A lawyer breaks down the legal mess of Logan Roy's handwritten will from Succession. A $26 billion estate could be split differently under New York law: the spouse gets the first $50,000 plus half the rest, while the kids split the other half. For billionaires, a trust beats a will every time.
One of the wealthiest men in America has died, leaving behind a handwritten will that could tear his family apart. Right, I'm talking about Logan Roy, the CEO of Waystar, with a reported worth of $26 billion. But here's the kicker: Logan left behind a handwritten will. And as with most handwritten wills I've seen, it was several years old, had several additions to it that were handwritten in pencil. Handwritten wills are known as holographic wills, and they are a legal nightmare. So the question is, will a court uphold this handwritten will of an estate worth $26 billion? If the will will is not upheld, the entire estate will pass through intestate succession laws of New York, which I believe that the first $50,000 goes to the surviving spouse, then half of the remainder to the surviving spouse, who I believe is Marcia, and the rest will be split amongst the kids. At least one lesson here is if you have a $26 billion estate, please get a lawyer to do your will, or even better, a trust. To learn all about that, join my Max Your Money community on my profile page in the link. Oh, and you can watch Succession on HBO.
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