Category Archives: Dying Without A Will

Dying intestate. Dying without a will. Intestate succession laws determine who gets your property.

Another actor did it wrong. Do you have your plans in place?

Julie Garber, in her weekly blog, wrote about another person who did it wrong.  When actor Paul Walker died in a terrible car crash on November 30th, 2013, he left an estate estimated to be worth at least $45 million.  However, he had done no estate planning and left no will.  He was only 40 years old and probably thought he had plenty of time to get his affairs in order.  His parents, ex-wife and girl friend of seven years are now fighting over who should inherit.

According to California intestate laws, the entire estate should be inherited by his daughter, Meadow.  Since she is only 15, someone needs to be responsible for managing to estate until she turns 18.  Her mother is her guardian but is not necessarily the one who will control the money on her behalf.  Since her parents believe they should manage the estate, the case will have to go to probate court.

And what about his long term girlfriend, Jasmine?  She won’t see a penny.

Have you done estate planning?  Is all of your paperwork in order?  Or are you, like Paul Walker, leaving a mess for  your loved ones?

For more information about estate planning, go to www.diesmart.com.

Stieg Larsson died with no will

Stieg Larsson, the man who wrote the milenium trilogy including the novel, The Girl with the Dragon Tattoo, died suddenly in 2004 at the age of 50. At the time of his death, he was not yet famous and he was living modestly with his partner, Eva Gabrielsson. In fact, they had been living together in Sweden for 32 years.

Larsson spent his career investigating rightwing extremism and received many death threats. He feared that getting married would make them an even bigger target. Despite that, he and Eva finally set a date for the ceremony but Larsson died before it could take place.

The couple had talked about setting up a company in which the two of them would share all of their assets as well as any money earned for writing books and articles. The company would provide that if one of them died, the other one would get everything. Because of this plan, Larsson felt that a will would be unnecessary and so never prepared one. But the company was not set up before Larsson’s death.

Sweden has no provision in their law for inheritance by common-law spouses so when Larsson died without a will, his brother and father inherited everything he owned, including the rights to his books and the profits that the 50 million copies sold made.

In 2007, the family gave Gabrielsson ownership of the modest apartment in which she and Larsson had lived and offered her $2.75 million. She turned down the offer because she wants control of the estate so she can manage the handling of the books, including movie and other publication rights. There is a partial manuscript for a 4th book in the series; since she supposedly helped Larsson write the trilogy and the manuscript is in her possession, she could finish the novel but she refuses to hand it over to Larsson’s family.

If only Larsson had written a will, settlement of the estate could have been handled smoothly and in a timely manner. Instead, in 2012 (more than 8 years later), the dispute is still going on.

Don’t put yourself in this position. Make sure you have a will so your estate will go to the person you want it to….not the one the government dictates. For more information about this topic, go to diesmart.com.