Late ‘Rocky’ Star Carl Weathers’ Sons to Split 6-Figure Estate
- Thread starter Diddly Drogba
- Start date
Belize King
I got concepts of a plan.
We two children and seven years in and still haven’t done ours.
Goal is to knock it out before the end of the year.
Very weird. Why does an estate with a will need $40K in fees to release funds to the children? He was old but he wasn’t money under the mattress old.668k in cash, in safety deposit boxes is weird and fishy
No investment accounts? That money wouldve been in the millons if invested
money in the 80s and 90s wasn't what it is now668k in cash, in safety deposit boxes is weird and fishy
No investment accounts? That money wouldve been in the millons if invested
i know a pretty prominent NFL player from then, and i looked up what he made in his career. wasn't shyt 
plus, who's to say he didn't live the hell outta life, and just spend it all. only live once
International Playa
Playa with a Passport
668k in cash, in safety deposit boxes is weird and fishy
No investment accounts? That money wouldve been in the millons if invested
Maybe he cashed out hidden money just before his death because he knew the end was near .
zayk35
Superstar
I guess I realized once I got in my mid 30s, that ppl never really have the liquid worth you might think. And plus you still gotta live 30-60 more years after you turn 35. So he probably had a pretty comfortable lifestyle but not "Ballin Ballin". Once I retire I'm on track to be a couple million up, but I'm gonna be old and who knows what might pop up or everything could take a turn for the worse and that will be drained really quick. But if everything remains as planned I'll still have enough to leave both of my daughters roughly around the same amount as "World Famous Carl " Apollo Creed" Weathers left his 2 sons. But at least his affairs were in order.
Yep! I created my trust last year, best $5k I ever spent. I’m too playa to die and have my family setting up a gofundme or wondering “what would Motife want?”
It’s all laid out in my documents.
I had to administer my dad’s estate after he passed unexpectedly. It wasn’t extremely difficult because he was organized, my siblings were in agreement on what to do and I was able to gain access to all his accounts, passwords etc.
But being thrown into someone’s personal affairs without much preparation is a bytch, that’s on top of grieving (which I really haven’t done), managing family, lawyers, money, etc
SPEND THE MONEY AND GET ESTATE PLANNING DONE. For anyone in the Atlanta area, I have a BLACK attorney I can refer you to for a consultation. She did a great job setting up my trust and making some changes for other assets I acquired this year
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Rip carl
Easy transition like it should be to the kids and the brother paid his taxes
Easy transition like it should be to the kids and the brother paid his taxes
Not bad didn't leave his family I'm debt and thsts good money straight cash
To take it a step further. Do an irrevocable trust so the money stays in your bloodline.
Yes. Because of the field I’m in, we work with a lot of attorneys.
African Peasant
Veteran
Bad move
this infographic should help. it's a little more detailed than this, but you protect your assets from creditors with your trust. Plus if the trust's assets are $13.6 mil or less you avoid estate taxes. IANAL but those are some of the benefits.
Will vs. Trust: What Do You Need? Cost, Process and Uses - NerdWallet
The main difference between wills and trusts is that wills take effect only after you die, while trusts can take care of your assets while you’re still alive.
My bad, I have one I work with. I made a typo and updated my post
Folks need to learn about estate planning, many don’t know anything about life insurance, trusts, or even wills.
salute Carl Weathers for getting his affairs in order
