Estate planning in Lee County, Florida is not just for the elderly. It is a good idea for all adults to have a will in place stating what they would like to happen to their estate should they die. Of course, young adults and even middle-aged adults may think they are invincible and will live to a ripe old age, but the truth is life can throw all sorts of curve balls at us. It is better to be prepared and know that your loved ones will be taken care of instead of leaving them in a mess after your death. As time passes and your circumstances change, it is also important to revise your estate plan.
The world was shocked to hear about the death of actor Paul Walker on November 30, 2013. The 40-year-old died in a car accident in Los Angeles County. He left behind a 15-year-old daughter and an estate estimated to be worth $25 million. That number is believed to continue to rise when his last movie is released next year. His estate includes a home that is estimated to be worth $10 million along with $8 million in personal property.
On January 28, Walker’s final will and testament was filed which named his daughter as the sole beneficiary of his estate. His mother was named as the teenager’s guardian and will manage her inheritance until she turns 18. Walker named his father as the estate’s executor. He will have the responsibility to handle the estate’s property and can choose to invest or sell it as necessary.
Source: USA Today, “Paul Walker leaves estimated $25 million to daughter,” Feb. 5, 2014