Oscar Winners Teach Five Lessons On Estate Planning
The 2014 Oscars are complete. Trial & Heirs looks back at past Oscar winners like Philip Seymour Hoffman, Elizabeth Taylor, Heath Ledger, Frank Sinatra, and Marlon Brando. Their estates illustrate important estate planning lessons that everyone can benefit from вЂ” even those who arenвЂ™t walking the red carpet at the Oscars. 1. Philip Seymour Hoffman Estate Planning Lesson: You Can Be Creative With Your Will or Trust There were many mistakes and pitfalls with Philip Seymour HoffmanвЂ™s estate (including no estate tax planning and his failure to use a revocable living trust, as we discuss in our article). But, Hoffman вЂ” whose portrayal of Capote earned him the Best Actor Oscar in 2006 вЂ” didnвЂ™t do everything wrong. He gets credit for a key component of estate planning that many people overlook: creativity. Estate planning is not meant to be вЂњfill in the blankвЂќ or вЂњone-size fits all.вЂќ You can use your will or trust to pass along your goals, values and moral beliefs. Most people think wills and trusts Read more... The post Oscar Winners Teach Five Lessons On Estate Planning appeared first on Trial and Heirs Blog .