The legendary actress Celeste Holm passed away recently, and she will certainly be missed. Holm had an enormous impact on the industry over a very long period of time, winning an Oscar in the 1940s and appearing on a multitude of television shows decades later.
Celeste Holm was 95 years of age when she passed away in her Manhattan apartment with her husband Frank Basile by her side. She married Basile back in 2004, and it should be noted that the man who is now her widower was 44 years younger than she was.
During the course of Holm’s marriage costs incurred while grappling over financial matters with her two sons consumed most of her savings. Apparently her sons were not pleased with the way her finances were arranged during her marriage to Basile.
From an estate planning perspective this case raises at least one poignant question. Was Holm of sound mind at the time of her marriage and during it?
It is being reported that she was being treated for memory loss prior to her marriage to Basile.
We have no way of knowing Holm’s precise mental condition, but it is indeed common for people who reach their 90s to suffer from diminished faculties.
This is why incapacity planning is so important. You can protect yourself and your family by taking the appropriate legal steps when you are fully capable of doing so.
Should you be interested in discussing your options with an expert, simply pick up the phone to arrange for a consultation with a licensed and experienced Central New Jersey estate planning lawyer.
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