Financial Security and Special Planning

Women of Wealth have learned that your abundance of wealth depends greatly on your plan for financial securty. This site will help you attract wealth.

Don't make Anna Nicole's mistakes.

In a will executed in 2001, Anna Nicole Smith (the celebrity model) arranged to place all of her assets in a trust.  Her son, Daniel, was named the beneficiary.  When Daniel died before his mother, the trust legally lapsed!  Because she failed to update her will to name her daughter, Dannielynn, as the beneficiary, her sole surviving child was accidentally disinherited.

Dannielynn's financial security was in jeopardy!

Accidental disinheritance is a growing problem because of the development of different types of ‘trusts’ which can greatly influence your abundance of wealth.  Plus, “do-it-yourself” wills are more prone to technical errors – especially when step-parents are involved. 

Here are some common scenarios which disrupt financial security:

Failure to update a will.
Disinheritance by faulty will.
Disinheritance by step-parent succession.
Disinheritance by ademption (for example, if a house is in the will – but is sold before death).
Disinheritance by misunderstanding survivorship.
Disinheritance by mirror-image wills (for example, if spouse has the same will – but it is not updated by surviving spouse).
Disinheritance by failure to prepare a will.

After death, sometimes these problems are possible to fix – but can be difficult and very costly to your abundance of wealth.  Women of Wealth make sure to pass along this information to loved ones to ensure their financial security because accidental disinheritance is becoming more and more common.

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