Chapter Two continues the unhappy saga of the troubles of Tom Clancy’s estate. The main players in this drama are the two wives of Tom Clancy; his first wife, Wanda King, who was married to him for 30 years, and his second wife and widow, Alexandra Clancy, married to him for 14 years. The drama...Read More

What is a no-contest clause and why is it added to a will or trust? In Latin it is known as an “in terrorem” clause, which means that the clause is inserted as a threat or warning to those beneficiaries of a will or trust who would seek to challenge the estate plan after death....Read More

The trust battle between the Buss siblings over control of the L.A. Lakers has ended. Jeannie Buss and her brothers, Jim and Johnny, reached with an agreement for Jeannie to remain as controlling owner for as long as the family owns the famed basketball team. On February 21  Jeannie Buss, the L.A. Lakers president and...Read More

WHITNEY HOUSTON, FLORENCE GRIFFITH JOYNER, HEATH LEDGER Earlier this year I wrote about the Celebrity Estate Planning Tragedies of Phillip Seymour Hoffman, Marlon Brando, Howard Hughes, James Brown, and James Gandolfini. Recent events and a few discoveries on my part have compelled me to add to that list of Celebrity Estate Planning Tragedies – and...Read More

According to documents filed with the Minnesota Probate court this morning, it appears highly likely that music legend Prince died intestate. In other words, Prince had no will and no trust. This morning his sister Tyka filed a Petition for Formal Appointment of Special Administrator, requesting that Bremer Bank be appointed to administer the celebrity’s...Read More