Boyes, Farina & Matwiczyk

Leverage. Insight.



Daily Archives:Wednesday, June 11, 2014

Multi-Millionaire Fails To Do Estate Planning Before Dying

June 11, 2014

Roman Blum was a multi-millionaire who had accumulated his fortune mostly through real estate investments and transactions. Blum, who recently died at the age of 97, left behind a $40 million estate. However, Blum made the mistake that many in Florida and elsewhere are making. He failed to do any estate planning, which may result in the state government taking most of his fortune.

The multi-millionaire did not leave behind any will or any other estate planning documents, which are usually used to instruct loved ones on how a person wishes his or her estate to be administered….