According to this Washington Post article, Sean Taylor, the late Washington Redskins safety, died without a will to give direction for the distribution of his nearly $6 million estate. The bulk of the estate went to his daughter pursuant to Florida intestacy laws. Now his mother is trying to lay claim to some of the estate. Known for giving lavish gifts to various family members during his life, it seems rather significant that what little estate planning he did (joint account, life insurance beneficiary designation), did not include his mother.
Although Taylor’s estate was large, not having proper estate planning in place can cause these same problems for any other economic situation. If you would like to keep this from happening to your family, please call our office at (616) 827-7596 to schedule a Family Wealth Planning Session. To show my continued support for my loyal blog readers, I will waive the usual fee for this session for the first 5 families who call to schedule and specifically mention this blog post (a $500 value!).