When people consider the estate planning process, they need to keep in mind that there is not a one-size-fits-all approach to planning for the future. Every person is different, and every person's retirement planning is different too. While many Virginia residents will have their own factors to consider, they would be hard-pressed to have as explosive a case as that of a deceased Taiwanese billionaire.
Though the man died in 2008, the fight over his estate is still brewing. His widow brought a suit in federal court in Washington, D.C., in an attempt to recoup billions of dollars that she claimed should go to her. The couple were married for 72 years but had no children. However, the late billionaire, who was among the 200 wealthiest people in the world, had nine children with two other women to whom he was not married.
