Stieg Larsson– Another Example of Why Estate Planning is So Crucial
In case the name does not call any bells offhand, Stieg Larsson is the author of the granting winning novel turned movie, The Lady with the Dragon Tattoo. Larsson was a Swedish journalistic all his life who turned author literally months prior to his death. Ultimately, his estate was valued at upwards of $50 million and climbing; nevertheless, his long-lasting partner didn’t get a cent as a result of Larsson’s lack of an estate plan.
Larsson was a controversial journalist throughout his life who, like lots of writers, chose to write an unique in his extra time later in life. The publishing rights for the novel were acquired soon prior to his death. Larsson passed away of a cardiovascular disease in 2004, just months before his very first unique escalated to the top of the charts all around the world. Hollywood soon purchased the rights to turn the book into a motion picture. Larsson had currently ended up a 2nd and 3rd book in the series prior to this death. A fourth book was nearly ended up.
Although Larsson had apparently signed a Last Will and Testimony back in 1977, it was not experienced. Under Swedish law, that alone invalidated the Will. Accordingly, Swedish law gave Larsson’s whole estate to his dad and bro. Reportedly, Larsson had really little contact with either of them and definitely was not near them.
Unfortunately, the someone that Larsson was close to gotten nothing under Swedish law. Larsson’s girlfriend of 30 years, with whom Larsson lived at the time of death, was not entitled to anything since they were not legally married. Ironically, they did not legally wed because of legal requirements that required their address to be made public if they married. Offered the undesirable position Larsson frequently handled controversial subjects in his writing, the set did not wish to take the threat of making their address public.
Famous accounts of poor estate planning, or a total absence of estate planning, are plentiful. Even people with a substantial fortune often do not take the time to take a seat and choose what they wish to be done with that fortune when they pass away. Even if you do not have a fortune to ignore, don’t miss out on the opportunity to decide who will receive your assets when you die and how they will receive them. Talk with your estate planning attorney now, before it’s too late.