By Antoinette Rodriguez, MBA
What do Aretha Franklin, Pablo Picasso, Prince and James Gandolfini have in common? In addition to being gifted artists, not one prepared a sound estate plan.
Even non-financial advisors will shake their head at how such brilliant people could leave their extraordinary intellectual property and brands, plus accumulated wealth, to be fought over by current and future generations. And then there’s the huge tax bite. Ouch!
There are many reasons why these icons and less famous people of means, put off writing wills or setting up trusts, also known as part of estate planning. Watch the video below to learn more about 5 key reasons including: denial, fear, no desire to, procrastination and kid/family issues.
Need advice on your Marketing Plan, client communications, business strategy, partnership issues or sales training to help your staff become better rainmakers? Contact Antoinette Rodriguez today for a complimentary consultation.