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They Won't Back Down

First Aretha, then Prince. Now it appears Tom Petty's estate is in trouble. He created a trust, but he also created a problem when he expected his his new wife and adult children to be able to work together. Now, the thing he was trying to avoid--litigation--is unavoidable.

Wealth doesn't insulate people from poor planning. And those of us who don't have extreme wealth are not insulated from the need to plan.

Tom Petty (Photo by Samir Hussein/Getty Images)

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