Maybe you were a skater as a kid, or maybe you enjoy heading up to the mountains to snowboard in the winter. If you do, you share the same passions as Tom Sims, who created the framework for current snowboards with metal edges and high-backed bindings.
Sims was so enthralled with skateboarding after a visit to L.A. as a child that it pushed him to make ways to continue to ride a board year-round, according to The New York Times. Besides the snowboard, Sims also started Sims Skateboards, which sponsored the biggest names in skateboarding in the 70s and 80s.
Sims, 61, passed away from complications after suffering cardiac arrest. He leaves behind his sister, his wife, three children, and two step-children.
This board-sport pioneer was also the catalyst for creating the snowboard halfpipe and freestyle competitions, according to the Times. The first competitions had been solely in slalom, like skiing. But Sims brought his skateboard style to the slopes, and things have never been the same.
Besides leaving a legacy in the extreme sports world, Sims left a legacy of enjoying life to the fullest. But what about his estate?
Many younger people leave estate planning out of their lives until they become sick or get older. The problem is, this bypasses the issue of accidental or unexpected death. If you die without a will in such cases, your estate will be distributed according to the laws of the state in which you pass away.
If you have a successful business like Sims, it makes sense to go through an estate planning checklist to make sure your assets are covered in the event of an unexpected calamity.
While there are no details about Sims' estate plans, it is possible that some sort of trust structure was recommended to him to help his family avoid the probate process and also to better organize complex assets. Trusts also keep the amount of assets and to whom they are distributed out of the public domain.
For now, all we know is that Tom Sims is ripping the best pow-pow while the rest of us dream about the upcoming snow season.
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