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Famous Celebrities Who Failed To Plan Here you will find our favorite celebrity estate planning blunders. We've taken just a few well known estates and listed them here to help illustrate what can happen if you fail to plan. While these accounts highlight the horrors of improper estate planning for celebrities, what about the average affluent American? You know who I'm referring to; the neighbor down the street, associate, friend and relative who has a net worth in excess of $2 million — they're considered wealthy, affluent. Tragically, most are no better off than Senator Kerr, Karen, Jerry, Sammy or even Elvis. In fact, statistics show that 70% have no logical plan to distribute their wealth from one generation to the next. They play right into the hands of the Federal Government. It's lunchtime for the hungry agents of the IRS and they're eating fast food - and plenty of it.
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