Too Many Wills Creates Chaos

In my book Stop! What are you waiting for? Your Step-by-Step Guide to Estate Planning, I stressed the importance of shredding prior wills. Even though the new will revokes any prior will, finding the old one first could start a process in the wrong direction and create disharmony when the current will is found.

Apparently, there were 2 wills found for Gary Coleman and even some handwritten notes. The handwritten notes would not be a will if the will formalities were not followed.

You must handle your will as you handle your other business. Be organized and consistent. If your will is not maintained with your attorney, maintain it in a safe or safety deposit box. Why have unnecessary chaos, with a little planning while following best practices, you lessen the burden on your family and friends.

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Updating Your Will is as Important As Having a Will

When actor Heath Ledger died at age 28 in 2008, he had a will. However, it was written three years before he died. This was prior to his relationship with Michelle Williams and the birth of their daughter, Matilda Rose. The will left everything to Heath Ledger's parents and sister. What does all this mean for his daughter Matilda Rose? Will her grandparents and aunt look out for her, financially? That is anyone's guess. Stay tuned but more importantly update your will before it is too late.

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