Costly Mistakes of the Rich and Famous
By Lee Bellinger
It's amazing to me how often the rich and famous overlook these six basic tips and
manage to screw up their estates and expose their private family lives to public
scrutiny. Today's email will help you avoid the same mistakes.
For example, I'm reading Elizabeth Edwards' will and probate application filed in North
Carolina (She's the deceased ex-wife of former Senator John Edwards). I'm also looking
over Senator Edward Kennedy's will...
I don't get into political personalities, but really! Who knows what Elizabeth was
thinking in allowing her disgraced ex-husband to have any involvement in her estate? He
lied to her, cheated on her, and had a baby out of wedlock with his mistress. Why would
she trust him?
And why did Teddy Kennedy choose as his executor and trustee the same man (Paul G.
Kirk, Jr.) who temporarily filled his Senate seat? Wasn't this too much authority to
place in the hands of one person?
This is all described in their wills and probate application. It's also very
interesting... but it's also NONE of my business!
I was not a friend to either Elizabeth Edwards or Edward Kennedy. Their estates haven't
hired me as a consultant. Yet, I'm free to pry into their personal, family, and
financial lives and tell you all about them – because it's PUBLIC RECORD!
How much of your private financial, family,
health, and business information is wide open for snoops, nosy neighbors, government
busy bodies, and frivolous lawsuit junkies?
Both Elizabeth Edwards and Ted Kennedy had trusts set up. However, aren't trusts supposed to protect one's privacy? So what happened? How am I, or anyone, able to easily access these intimate details?
Take These Steps Now to Protect Your