Robin Williams’ Estate Battle is a Teachable Estate Planning Moment
Amidst their grief, the family of beloved comedian and actor, Robin Williams, is in court fighting over his estate, leaving a lesson to be learned over what was thought to be a solidly prepared estate plan.
When people think about their estate plan, they typically focus on the big ticket items like their house, investments, retirement accounts and life insurance. Unfortunately they often overlook personal items like mementos, collections and items with sentimental value.
Most personal belongings can’t be distributed equally to more than one beneficiary. These things carry emotional value which is difficult to measure and divide.
“The unfortunate thing is that it is often the items of the least monetary value that cause the greatest family conflict when a loved one dies. First, the family is already grieving. Second, family members each have conflicting views about their entitlement to these objects.” said prominent St. Louis estate planning attorney, Steven Spewak.
Spewak speaks frequently before professional and civic groups on estate planning subjects and is a contributing author to the book, “Love, Money, Control; Reinventing Estate Planning”.
“When working with clients, we advise them how to designate specific items for specific people. We also assist them in creating a fair system to determine how all of their personal belongings will be divided. Finally, we encourage our clients to share with their family their wishes.”
Steven Spewak is a St. Louis area estate planning attorney with more than 25 years of experience and a contributing author to the book, “Love, Money, Control; Reinventing Estate Planning”. He represents a broad cross section of the community to assure that they, their loved ones and their legacies will be protected.
- Contact Information
- Steven B. Spewak
- Estate Plan Strategies, LLC
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