In this episode, David Lenok, senior editor at WealthManagement.com, speaks with returning guest Megan Gorman of Chequers Financial Management about the issues surrounding the celebrity estate of none other than legendary talk show host Larry King.
There was an estate plan, multiple children from multiple marriages, a holographic will written after filing for divorce and then Larry’s untimely death due to COVID-19 in 2021. David and Megan could talk for days about this celebrity estate. Listen in while they try to sort through this currently active family-court fight.
In this episode, you will learn:
- What is a holographic will;
- How the state in which you live and die plays a vital role in how your estate is handled;
- What’s involved in differentiating between community properties and separate properties;
- The importance of documenting your intentions when divorcing;
- And more!
Get inspiration from Larry King’s story to get your house in order!
“Getting your house in order and reducing the confusion gives you more control over your life. Personal organization somehow releases or frees you to operate more effectively.” — Larry King
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The Celebrity Estates: Wills of the Rich and Famous podcast is available on Apple Podcasts, Android, Stitcher and wherever podcasts are found.