Estate Planning: What We Can Learn from Raquel Welch
Raquel Welch, the iconic actress and model, has had a successful career spanning over six decades. With her net worth estimated at around $30 million, it’s no surprise that she has taken steps to plan her estate and protect her assets for her loved ones.
If you’re considering estate planning, here are some key lessons you can learn from Raquel Welch’s approach:
- Plan ahead
Raquel Welch takes an active role in her estate planning, ensuring the protection and distribution of her assets aligns with her desires. By planning ahead, you can avoid the stress and uncertainty of leaving your estate in the hands of the probate court.
- Consider a trust
A trust can be an effective tool for estate planning, as it allows you to transfer assets to your beneficiaries without the need for probate. Raquel Welch reportedly set up a trust for her children, which may provide them with tax advantages and privacy in the event of her passing.
- Communicate with your loved ones
To prevent confusion and conflict after your passing, actively communicate your estate plan with your loved ones. Raquel Welch has reportedly discussed her estate plan with her children and has been open about her wishes for her assets.
- Update your plan regularly
Estate planning is not a one-time event – it’s important to review and update your plan regularly to ensure it reflects your current wishes and circumstances. Raquel Welch has likely updated her estate plan over the years to reflect changes in her life, such as the birth of grandchildren or changes in her financial situation.
Estate Planning: What We Can Learn From Raquel Welch. If you’re ready to start estate planning, consider working with Schomer Law Group, APC, by calling (310) 337-7696 or by clicking HERE. We can help you create a plan that reflects your wishes and ensures that your loved ones are taken care of after you’re gone.
Cesar has received his Masters of Science in Integrated Design, Business and Technology from the University of Southern California.
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