04/12/2026
If you need a reminder: Cal is Rose’s fiancé who is the heir to a multimillion $ business and Jack is the poor transient kid who won a ticket onto the Titanic in a lucky hand at poker right before Titanic left port. In one scene Jack states that all he’s got is ten bucks in his pocket- that’s the equivalent of roughly $340 today.
A common misconception is that estate planning is for wealthy people, and one of the most common reasons I hear for not “needing” an estate plan is “I have no estate to leave anyone.” This is patently false for two reasons: (1) everyone has an estate no matter the size and (2) estate planning encompasses far more than just delineating who will get your assets after you've passed away. An estate plan includes appointing someone to assist in financial and medical decision-making during your lifetime as well.