Tonight’s guest blog post, on the topic of Elvis and wills, technically a departure from writing but who knows how much your writing will be worth in the future, plus it’s really interesting. ‘Lessons from Elvis’ is brought to you by novelist Una Tiers (author Of Judge vs Nuts).
Lessons from Elvis
Nearly thirty-five years ago, (in 1977), Elvis Presley died at the age of 42. Five months before his death he signed a will and trust to dispose of his worldly goods. Along with beautiful music, he left several important estate plan lessons.
When making an estate plan, we usually plan far into the future, considering grown children and grandchildren to inherit.
Elvis planned for future children and grandchildren, but focused on provisions for his daughter, father and grandmother, and any relative in need of emergency help through the lifetime of his father. He considered the people currently depending upon him.
Elvis also used a trust to delay his daughter’s inheritance until she reached her 25th birthday. She was nine years old at the time of his death.
Here are the Elvis lessons: provide for the people around you at the time you make your estate plan as well as for the future; consider using a trust so that you can delay inheritance until your beneficiaries are mature enough to handle money, and update your estate plan so that it represents what you want (Elvis signed his last will only five months before he died). Don’t assume that wills and trusts are better suited for the rich and famous more than everyday individuals. To put your money to the best use, make a list of assets, decide who you want to inherit and who you want to be in charge.
One of the witnesses to the will lived on Elvis Presley Boulevard.
This article was written to take a look at options about your estate plan. Laws vary from state to state and from country to country. Your estate may have restrictions depending on your circumstances. You should talk to an attorney licensed in your jurisdiction to make the plan for you.
Thank you, Una, that was great!
Una Tiers is a Chicago attorney whose debut humorcide, Judge vs Nuts was released in early 2012. The story is about a goldfish, a lawyer, a dead judge and corruption in the courts. It will make you laugh and has been described as hilarious, droll and witty, by authors Barbara D’Amato, Ellis Vidler and Thomas Rizzo.
Her debut novel: Judge vs Nuts, can be purchased at Amazon.com.
Una is also on LinkedIn, facebook and good reads and invites you to join her.
If you would like to write a writing-related guest post for my blog then feel free to email me with an outline of what you would like to write about. If it’s writing-related then it’s highly likely I’d email back and say “yes please”.
The blog interviews return as normal tomorrow morning with non-fiction author Anderson Maestri – the three hundred and eightieth of my blog interviews with novelists, poets, short story authors, bloggers, autobiographers and more. A list of interviewees (blogged and scheduled) can be found here. If you like what you read, please do go and investigate further. And I enjoy hearing from readers of my blog; do either leave a comment on the relevant interview (the interviewees love to hear from you too!) and / or email me.
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