July 2013 Archives

Death of James Gandolfini provides lessons on estate planning

The recent and tragic death of "Sopranos" actor James Gandolfini illustrates just how important sound estate planning can be when death unexpectedly occurs. Last month, Gandolfini passed away at the age of 51 in Rome, leaving behind an estate with an estimated value of $70 million. Sadly, however, many reports are stating that tens of millions of dollars of his estate may be lost to taxes alone. Importantly, many believe that these taxes could have been diminished with proper estate planning.

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