Updated: Apr 12, 2019
First Aretha, then Prince. Now it appears Tom Petty's estate is in trouble. He created a trust, but he also created a problem when he expected his his new wife and adult children to be able to work together. Now, the thing he was trying to avoid--litigation--is unavoidable.
Wealth doesn't insulate people from poor planning. And those of us who don't have extreme wealth are not insulated from the need to plan.