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Looking at Kasem's probate to avoid estate planning issues


Preparing for the future it common for Washington State residents and those across the nation. Whether it is for the short-term or the long-term, taking steps to protect the future and finances of an individual and their family is important. When a will is constructed during a person's lifetime, the details of the document could unexpectedly created issues during the estate administration. The probate process could be complicated if estate planning is not done properly, so it is crucial an individual carefully and adequately drafts the document.

The recent administration of the well-known radio host Casey Kasem serves as a reminder that estate planning could lead to complex legal issues if proper steps are not taken. In this matter, the issues stem from the fact that Kasem went through a second marriage. Issues present themselves when Kasem was ill and disputes arose about his end of life care. After his death, his adult children and second wife had many battles that ranged from what will be done with his remains to how his $80 million fortune will be distributed.

Careful estate planning is crucial when an individual has a substantial amount of assets at stake. In addition, proper changes should be made when an individual is remarried. Moreover, if there is an age gap between spouses, some precautions should be taken to ensure their wealth and finances are not taken advantage of.

Establishing how inheritances will pass in the event of death is an important step to take no how much an individual is worth. This could avoid disputes and complications during the probate process. This will also ensure that a loved one is not accidently left out.

For some, estate planning can be very complex and could be a lengthy process. During the drafting of the documents, it is important that the individual understands the documents contents. Furthermore, they should accurately reflect their wishes and assets and property to devise to the correct heirs. Those seeking to make an estate plan should have a full financial picture and seek advice about how to move forward with the process.

Source: The Wall Street Journal, "How proper planning can avert a Casey Kasem-type drama," Annika Ferris Cushnie, July 23, 2014

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