Written by Reed Tinsley |
July 9, 2013
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
About the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
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