Wealth tends to attract estate battles.
Many people want to be rich and famous.
Celebrities seem to have it all.
People envy them.
One thing no one envies?
Many celebrities have contested wills.
According to The Daily Telegraph article titled “Reg Grundy’s daughter says he had Alzheimer’s when he cut her from will,” Reg Grundy is one of these unfortunate souls.
He was a television tycoon.
Australian shows like Wheel of Fortune and Neighbors were his creations.
Now, following his death at age 92, his estate is being contested.
His 61-year-old daughter Kim Robin Grundy—also known as Viola La Vallette—is contesting his will.
Reg left the majority of his estate to his widow Joy Chambers-Grundy.
Kim wants a part of his $900 million estate even though she was estranged from her father for more than 20 years.
She claims he had Alzheimer’s disease and was not mentally competent at the time he made his will.
Is this true?
A definite answer does not exist at this time.
However, if you (or a loved one) are at risk of developing dementia, you should create a will as soon as possible.
This needs to be accomplished while you still have the capacity to make your own decisions.
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: Starts at 60 (August 6, 2018) “Reg Grundy’s daughter says he had Alzheimer’s when he cut her from will”