A Last Will and Testament is important for ensuring your assets and estate are passed on to the right people. We’ve written about this several times. Even prisoners should have a Last Will and Testament. Guilty or not, everyone needs one. Andrew Tate is no different. 

The controversial social media influencer, Andrew Tate, is currently awaiting pending charges for alleged human trafficking, tax evasion, and more, in Romania. The 36-year-old was arrested in December along with his brother, Tristian, as the authorities seized his estate and his assets.

The ex-kickboxer has gone viral for his rants on acquiring money, women and society. He has also operated “Hustler’s University,” which is an online platform to allegedly teach men on how to make money. That platform has also come under scrutiny as well, as there have been many allegations of the university fleecing people out of his money. Given the charges against Tate, and the descriptive rants he’s made on social media, he has a long road ahead for his freedom. 

 Neither Andrew nor Tristian have access to social media, but someone has been updating his Twitter page with his thoughts. One of his tweets on his Last Will may catch your interest. You can read the tweet here.

Both Millennials (born roughly in the early 80’s) and Gen Z (born roughly around 96′ and 97′) are struggling in an economy that has seen the price of everything increase. Job prospects are more difficult and saving for retirement is much more difficult than it was for earlier generations. Estate planning is, however, still important for everyone, no matter how few in the way of assets and possessions a person may think they have. Gen Z is no different; they may believe they have fewer assets than their parents, but they still need to engage in estate planning. They also have different values than other generations, and that needs to be respected when it comes to estate planning. 

The first thing to note is that Generation Z is the first generation to practically be born with phones in their hands; they are more adept with  technology than their parents are. This can affect the way they plan for their estate. As previously mentioned, they have different values from their forebearers; they’re more likely to volunteer and put themselves behind political and social causes. This effects what they value in life and where they want their charitable donations to go.

They are also more likely to want to create their own (tech) startups. That may mean that  leaving assets in a discretionary lifetime trust would be beneficial for members of Gen Z. You can read more tips on how estate planning is different for Gen Z here.

 

 

Jon Peters is a movie producer who has worked on high-profile movies like Tim Burton’s Batman. He met Pamela Anderson in the early 90’s and was apparently so smitten with the blonde bombshell, that they were started a relationship right away and were married soon after (that was quick, because they began courting after they met during the course of one day). They were married for a total of 12 days, and according to Peters, Anderson broke his heart after the marriage was dissolved. He claimed that he lavished his wife “with cars and clothes and all things sparkly.” Peters also claimed that he paid off his newly-married wife’s debt (all $200,000 of it)! Peters  claimed that Pamela initiated the marriage and divorced her husband soon after. Surprisingly, he is not very bitter, today, about how the relationship ended. Time really does heal all wounds. 

Pamela Anderson, for her part, refutes Peters’ claims that he paid off her debts or even that they were married at all. It’s a confusing scenario, but according to Peters, he recently announced leaving behind $10 million dollars for her in his Last Will “whether she needs it or not.” That’s true love. Anderson must have left quite an impression on her ex. You can read more here.

It looks like Ivana Trump REALLY didn’t like her ex-husband, Donald Trump. 

Trump, after all, gets nothing in his ex-wife’s Last Will and isn’t entitled to any of the $34 million fortune that was left behind. The 73-year-old, who passed away in July of 2022, was a rags-from-riches story. Hailing from Czechoslovakia, she definitely didn’t come from wealth. That all changed when she moved to Canada. She (as did many others) was able to scrape out of poverty by hitting it big in the West. She became known as a model and had a reputation as a talented skier. After she met Donald Trump, she began working for his organization, putting in several hours of overtime work as an interior designer. She was personally involved in the interior design of her husband’s Trump Tower in New York City. 

After the divorce to the famous real estate and business mogul, Ivana walked away with a whopping $14 million dollars from the marriage in the early 1990’s. This was in addition to the other perks: $650,000 a year in alimony, child support to raise their three children, and  a mansion in Connecticut and an apartment on the Upper East Side, New York. Ivana Trump definitely didn’t wind up destitute and walked away a winner.  

In her Last Will and Testament, Ivana directed her $34 million-dollar fortune to go to her friends, family (her children) and even her old nanny (who acquired $1 million-dollars from the Will). Her clothing (fancy furs and expensive dresses) were all bequeathed to the Salvation Army. Ivana Trump’s  Upper East Condo, her property in France, and her other property in Czechoslovakia, are all bequeathed to her children. 

A real rags-to-riches story!