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29. Money Doesn't Make You Smart: The Gene Hackman Estate Debacle
Manage episode 473774024 series 3555263
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Rich people aren’t automatically good with money. Even an $80 million fortune can’t save you from poor financial decisions. Gene Hackman’s outdated estate plan just turned into a legal circus, all because no one thought to update the documents since 2005.
Many people don’t want to deal with the stress that millions of dollars comes with, and some just delegate those decisions away. Here’s the bottom line: Money ≠ good planning, and your estate plan won’t update itself.
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