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Hugh Hefner’s Unique Estate Planning Strategy

December 7, 2017

Trust arrangements established by the Playboy founder, Hugh Hefner, may enable his third wife to receive income without technically inheriting anything from the estate. He left behind a major estate valued at more than $40 million and that doesn’t even include the $100 million sale of his Playboy mansion that happened last August. His fortune was left behind to his children, charities and the University of California Film School. In the 1970s, the estate was estimated at upwards of $200 million. put together a trust with a NJ lawyer

The 31-year-old third wife of Hugh Hefner won’t inherit anything from the estate due to a prenuptial agreement that was signed in advance of their marriage in 2012. However, news reports indicate that she will be “looked after”.

He may have used a Q-tip trust in order to accomplish this. He may have also used life insurance in an irrevocable trust. Not enough information is yet known about the estate planning tools that Hefner may have used to pass on things more effectively, but even those who are not uber rich or owners of a $100 million home can benefit from the estate planning services provided by a knowledgeable lawyer.

 


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Recent Posts
Do You Owe The AMT?

American educational reformer Horace Mann called education “the great equalizer.” In football, it’s been said ...

See more
What is the Value of Your Business?

In the second quarter of 2023, more than 2,300 small businesses were sold. The median ...

See more
Immediate vs. Deferred Annuities

Despite not being as well known as some other retirement tools, annuities account for 6.5% ...

See more