What We Can all Learn from David Bowie’s Estate Planning

Music stars are not generally known for their financial acumen or their estate planning. The families of music icons including Jim Morrison, John Lennon, Kurt Cobain and Tupac Shakur have gone through nasty estate battles because these men failed to do adequate, if any, estate planning. The same cannot be said for music legend David Bowie, who recently died from liver cancer just days after his 69th birthday and the release of his final album.

Bowie admitted that he was not always wise in dealing with the considerable amount of money that he earned. In fact, in the 1970s and 1980s, he was reportedly near bankruptcy. However, that seems to have changed in the early 1990s after he married former supermodel Iman and moved to New York.

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