California is known for its host of stars in film and music. During the last number of years, few musicians' stars burned as brightly or as briefly as Amy Winehouse's. The British singer, known for her soulful voice, won a number of Grammy Awards before dying last year at the age of 27. Some had speculated about the details of her estate. Those details have now been made public, revealing who will inherit her property and assets.
Marilyn Monroe's life on and off the screen captivated people in California and across the country. Her enduring fame is proved by the recent movie, My Week with Marilyn, which earned lead actress Michelle Williams an Academy Award nomination for Best Actress. But other examples of Monroe's continued popularity abound.
The first wave of the Baby Boomer generation has only recently reached the traditional retirement age of 65. Their parents, the generation that was steeled by the Great Depression and fought in World War II and Korea, are in their 80s and 90s. Each generation has faced its particular obstacles, but they are united in the challenge they currently confront: how to create an effective estate plan.
Some Sacramento readers are probably still mourning the premature death of Whitney Houston, who passed away Feb. 11, just before the Grammy Awards, at age 48.
Most people recognize the need for an estate plan, but as we have mentioned before, few people create one until the last minute, if at all. Perhaps you have thought about an estate plan and even executed a will, designating where and to whom your property will go after your death. Maybe the plan includes more sophisticated estate planning instruments, such as a trust. But does it include a living will?