Joan Rivers was heralded as a stellar performer, but she also left behind a legacy as an incredible businesswoman. Her estate included income, collectibles, and real estate that was estimated in value between $150 million and $250 million. She left behind detailed instructions for her assets after her death, which is rare in a society when many celebrity deaths highlight the weaknesses of their estate plans.
Photo Credit: breitbart.com
Looking at her careful planning, there are a few key lessons: be prepared for the unexpected, outline plans for pets, and correctly title the assets. Joan Rivers was also masterful in giving her family a brief overview of the estate plans to help improve clarity and reduce the possibility of arguments. Rivers made use of family trusts to reduce the tax burden for her beneficiaries and titled her assets
September 30, 2014 | Lessons from the Joan Rivers Estate
Joan Rivers was heralded as a stellar performer, but she also left behind a legacy as an incredible businesswoman. Her estate included income, collectibles, and ...
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August 6, 2014 | Beneficiaries
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July 31, 2014 | Asset Protection Planning
A recent decision from the Supreme Court means there’s no better time than now to review your estate plans and ensure that you have identified ...
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It might feel overwhelming to put together your estate plan, but it’s a good tool for you as well as your children. Taking care of ...
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New research from the Insured Retirement Institute shows that although nearly two-thirds of older individuals considered leaving an inheritance behind important in the past, those ...
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If you or someone you know is planning a wedding anytime soon, there are many things to consider. One of the most important of which ...
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If you haven’t already done your estate plan, perhaps hearing a few horror stories about people who made common mistakes will prompt you to do ...
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Many parents divide their assets equally among their children. That’s the easy way. But what if you want to give more to one child than ...
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Actor Paul Walker of Fast & Furious fame, who died in a car accident in November, left his entire fortune of $25 million to his ...
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A recent appellate court ruling in Florida gives former spouses the legal grounds to take funds from a type of trust that was thought to ...
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