Lessons from celebrity-estate planning cases for advisors.
Celebrity Estates: Michael Nesmith, The Monkees and Holographic WillsCelebrity Estates: Michael Nesmith, The Monkees and Holographic Wills
Don't monkey around with handwritten documents.
Michael Nesmith, songwriter, actor, producer, novelist and member of the popular group The Monkees died in December 2021. His will stated he wished to donate his entire estate to his mother’s foundation—however, there was one complication to the legality of the document. Nesmith’s will was handwritten.
In this episode, David Lenok is joined by Megan Gorman, founding partner of Chequers Financial Management, to discuss holographic wills and the legalities surrounding handwritten documents.
David and Megan discuss:
Why handwritten wills can become problematic or complicated in the legal process;
What is often left out of holographic wills;
The role of estate planning for your beneficiaries;
And more.
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