Tuesday, March 11, 2008

Yet another chapter on why you need a will

Heath Ledger's will leaves nothing to his girlfriend or their 2-year old daughter, according the AP. He never updated it to include them.

Had Ledger married the mother of his child, state law might have provided an inheritance for the informal family. Now they must rely upon the kindness of relatives.
Ledger's father, Kim, has said the family would make sure the actor's former girlfriend, actress Michelle Williams, and that their 2-year-old daughter, Matilda Rose, would be provided for, according to published reports.
There should be gift tax consequences for such provisions. No word yet on the value of his estate.

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