Only a very few pop artists enjoyed careers as diverse, colorful, and successful as David Bowie. He remained fascinating and on the cutting-edge, up until the very end, in ways that extended far beyond making music.
Bowie, whose real name was David Robert Jones (and who didn’t want to be confused with Davy Jones), passed away from liver cancer a mere two days after the release of his latest album, Blackstar, on his 69th birthday. Knowing that his cancer was terminable, many people believe Bowie intended his last album — featuring lyrics about mortality — to be a farewell. In fact, the tract, Lazurus, begins with the line, “Look up here, I’m in heaven,” and ends with, “Oh, I’ll be free … Just like that bluebird … Oh, I’ll be free … Ain’t that just like me?”
It’s fair to say there was no one else like David Bowie. He was truly one-of-a-kind, from his iconic music, various personas, and his ever-adapting image, to his finances.
David Read more...
What better way to start the new year than by counting down Trial & Heirs Top Ten Celebrity Legal Battles of 2015, complete with lessons?
- Bill Cosby vs. many woman – Andrea Constad is one of dozens of women who have sued Cosby for defamation, accusing the comedian and actor of lying when he denied sexually abusing them years ago. In Constad’s civil lawsuit, Cosby’s deposition was unsealed, revealing that he admitted giving women quaaludes and having intercourse with them. He says both the drug use and sex were consensual. Recently, a Pennsylvania district attorney brought charges against Cosby for sexual assault based on the 2004 encounter with Constad.
Bill Cosby: A History of Alleged Rapes and Cover-Ups
Lesson: When victims of assault or other injuries wait too long, they lose the right to sue under the statute of limitations. The specific length of time varies based on what state the events happened in and what type of claim is brought. That’s why most of the accusers are suing Cosby
It’s the beginning of the year, which means that we all have well-intended New Year’s resolutions. The diet, the exercise regimen, saving money…and finally doing our estate planning and financial planning. The celebrity stories in Trial & Heirs: Famous Fortune Fights! can help motivate you to actually do your estate planning this year. Really!
Here are some of our easy-to-use estate planning tips for the new year:
1. Get your financial affairs organized this year. Create an “asset” list, including the account numbers, names of financial institutions, and related information for your insurance, stocks, bonds, CDs, securities, bank accounts and other investments.
2. Store your asset list and your estate planning documents in a fireproof box, safe, or safety deposit box. Remember to make sure that your loved ones can find and access these documents! We have an Estate Planning Organizer to help you with this. Just email us at firstname.lastname@example.org if you want to learn more.
3. Review and update your estate planning documents and your financial plan Read more...
Across the country in December, families will be coming together for the holidays. Sometimes the holidays are one of the few times of year that family members see each other. They eat, share stories, and laugh together. Of course, there may be a few family squabbles, but hopefully no mashed-potato flinging. Or will there be? Overall, the holidays are rare opportunities for family members to have face-to-face conversations. One critical conversation is talking about estate planning — what happens legally when a loved one passes away.
Trial & Heirs Top Tips For The Holidays from Trial And Heirs on Vimeo.
What questions will these tips help you answer?
What will happen once mom and dad pass away?
Have they done their will or trust? Is it updated?
What professionals do they work with?
Where are the documents located?
The celebrity stories in “Trial & Heirs: Famous Fortune Fights!” can help you translate the estate planning talk into a fun and entertaining discussion. Really! Here Read more...
As if founding Facebook and reaching #16 on Forbes’ ranking of the world’s billionaires wasn’t impressive enough, Mark Zuckerberg – along with his wife, Dr. Priscilla Chan — is out to change the world for generations to come. But not everyone thinks his motives are pure.
Zuckerberg and Chan announced their decision to transfer 99% of their Facebook stock to a new charitable-based venture called the Chan Zuckerberg Initiative. This will do this through a new limited liability company, with the stated purpose to “to join people across the world to advance human potential and promote equality for all children in the next generation.” The stock will be handed over throughout their lifetimes, with no more than one billion dollars in stock gifted or sold annually for the next three years, according to a recent Facebook filing with the SEC. Zuckerberg and Chan write that the value of the stock, presently, is about $45 billion, but that will likely grow over time considering their youth (Zuckerberg is Read more...
