The Elder and Disability Law Firm, APC
Author Stieg Larsson had no estate plan
If you are prone to procrastination when it comes to estate planning one thing that may motivate you to take action is to ask yourself who will suffer if you were to die without making any preparations in advance.
The fact is that your loved ones will be left behind to fend for themselves if you pass away without making provisions for them.
You may think that you are still relatively young and that you have plenty of time ahead of you. However, there are no guarantees and people pass away when they are in their 30s, 40s, and 50s each and every day.
Consider the case of the Swedish author Stieg Larsson. He died at the young age of 50 because of a heart attack back in 2004. Larsson wrote the book The Girl With The Dragon Tattoo, the popular crime novel that was turned into a major motion picture.
The writer did not have an estate plan in place when he passed away. According to reports his net worth was somewhere in the vicinity of $40 million. His closest blood relatives were his father and his brother but he had lived with the same woman for 32 years and was living with her at the time of his death.
The matter played itself out within the legal arena, and in the end Larsson's girlfriend received nothing and his fortune was awarded to his father and brother.
Situations such as these demonstrate why it is so important to plan ahead, even if you have not yet achieved senior citizen status. If you are currently unprepared, right now would be a good time to set up an appointment to speak with a good Redlands CA estate planning lawyer.