Planning for the future is for everyone. However, when California residents hear about celebrity estate plans gone wrong, they may dismiss the news, thinking it doesn't matter to them because they do not have as much wealth that needs to be planned for. Nonetheless, whether one is a business owner, a celebrity or someone working hard to make ends meet, one wants to preserve their legacy for their beneficiaries and ensure their assets are protected. This means an estate plan should not just be a will and final testament-it should also take into account scenarios in which one's cognitive abilities decline and one is unable to make important financial and medical decisions for oneself.
