Whitney Houston’s passing sheds light on estate planning

Posted on February 21st, 2012 No Comments

The untimely passing of the singer, Whitney Houston, has left many people wondering if she had updated her trusts in time.

According to a source close to the singer, Houston named her 18-year-old daughter as her sole beneficiary of her estate. It is unclear at this time whether a living trust was established or if any trusts were established by using estate finances. In 2006, Houston went through a divorce with Bobby Brown. Friends and family are hopeful that she updated her will after the divorce was finalized.

Her death is a reminder to everyone that it is important to keep your trusts in mind and to update them on a regular basis. It is important to continue to allocate funds to the trusts you set up for your heirs, so that everything is in the order you want before it is too late.

If you need help regarding estate planning, please contact the Houston estate planning lawyers of Garg & Associates, P.C. by calling 800-242-2151 today.

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