A Woman's Legacy
A Not-So-Happy Accident: Bob Ross’s Estate Planning Failures Leave His Son with Next to Nothing—Part 1
Bob’s philosophy in both painting and life was that thre “were no mistakes in life…just happy little accidents.”
Estate planning is not a one-and-done type of deal. Your plan should continuously evolve along with your life circumstances and other changing conditions, such as your assets and the law.
The combination of child support payments and back income taxes left DMX deeply in debt. In fact, some estimates put DMX’s net worth at the time of death more than $1 million in the red.
Despite selling more than 74 million albums and enjoying a wildly successful career in both music and movies, DMX, who died without a will, left behind an estate that some estimates report being millions of dollars in debt.