When is a divorce more than just a divorce? When famed actor Dennis Hopper battled through an ugly divorce against his fifth wife, Victoria Duffy-Hopper, the battle was more about Dennis Hopper’s estate than anything else. So perhaps no one should be surprised that the war turned uglier once Dennis died.
This is installment #15 of our Estate Planning Lessons From The Stars series, which is based on the Celebrity Legacies TV show for which we provide commentary as the estate legal experts. See other articles in the series here.
The Easy Rider star had anything but an easy ride during the last few months of his life. He passed away from cancer at age 73, smack-dab in the middle of his divorce war with Victoria, who was actually six years younger than Dennis Hopper’s oldest daughter.
Dennis had filed for divorce, accusing Victoria of being insane, inhuman, and volatile. Victoria responded by claiming that Dennis was not mentally competent and that his adult children from his prior marriages Read more...
After a six-month coma, the life of Whitney Houston’s daughter Bobbi Kristina Brown, has tragically ended. Just how tragic her short life really was may not be known for some time. But the details that have emerged are nothing short of heart-wrenching, if the allegations of a recently-filed lawsuit filed on behalf of Bobbi Kristina prove to be true.
According to that lawsuit, Whitney Houston’s millions were at the heart of this tragedy. But what role did they really play in Bobbi Kristina’s death?
It was on January 31, 2015 that Bobbi Kristina was found unresponsive, unconscious, and face down in a bath tub. That was nearly three years from the day her mother famously drowned, also in a bathtub. Bobbi Kristina was placed into a medically-induced coma and reportedly suffered severe brain damage.
While various relatives made contradictory public statements over her condition, they cooperated enough to permit her father, Bobby Brown, and her aunt, Pat Houston, to serve together as Bobbi Kristina’s co-guardians, managing her medical care and Read more...
As gay, lesbian, and other proponents of same-sex marriages celebrate the United States Supreme Court’s landmark ruling in Obergefell v. Hodges, millions of Americans will now be eligible for dramatically different legal rights upon the death or disability of a life partner than were previously possible.
In fact, in the field of estate planning — including planning for not only what happens when someone dies but also when someone becomes incapacitated — the landscape in the LGBT community has just changed. Gay and lesbian couples now have a level playing field, equal to opposite-sex couples.
Supreme Court Ruling On Gay Marriage Means Financial & Estate Planning Changes
The legal implications are far-ranging, from symbolic, to monetary, to life-changing. In fact, the Supreme Court opinion in Obergefell illustrates this by sharing the stories of three sets of plaintiffs involved in that case.
Gay Marriage Ruling Lead Plaintiff, James Obergefell
The lead plaintiff, James Obergefell, was motivated by nothing more than being legally recognized as the spouse of his partner, John Read more...
As owner of the New Orleans Saints and Pelicans, Tom Benson, is used to being in control. He worked his way up from humble beginnings, starting as a used-car salesman, to owner of multiple car dealerships, banks, real estate, and a television station. Of course, Benson is most well-known for owning the NFL’s Saints franchise, which he purchased in 1985. Since then, he has successfully managed the Saints through the lows of Hurricane Katrina to the highs of winning the Superbowl. In 2012, Tom Benson added the NBA’s Hornets (now named the Pelicans) to his stable of businesses. Forbes estimates his net worth to be just shy of $1.9 billion.
For a man with that much success and business acumen, there can be no doubt that one of the things he would enjoy least is someone suggesting he’d lost his wits. Especially when that someone is his hand-picked protégée and granddaughter, along with his daughter and grandson. And even more so when he is brought into court through a Read more...
The late Riley B. King — better known as blues legend B.B. King — often said that the only woman in his life was his guitar, Lucille. But that wasn’t exactly true. King estimated that he had 15 children by 15 different women. No wonder one of his biggest hits was called, When Love Comes To Town.
B.B. King took responsibility for his children. According to CNN, he set up a multimillion dollar education fund for his descendants. King wrote in his memoir that he assumed responsibility every time a woman came to him and said a child was his, without arguing about whether that was true or not. One of his daughters, Patty King, said in a previous interview with Rolling Stone that B.B. King was a great dad who had “done well” by his children.
That same daughter is now leading the charge against B.B. King’s business manager of 39 years, LaVerne Toney. Patty King and half-sister Karen Williams lead a panel of five King children, Read more...