In virtually any significant social matter, the mistakes of others can present an opportunity to those who are willing to learn from those errors. Such is the case with celebrity estate planning missteps, which are often widely reported in the media. New Jersey residents who follow these matters can learn a great deal about how not to construct their own estate plans, and can use that knowledge to avoid a similar outcome.
Take, for example, the contention and strife that followed the death of Michael Crichton. The successful author made millions of dollars from his popular novels and their movie rights. However, a failure to update his estate plan left his family in a series of bitter battles after his unexpected death.