Saturday, April 11, 2009

Why You Should Have A Will

Twelve years ago Conseco Executive Vice-President and General Counsel, Lawrence Inlow, died tragically as he walked into the business end of helicopter rotor. Seems he felt that his time was so valuable, driving to the airport from his office up in Carmel was a terrible waste of time.

Anyway, Mr. Inlow was a very wealthy man at the time to the tune of $180 million buckaroos. One would think Mr. Inlow, being an attorney of such largess, would have all of his affairs in order. Well, he didn't. Mr. Inlow did NOT have a will. Seems that his estate has been a series of lawsuits between his ex-wife, widow, and children from both marriages. The last item is about which half of his family has to pay for his $284,000 private mausoleum. I wonder if it has a flat-screen TV?

As a result, a large undetermined chunk of his estate has been squandered on attorney fees not to mention the value of his Conseco stock evaporated during all of the litigation.

So, for the sake of your loved ones, make your wishes known in a properly written and witnessed will. And Julie is channeling through me right now saying you also need a living will and a duly-appointed medical power of attorney! The cost is nominal and should you need any beneficiaries please leave a comment with your contact information. I will be in touch.

1 comment:

Unknown said...

LOLOL that is one way to make some $$$. Sorry to disappoint, already have my millions taken care of ;o). Seriously though, it may sound morbid to some, but it is a logical thing to do. I would hate to leave mine to the state as I have no biological children of my own.