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What Can Hugh Hefner Teach Us About Estate Planning?

The recent passing of cultural icon Hugh Hefner has lit the spark for a variety of fascinating conversations. The most interesting, from our perspective, is what sort of arrangements did he make to ensure the accurate distribution of his roughly $40 million estate? His significantly younger wife is not listed as an heir to the estate, thanks to an ironclad prenuptial agreement she signed several years ago. But the agreement does state that she will be “looked after”. With a little creative thinking, there are ways to accomplish this –  Kelly McNerney shares an article that outlines a few possible strategies Hef might have considered.