Celebrity Estates: Wills of the Rich and Famous

Many of us remember Chrisptopher Reeves for his unforgettable performance as the first Superman to appear on the big screen in 1978. But a lot of us forget his later years were spent as a parapelegic after a tragic horse accident.  In this episode, David Lenok speaks with Gina Nelson about some of the different … Read More Read More

A trust might make complete sense. But when you add family dynamics to the equation, chaos can ensue.  This is exactly what happened when a millionaire decided to remove two of his biological grandchildren from his multi-million dollar trust plan.  In this episode, David Lenok is joined by returning guest Megan Gorman, a founding partner … Read More Read More

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Barbara Archer, managing director and partner at Hightower. David and Barbara speak about Barbra’s story of researching, purchasing and preserving art that can be shared with the world. Today’s celebrity example begins with Lilly Pulitzer. Lilly quickly grew to fame through her fashion and … Read More Read More

Rick Kahler, president of Kahler Financial Group and expert in financial therapy, joins the discussion on the complex relationship with money, spotlighting Warren Buffett. They explore how childhood beliefs shape our financial decisions through 'money scripts.' Kahler explains how these scripts can become rigid and the challenges clients face in adapting during retirement. He also highlights the role of frugality in wealth accumulation and offers insights on transforming deep-seated money beliefs through awareness and financial therapy.

In this episode, David Lenok, senior editor at WealthManagement.com, is joined by Dan Griffith, senior vice president and director of wealth strategy at Huntington Private Bank. Today’s celebrity example is brought to you by Clare Bronfman. We discuss Clare’s journey into using generational wealth to fund a company with negative ties. We use this infamous … Read More Read More

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Rob Wermuth, senior partner and Kevin Donohue, partner at the Pennsylvania-based firm Legacy Planning about the intricacies of estate planning.  Today’s celebrity estate example is brought to us by Playboy Magazine founder and figurehead Hugh Hefner. Through the use of trusts, prenups and taking … Read More Read More

In this engaging discussion, Alex Weingarten, a commercial trial lawyer at Venable LLP, dives into the complexities of Aretha Franklin's estate saga. He highlights how the discovery of her handwritten wills led to significant disputes. Alex shares critical lessons on the necessity of a clear estate plan and the importance of communication among family members to prevent postmortem surprises. He also emphasizes addressing sentimental items proactively and the emotional toll of estate litigation, urging families to approach these discussions as opportunities for bonding.

David Lenok, senior editor at WealthManagement.com, is joined by Jeff Fishman, founder and managing member of JSF Financial, a financial firm that specializes in working with high profile clients and those in the entertainment industry. Unlike our other episodes focusing on the estates of celebrities who have passed, this episode is all about advising those … Read More Read More

In this episode, David Lenok, senior editor at WealthManagement.com, speaks with returning guest Megan Gorman of Chequers Financial Management about the issues surrounding the celebrity estate of none other than legendary talk show host Larry King.  There was an estate plan, multiple children from multiple marriages, a holographic will written after filing for divorce, and … Read More Read More

In this engaging discussion, Damien Martin, a tax partner at BKD CPAs and Advisors, shares insights on managing wealth and estate planning. He breaks down the life of rock legend Chuck Berry, who left a $50 million estate at his passing. Damien highlights the importance of being intentional about retirement planning and the importance of collaborative communication among financial advisors. He also addresses common pitfalls in estate planning, like client avoidance, and stresses the significance of proactive collaboration to ensure a successful legacy.