Lessons Learned From Kate Spade’s Estate Plan

Kate Spade, the iconic American designer, and entrepreneur was worth over 200 million when she tragically took her life. Despite her financial successes and no doubt numerous attorneys advising her concerning her business and professional life, she did not have an estate plan when she died. Separated from her husband and survived by her thirteen-year-old daughter, the courts determined her beneficiaries. No matter what stage you are in personally or financially, establishing an estate plan with a knowledgeable attorney is one of the most important things you can do for your business and family, leaving a lasting legacy.
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