Luke Perry Protected His Family With Estate Planning

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Luke Perry died surrounded by loved ones. The actor - who rose to fame playing a teenager on Beverly Hills 90210 - died from a condition that most think of as only striking 'old' people. Perry's foresight to do the proper estate planning meant that the tragedy was not made worse for his family.

for screening for colorectal cancer. He discovered he had precancerous growths following a colonoscopy and began urging others to do the same testing. According to a family friend, it was because of this scare that Perry created a will to protect his children., it is likely that he created a revocable living trust in addition to a simple will. If he had only a will, then his estate will have to pass through probate court.

The one potential unresolved question is whether Luke Perry would have wanted something to go to his fiancé, therapist Wendy Madison Bauer. Since his reported will was done in 2015, Perry likely did not include Bauer at the time. If the couple had gotten married prior to his death, then Bauer would typically have received rights as a".

Because Perry died before marriage, Bauer is not entitled to inherit anything through his will or trust. This is assuming the report that his children are his only beneficiaries is accurate and no later will, trust, or amendment is found that includes Bauer. And it is still possible that Perry left money for Bauer in other ways, such as through a joint bank account or life insurance.

Luke Perry's tragic death provides an important lesson for everyone. No one should wait until they are"old" to do their estate planning. Perry's cancer scare in 2015 sparked him to take action, which simplified the process for his family to terminate life support and will likely make the process of dividing his estate easier. Perry certainly did not expect to die at age 52, but -- at least legally -- he was prepared for it.

And as Luke Perry's situation demonstrates, it's not just cancer that people need to be worried about. With the sudden and shocking nature of Perry's death, awareness is being raised about the dangers of strokes in everyone, including those who are middle-aged instead of elderly. The

 

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Don't want to end up in probate forever. It's just smart if you have any sort of assets and people to leave it to.

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