You might think that an actress who had the longevity and the success of Celeste Holm would leave behind quite a financial legacy.
However, it is being reported that the former Academy Award winner, who passed away on July 15 at the age of 95, had exhausted most of her savings.
How did this happen? It appears as though the legal struggle that she was engaged in with her two sons in the years preceding her death consumed the majority of her resources.
Celeste Holm was reportedly treated for memory loss back in 2002. A couple of years later she got married to a fellow named Frank Basile, who is more than four decades younger than Holm.
The way that her finances were set up during the marriage didn’t seem appropriate to Holm’s two sons and they took legal action.
This is a case that reveals a dichotomy. On the one hand, you should certainly have the right to do as you please as an adult regardless of what others, even family members, may think about it.
But on the other hand, if you are not in full control of your faculties your actions may not be consistent with what you would have wanted before your cognitive abilities started to wane.
Perhaps the best way to proceed is to assert your wishes in writing while there are no doubts about your condition with the well being of your loved ones in mind.
To discuss the matter in detail with an expert, take action right now to arrange a consultation with seasoned, savvy Indianapolis estate planning lawyer.
Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
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