financial Analyst about women and money. Together, they unpack what advisors can learn from the life of Gloria Vanderbilt, who was a fashion icon, artist, author, actress, heiress, and socialite. Listen in and learn how you can help women take the reigns of their financial lives.

In this episode, you will learn:

How opening the lines of communication is key to any relationship
Why prenups are a springboard for money conversations
What women often don’t realize about prenups
Why at least 25% of joint accounts become open to legal observation
How the advisor’s value proposition must change in this new paradigm
And more!

Tune in now and learn how to help women take control of their finances.

Resources: WealthManagement.com | Michelle Smith