Celebrity Estates: Wills of the Rich and Famous
WealthManagement.Com
Welcome to the Celebrity Estates podcast. In this podcast we break down high profile celebrity estate planning cases for advisors and their clients. Most celebrity estate catastrophes are based on the same issues that everyday people face, just with the volume turned up. Our goal is to identify and extract the individual estate planning issues that lie at the heart of each story. We then discuss what advisors should expect and how to avoid common pitfalls.
Episodes
Mentioned books
Nov 30, 2022 • 27min
REPLAY! Celebrity Estates Podcast David Bowie: The Financial Side Of A Music Catalog (Ep. 73)
Named the Greatest Rock Star Ever after his death, David Bowie is a singer, songwriter and actor who left his mark on the world along with a $100 million dollar estate at the time of his death. Recently, his music catalog sold for a reported $250 million, higher than his initial estate value. In this … Read More Read More
Oct 26, 2022 • 28min
Celebrity Estates: Kirk, Michael and Cameron Douglas and the Challenge of Measuring up to Previous Generations (Ep.72)
The Douglas family started their legendary Hollywood career with Kirk Douglas in 1946, who had been a major box office star. Michael Douglas later surpassed his father’s great fame, receiving numerous accolades. However, Cameron Douglas, Michael’s son, struggled to continue the family’s Hollywood legacy. In this episode, David Lenok speaks with Dr. Jamie Weiner, Co-Founder … Read More Read More
Sep 19, 2022 • 30min
Celebrity Estates: Whitney Houston and Adding Age Provisions For Young Beneficiaries (Ep. 71)
Whitney Houston, beloved singer and actress, left her entire estate to her 18-year-old only child Bobby Christina Brown. The wealth transfer was divided into three age-based distributions, with the final transfer scheduled at age 30. However, things got complicated when Brown, too, died at 22 before inheriting her mother’s estate. In this episode, David Lenok … Read More Read More
Aug 22, 2022 • 37min
Celebrity Estates: Freddie Mercury and Financial Planning With An LGBTQ+ Mindset (Ep.70)
Lead vocalist for Queen, Freddie Mercury kept quiet about his love life up until his death in 1991 due to complications from HIV. Since then, LGTBQ+ rights and recognition have led to a more tolerant society, with financial planning following suit. In this episode, David Lenok is joined by Tim Volk, Founder and Managing Director … Read More Read More
Jul 11, 2022 • 26min
69. Vince McMahon Sr. and the Evolution Of Generational Values
Vince McMahon Sr. is best known for founding the company that eventually became World Wrestling Entertainment. In a family business, which the WWE very much is, passing down core values can be a struggle as future generations look to create their own paths. In this episode, David Lenok is joined by Kelley Wolfington, Senior Wealth … Read More Read More
Jun 6, 2022 • 30min
68. Conrad Hilton and Advising First Generation Wealth Creators
Conrad Hilton got his start in hospitality at his family’s general store in the New Mexico Territory. Years later, he established the largest hotel chain in the world, Hilton Hotels. After his death, Conrad left much of his estate to the Conrad Hilton Foundation — until his son decided to contest the will. In this … Read More Read More
Apr 18, 2022 • 39min
67. Russia And Ukraine: The Benefits Of Alternative Citizenship
The war between Russia and Ukraine is upsetting what many thought to be a well-established world order. The ripples of the conflict are being felt thousands of miles away, as the global economy struggles to recalibrate on the fly. The return of war to Europe reinforces the need for clients to have a backup plan … Read More Read More
Apr 4, 2022 • 31min
66. Michael Nesmith, The Monkees and The Legality Of Holographic Wills
Michael Nesmith, songwriter, actor, producer, novelist and member of the popular group The Monkees passed away in December 2021. His will stated he wished to donate his entire estate to his mother’s foundation—however, there was one complication to the legality of the document. Nesmith’s will was hand written. In this episode, David Lenok is joined … Read More Read More
Mar 21, 2022 • 27min
65. David Bowie: The Financial Side Of A Music Catalog
Named the Greatest Rock Star Ever after his death, David Bowie is a singer, songwriter and actor who left his mark on the world along with a $100 million dollar estate at the time of his death. Recently, his music catalog sold for a reported $250 million, higher than his initial estate value. In this … Read More Read More
Mar 7, 2022 • 27min
64. Pat Bowlen: Creating An Estate Plan Before Being Forced Out
Pat Bowlen was an American lawyer and partial owner of the Denver Broncos, along with his two brothers and sister. He served as the Broncos CEO until July 2014, when he stepped down due to progressive effects of Alzheimer’s disease, and passed away in 2019. His estate plan was unique due to the family trust … Read More Read More
