Massive Estate Planning Mistakes of Celebrities

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[Marilyn Monroe]Consider the mistakes of these five celebrities when you make decisions about your estate or advise others about theirs. As Sheyna Steiner reports, problems in life may compound after death as creditors, heirs and the Internal Revenue Service come calling for their share of an estate.

Questions:
1. After reading about these five celebrities, what, in your opinion, is the biggest lesson learned?
2. Which of these stories is the saddest in your opinion and why?
3. Which of these stories would help you the most as a future accountant, advising a client, and why?

Source:
Steiner, S. (2013). 5 Celebrities Who Made Massive Estate Planning Mistakes. Business Insider, June 7 (Retrievable online at http://www.businessinsider.com/5-celebrity-estate-planning-mistakes-2013-6).