I confess to never having heard of Latin music and Mexican TV personality Jenni Rivera prior to her death in a plane crash in December.  I similarly confess to never having heard of her estranged 3rd husband, Esteban Loaiza, who plays for the Detroit Tigers.  So why am I blogging about them?

Rivera and Loaiza separated two months prior to her death.  After separating, River left a detailed letter to her sister asking her to take care of her children and business enterprise valued at $25 million in the event of her death.  It is unknown if she had other estate planning documents or a pre-nuptial agreement.

What lessons can be learned from her estate?

1.  When marrying for a 3rd time, one should definitely have a pre-nuptial agreement.  If Dennis Hopper can do this, others should, too.

2.  When leaving on a trip, consult an estate planning attorney about preparing a will/revised a will.  A handwritten note is generally not effective.

3.  When separated from a spouse, revise the estate plan immediately and implement a trust to preserve the assets for the children.

4.  $25 million net worth?  Apparently there is money to be made on Mexican TV and Latin radio for tumultuous personalities.