[UPBEAT MUSIC PLAYING]
Though it's no fun to talk about,
everybody has to go sometime.
The question is, do you have a smart exit strategy?
Historically, some very smart people
haven't been very smart about estate management.
Marilyn Monroe left the bulk of her assets
to her acting coach, Lee Strasberg.
When he died, his interest in her estate
passed to his third wife, Anna, who didn't even know Marilyn.
Anna ended up licensing Monroe's products
to companies like Mercedes-Benz and Coca-Cola.
She eventually sold the estate for tens of millions
of dollars.
If Marilyn Monroe had established a trust,
she might have been able to provide for Strasberg,
while he was alive, and then pass the remainder
of her estate on to another individual
or charity of her choosing.
Rockstars Elvis Presley and John Lennon each
established a trust strategy that
passed the bulk of their assets to their chosen beneficiaries.
Of course, there is the case of Leona Helmsley,
who created a $12 million trust fund... for her dog, Trouble.
Whoever your chosen beneficiaries may be,
it makes sense to pass as much of your estate as possible
to them and manage estate taxes and the probate process.
As estate conservation is too important to put off,
do you have a smart exit strategy?
Schedule a review today and find out.