The death of famous designer L’Wren Scott has led to some debate over her estate plan. The well-known fashion designer passed away earlier this month after committing suicide. In a surprising twist, she left her entire estate to her boyfriend, Rolling Stones frontman Mick Jagger.
Her will lists Mick Jagger as the sole beneficiary of her $9 million estate. Her will did not include her siblings and they are set to receive nothing from her estate. In addition to her fortune, Mick Jagger is also listed as the beneficiary to her automobiles, furniture, clothing, jewelry and other personal items.
Leaving her entire estate to her boyfriend could lead to some tension with her siblings. However, reports show that she wasn’t very close with her two siblings, which is likely why she didn’t name them in her will. Her siblings could possibly contest her will, but they would have to prove that she was not in the right mental capacity when the will was created or that the will is missing legal requirements. There are no reports of her siblings stating they want to contest her will, but it is a possibility.
The fact that she left her entire estate to one person may seem shocking, but it is more common than you think. If you are drafting your will and are leaving your estate to only one person, you should definitely discuss it with that individual. It can also be helpful to discuss your will and other estate planning documents with other family members or loved ones who may think they will be named as a beneficiary in your will. Discussing the specifics of your will now can reduce stress and hurt feelings in the future as well as prevent potential legal battles over your estate.
Source: Hollywood Life, “L’Wren Scott: Real Reason She Left Estate To Mick Jagger, Not Siblings,” March 27, 2014