Gandolfini’s Will Leaves Family Exposed to Heavy Estate Taxes – A Lesson for Physicians

I read today in the Accounting Today Newswire that the late actor James Gandolfini’s untimely death last month at the age of 51 has apparently left his family facing a heavy estate tax bill, according to experts. Estate lawyer William Zabel told the New York Daily News that the will Gandolfini left behind is a “disaster” from a tax standpoint, and said that more than $30 million of Galdolfini’s estimated $70 million could be owed to the government.

This is a lesson for any physician with a large estate - failure to prepare a formal estate plan and have your will in proper order will cost your estate and family members dearly.

Click here to read the full article:

http://www.accountingtoday.com/debits_credits/Gandolfini-Will-Leaves-Family-Exposed-Heavy-Estate-Taxes-67362-1.html?ET=webcpa:e7363:127009a:&st=email

 

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About Reed Tinsley, CPA

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Reed Tinsley, CPA