When wrestling legend Hulk Hogan passed away, he left behind more than a fortune; he left a tangled family web.
In this episode, David Lenok talks with Lawrence D. Mandelker, Partner at Venable LLP, to discuss the estate challenges surrounding Hogan’s $25 million legacy.
Together, they explore how blended families, strained relationships, and renounced inheritances highlight the planning pitfalls that advisors see every day. From fairness vs. equality to the tools that can prevent disputes, this episode offers lessons advisors can apply directly with their clients.
Key Points:
- Hulk Hogan’s life, fortune, controversies, and blended family structure
- Estate planning challenges with multiple marriages, stepchildren, and strained relationships
- How advisors can help clients balance fairness vs. equality among heirs
- Discusses tools like trusts, disclaimers, and no-contest clauses to prevent family disputes
- Why proactive conversations and lifetime gifts can reduce surprises and conflicts later
- And more!
Resources:
Connect With David Lenok:
Connect With Lawrence D. Mandelker:
About Our Guest:
Larry Mandelker helps high-net-worth individuals with estate planning by counseling on mutigenerational transfers of assets and business succession planning. Through the use of wills, trusts, and other estate planning instruments, Larry works with his clients to creatively design estate plans that address their unique needs and plan for future contingencies, while also focusing on asset preservation, premarital planning, and estate, gift, and income tax minimization goals. His clients include individuals in many industries, including corporate executives and founders, owners of closely held businesses, real estate owners and developers, financial principals, technopreneurs, entertainers, athletes, and publishers.
