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A Table of those who
Paid Dearly for Ignoring Probate.
Did these people have a much higher
profile than you?
Did it prevent them from being
taken advantage of in the Probate system?
Could they afford great retirement
planners?
But if you do not take action to set
up your affairs to minimize the effects of probate that advice is
useless. Once you learn about the realities of probate...if you want to
avoid it then you have to take action on i) creating and then ii)
funding your Living Trust and keeping it current.
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Celebrity
|
Estate Value
|
Settlement
Cost
|
% of Estate
Value
|
|
Marilyn Monroe
|
$819,000
|
$718,000
|
87%
|
|
Nat King Cole
|
$1,876,000
|
$1,577,000
|
84%
|
|
Elvis Presley
|
$10,165,000
|
$7,374,000
|
73 %
|
|
John Rockefeller
|
$29,900,000
|
$17,200,000
|
64 %
|
|
Dixie Crosby
|
$1,332,000
|
$781,000
|
59 %
|
|
William Boeing
|
$22,386,000
|
$10,589,000
|
47 %
|
|
W.C.
Fields
|
$884,000
|
$327,000
|
37 %
|
|
Walt Disney
|
$23,004,000
|
$ 6,811,000
|
30 %
|
|
FDR
|
$1,900,000
|
$575,000
|
30 %
|
–LA Times, May
11, 2003
-
•Over
50% of people that have a Will believe that their
Will, will prevent them from going to Probate.
•Fact
– it guarantees your estate is probated.
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