Not all of Cassidy’s relatives will inherit.
Although famous, David Cassidy did not have much of an "estate" at the end of his life.
In fact, he had just $150,000 in assets when he died.
According to a recent The Daily Mail article titled “David Cassidy Cut Daughter Katie Out Of His Will,” he even sold his home in Fort Lauderdale and its furnishings two years ago.
How did he divide up the little he left behind?
Well, he left his music memorabilia to his half siblings.
He cut also disinherited one of his children and left all of his money to his son Beau.
His 2004 last will and testament specifically directed that all of his money was to to be distributed to Beau and none was to pass to his daughter Katie or any of her descendants.
Although we may never know the exact reasons a person makes specific choices, we can venture a guess.
David was never married to the mother of Katie.
On the other hand, he was married to the mother of Beau from 1991 to 2016.
David and Katie had a poor relationship over the years by all accounts.
While father and daughter had apparently reconciled in recent years, they had again fallen out of touch.
Even so, Katie was present when her father passed away.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: Daily Mail (December 6, 2017) “David Cassidy Cut Daughter Katie Out of His Will”