Failure to Plan Your Estate or Review Your Estate Plan Can Lead to Dire Consequences
March 21, 2008UncategorizedNo CommentsHeath Ledger was acclaimed as a great actor and tragically his life was cut short at a very young age. I do not know much about his estate planning documents, but I have read that they were done prior to the birth of his child and did not provide for his daughter. I have also read that Mr. Ledger’s father has indicated that the family will financially support Heath’s daughter.
Were Mr. Ledger a resident of the State of
“Except as provided in Section 21621, if a decedent fails to provide in a testamentary instrument for a child of decedent born or adopted after the execution of all of the decedent’s testamentary instruments, the omitted child shall receive a share in the decedent’s estate equal in value to that which the child would have received if the decedent had died without having executed any testamentary instrument.”
Thus in
All of this points to the necessity of estate planning. Young people are not immune. Older people need to constantly revisit their estate plans as circumstances change including values of the estate; financial situations of their children; marital situations of their children, etc.
In the event that it has been some time since you have reviewed your estate plan with your attorney, it is a good idea to do so.
