Content provided by WealthCounsel; reviewed and edited by Beth Ann R. Lawson, Esq.
Most of us would assume that individuals of extreme wealth would take steps to protect their estates and the people they love. Yet some of the world’s richest and most famous people pass away with no estate plan in place. Others made estate planning mistakes which tied up their fortunes and heirs for years in court. Three high-profile celebrity probate disasters offer lessons from which we can all learn regardless of the size of our individual estates.
Tom Carvel, The Ice Cream Man
As the man who invented soft-serve ice cream and established the first franchise business in America, Tom Carvel had a net worth of up to $200 million when he died in 1990.