Stieg Larsson– Another Example of Why Estate Planning is So Important

In case the name does not call any bells offhand, Stieg Larsson is the author of the granting winning unique turned film, The Girl with the Dragon Tattoo. Larsson was a Swedish journalistic all his life who turned author literally months prior to his death. Eventually, his estate was valued at upwards of $50 million and climbing up; nevertheless, his lifelong partner didn’t receive a cent as a result of Larsson’s absence of an estate plan.

Larsson was a controversial reporter throughout his life who, like numerous writers, chose to compose a novel in his extra time later in life. The publishing rights for the novel were acquired shortly prior to his death. Larsson died of a cardiovascular disease in 2004, just months prior to his first novel skyrocketed to the top of the charts all around the world. Hollywood quickly acquired the rights to turn the book into a motion picture. Larsson had currently ended up a second and 3rd book in the series prior to this death. A 4th book was almost completed.
Although Larsson had actually apparently signed a Last Will and Testament back in 1977, it was not witnessed. Under Swedish law, that alone revoked the Will. Appropriately, Swedish law offered Larsson’s entire estate to his daddy and sibling. Reportedly, Larsson had really little contact with either of them and definitely was not near to them.

Unfortunately, the one individual that Larsson was close to gotten absolutely nothing under Swedish law. Larsson’s girlfriend of thirty years, with whom Larsson lived at the time of death, was not entitled to anything because they were not legally wed. Paradoxically, they did not lawfully wed due to the fact that of legal requirements that required their address to be revealed if they married. Provided the unpopular stance Larsson frequently took on controversial topics in his writing, the set did not wish to take the threat of making their address public.
Famous accounts of bad estate planning, or a total lack of estate planning, are plentiful. Even individuals with a substantial fortune typically do not take the time to sit down and decide what they want to be finished with that fortune when they die. Even if you do not have a fortune to ignore, do not miss the chance to choose who will receive your possessions when you pass away and how they will receive them. Speak to your estate planning lawyer now, before it’s far too late.