fbpx

Wills of the rich and famous: David Bowie

  • By:Ron Payne

Like many of you, we were saddened to hear of David Bowie’s passing. During his lifetime, he sold an estimated 140 million records worldwide. In the UK, he was awarded nine platinum album certifications, eleven gold and eight silver, and released ten number-one albums. In the US, he received five platinum and seven gold certifications. (1) He was inducted into the Rock and Roll Hall of Fame in 1996.

According to the New York Times, on this past Friday, his will was filed with the Surrogate’s Court in Manhattan (which is the equivalent of the Estates Department, which is a division within the Clerk of Court’s office here in North Carolina). He did what a lot of our clients do – leave half the estate to their spouse and then split the remainder between the children in equal shares. However, Mr. Bowie (legally known as David Robert Jones) did have a couple of interesting bequests:

He had a daughter under 18, so her share was left to her through a trust, and included a penthouse in NY (this is how we most often utilize trusts to help our clients!)

$2 million to his long time personal assistant CoCo

$1 millon to his Nanny, Mrs. Skene

Although I don’t think I will be able to leave $2 million to my amazing and awesome legal assistant (Mary), I definitely can appreciate his sentiment! She is our primary point of contact with our clients, and if you need an estate plan drawn up, she, along with our entire firm, will take great care of you 🙂

Important note: Most people think that if they are married, if they die, everything automatically goes to their spouse – that is NOT TRUE in North Carolina (or most states). In North Carolina, you need to have a will, otherwise it is split by statute according to both how many children (if any) you had and the length of your marriage. Take advantage of our FREE consultation during this month of love and let us help give you an idea of a good estate plan for your situation as well as a FREE estimate of the various options. Also, if you find yourself in the midst of a loss like Mr. Bowie’s widow, our firm would be glad to assist you with the probate side of things. We handle cases in Forsyth, Guilford and the surrounding counties, especially Kernersville, Winston-Salem and Greensboro markets. We also have a very skilled and talented elder law attorney in our Boone office who can help with your estate planning and probate needs in the High Country, Boone, Jefferson and surrounding areas.  Contact us today to setup your free consultation!

Last but not least, being the musicians we are, here’s a youtube top 10 list featuring the music of David Bowie. Enjoy!

 

 

Posted in: Estate Planning, General