Two top trust advisors explain why celebrities, including Michael Jackson, often die with little or no legacy planning.
Why do so many celebrities drop the ball and pass away with no will or estate plan in place?
Michael Jackson did have some plan in place. Based on what I learned there are some positives about what he did, but there are more lessons from what he appears to have not done. The problem in Jackson’s case and often common amongst celebrities is that they seem to be involved with managers, lawyers, accountants that come to them and are referred to them through their own contacts rather than getting to find known, trusted, competent and well-respected advisors that can offer a client better choices.