3 Critical Steps Farrah Faucett Must take to protect her hard-earned assets from fameandmoneyseekers

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) May 20, 2009 -- FOR IMMEDIATE RELEASE
Detroit, Michigan (10:37am) May 20, 2009

The 3 Critical Steps Farrah Faucett (and others at ‘End of Life’) MUST do to Protect her hard-earned assets from the evil empire, fame and money seekers and not end up like Marilyn Monroe's Estate.

With the potential end of life coming near how does one cope with the realities of where their assets will go, who will watch them and will the government take them? In the Anna Nicole and Heath Leger case, they didn’t have the chance to plan for this. Do you think Anna would have left doubts about who would control her estate? Would Heath have left the question of whether his daughter should get his entire estate? (if you recall his family became the technical beneficiary’s since his will was poorly drafted and done prior to his daughter’s birth; more about this later on what to do)

We asked Mr. Joseph J. Dadich (an Attorney and CPA) Celebrity-Insider, about the end-of-life process. He said “Ms. Faucett is not married, but has a longtime live-in/boyfriend. This complicates things, since she may want only a portion of her estate to be inherited by him or none at all. Or quite possible, she can create a VIP Revocable Living Trust to be able to control her assets and have her son be nominated as beneficiary and protected from any creditors he may have. Or what would happen if her friend Alana wants to control things? But this only hits half the battle.”

He went on to further state “One key critical item is to get this all done before she loses her mental capacity or a court may decide (and trust me you do not want this). Further, the other matter comes with a potential Estate Tax to the government (which starts at 48% of assets over $3.5mm; but it gets worse as you’ll see later) and who pays it. Moreover, she has to be careful that if her Trust names a Charity as a beneficiary it may cause her IRA/Retirement Plan to be taxed up to 70% of it’s value and paid out almost immediately. So as you can see if proper planning is not provided it can be disastrous and if there's no assets after this mistake we may have a Marilyn Monroe type situation.”

We asked attorney Joseph J. Dadich, Esq. - who created the '20 Minute Emergency Estate Planning Blueprint'tm – what steps can she take right now.
" This is the unfortunate part about not seeing an attorney who specializes in protecting family's hard-earned assets. And even in Anna’s case she had an attorney. Who didn’t know a lick of estate planning nor was there any updates provided. This is a ripe opportunity for Ms. Faucett to plan not for death but for life.”

Visit Mr. Dadich’s blog at www.estateplanningsecretsrevealed.wordpress.com or contact him directly at contact@dadichlaw.com , 248.358.6965 office.

Mr. Joseph J. Dadich is an attorney/cpa and creator of '20-Minute Emergency Estate Planning Blueprint for Baby Boomer's'tm and holds limited seminars to educate familys about the pitfalls lurking.

baby boomers     end of life planning     farrah faucett     finance