Good afternoon,
I hope you and yours had a wonderful weekend. I'm over in Tallahassee completing some continuing legal education hours but I found some time to talk about two subjects I hope you find interesting - pop stars and incapacity planning.
It's not often that valuable estate planning lessons can be found in the pages of supermarket tabloids (the salacious scandals and alien abductions don't leave much room for legal machinations). But recently the on-going drama between Britney Spears and her father has given us the rarest of opportunities where pop stars can teach us valuable estate planning lessons.
For those of you who haven't been following this story, Britney Spears, arguably one of the most famous people on the planet, has been living under the control of a conservatorship for more than a decade. This conservatorship is the result of legal action brought by her father in the wake of some periods of emotional and mental distress for the pop star. Now, years later, her father, various attorneys, and financial institutions have been controlling (and obviously profiting from) the pop star's empire, which some believe to generate hundreds of millions of dollars per year. After being kept away from the media for quite some time it is clear that Ms. Spears wants out of the arrangement to control her own destiny (along with her own medical care and financial decision-making).
Why is this important to you? Well, I'd be willing to bet you want to have a say in who controls your healthcare and financial life in the event you are incapacitated (even temporarily). So with some basic estate planning documents you can likely maintain the control and autonomy that Ms. Spears has been seeking for some time.
This video is for informational purposes only and should not be used for personalized legal or financial advice. Please consult your own legal, tax, or financial professional for specific advice on your personal situation.
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