SPOILER ALERT!
If you haven’t watched this week’s Succession, then read this FZ Daily after you have.
Last warning…
Okay, here we go…you’ve been warned!
Stuff happens. You could die tomorrow on a private jet leaving your kids up the creek EVEN if you’re worth billions.
And just imagine how complicated it gets if you don’t have that much.
Your estate plan is instructions from beyond the grave.
It details what you want to be done with your money after you’re gone… INCLUDING all of the shares in your billion-dollar enterprise.
I have no doubt the rest of the season will be the kids wrestling over the mess that Logan left behind.
When you don’t have an estate plan everything is up for grabs.
Some probate judge that’s never met you will decide the fate of all of your assets.
And while that scenario makes for great TV, it’s a pretty awful thing to do to your family.
So if you haven’t completed your estate plan, avoid all private jet bathrooms until you have!
(BTW, if you work at a big tech company, you probably have access to legal insurance as an employee benefit, saving you ~$2k in completing your estate plan.)
