Celebrity Estate Planning : Misfires of the Rich and Famous II

By Jessica Galligan Goldsmith, David Y. Choi, Shaina S. Kamen, Gerry Joyce, Christiana M. Lazo, Alison Silverman, and Bruce D. Steiner

In many ways, celebrities are no different from other people. Even though they often have access to the best managers, agents, and attorneys, celebrities often have non-existent or outdated estate plans. Sometimes changes in family circumstances or in the tax laws can create unexpected results, and sometimes no tax planning has been contemplated. The estate plans of the celebrities discussed in this article, which is a sequel to an article in the July/August 2018 issue, can provide useful lessons to estate planners and individuals.

Hollywood Star

Hollywood Star

Practitioners should warn clients that disinheriting one or more children creates a significant risk of estate litigation.

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