By Lane V. Erickson, Idaho Estate Planning Attorney
Over the past three years that we have provided this estate planning blog on our firm’s website we have often discussed instances where celebrities are other famous people have made serious mistakes with their estate planning. These mistakes range from either not having any estate planning done at all, to having a confusing estate plan that does nothing but cause contention and disputes between the person’s family members and loved ones. It’s easy to pick on celebrities because they are so visible. However, to be fair, we have also provided many articles about things that many celebrities have done right.
In today’s article we are going to discuss a celebrity who did things right. This celebrity is Burt Reynolds who passed away in the fall of 2018 at the age of 82. As with many celebrities, upon his death there were many articles having to do with his estate planning. Some of these articles stated that he had disinherited his son because his last will and testament had a sentence in it that stated the following: “I intentionally omit my son from this my last will and testament as I have provided for him during my lifetime in my Declaration of Trust.” In other words, it appears that Burt Reynolds used a living trust as part of his estate plan.