“Death is very often referred to as a good career move.” The source of this disconcerting quote could not have known at the time that he was prophesying his own tragic legacy. Charles Hardin Holley, more famously known as Buddy Holly, was a man remembered for two things. The first was his role as an American Rock and Roll Legend known for pioneering the genre. The second was the way he died. As Don McLean put it, the day Holly met his demise was “the day the music died.” Early … [Read more...]
Famous Estates-Champ or Chump? George H.W. Bush
George H.W. Bush (1924-2018) 41st President of the United States, 1989-1993 Political Life In the words of President Harry Truman and President Ronald Reagan, "There is no limit to the amount of good you can do if you don't care who gets the credit.” President George H.W. Bush embodied these words. In his early life, H.W. became one of the youngest aviators in the Navy, graduated from Yale University, and reached millionaire status all before the age of 40. As the President of the … [Read more...]
Famous Estates – Legacy Champ or Chump?
Robbie Sue Chasen (1946-2010) - Publicist Robbie Sue Chasen, born Veronica Cohen, in Kingston, New York, was raised in both the Riverdale neighborhood of the Bronx and the Washington Heights section of Manhattan. Chasen began her career as a publicist for her brother, film director Larry Cohen, who hired her as a publicist for his 1973 film, Hell Up in Harlem. Chasen represented Michael Douglas, Hans Zimmer, and Mark Isham, among others. Chasen directed the Academy Award campaigns for more … [Read more...]
Famous Estates – Legacy Champ or Chump?
Katharine Hepburn (1907-2003) - Actress Katharine Hepburn was an American actress known for her fierce independence and spirited personality. As a leading lady in Hollywood for more than 60 years she appeared in a range of genres, from screwball comedy to literary drama. Hepburn received four Academy Awards for Best Actress and in 1999 she was named by the American Film Institute as the greatest female star in Hollywood history. Upon her death President George W. Bush said Hepburn “will be … [Read more...]
Famous Estates – Legacy Champ or Chump?
Mary Pickford (1892-1979) - Actress, Producer & Screenwriter Mary Pickford was a Canadian-American motion picture actress, cofounder of the film studio United Artists and one of the original 36 founders of the Academy of Motion Picture Arts and Sciences. Known to many in the U.S. as “America’s Sweetheart” and “Little Mary,” she was one of the Canadian pioneers in early Holly wood and a significant figure in the development of film acting. In consideration of her contributions to American … [Read more...]
Famous Estates – Legacy Champ or Chump?
Philip Seymour Hoffman (1967-2014) - Actor Philip Seymour Hoffman’s death was a tragedy. For his loved ones, the pain resulting from his tragic, sudden death was amplified when his long-term partner and their three children found out what the estate plan entailed. The 46-year-old actor’s estate was reportedly worth $25 million. He and his partner of 15 years, Mimi O’Donnell, had three children together. They never married, and Hoffman last updated his estate plan in 2004. At the … [Read more...]
Famous Estates – Legacy Champ or Chump?
William E. Boeing (1881-1956) - Aviation Pioneer William Boeing was an American aviation pioneer who founded The Boeing Company. In 1916, Boeing co-founded B & W with George Conrad Westervelt. Boeing also founded the Pacific Aero Products Company, which produced the Boeing Model 1 airplane. In 1917,when America entered the First World War, Boeing changed the name of Pacific Aero Products Company to Boeing Airplane Company. The company obtained orders from the United States Navy for 50 … [Read more...]
Famous Estates – Legacy Champ or Chump?
Helen Grace Hunt (1949- ) and Swanee LaKelly Hunt (1950- ) - Philanthropists The Hunt sisters, daughters of Texas oil mogul H.L. Hunt, were born and raised in Dallas, Texas. Swanee Hunt has a BA in philosophy, two master's degrees, and a doctorate in theology. Hunt is also an expert on women in politics, having conducted research, training, and consultations with women leaders in some 60 countries. She is the chair of the Washington-based Institute for Inclusive Security (including … [Read more...]
Erle Stanley Gardner (1889-1970) – Lawyer & Author Erle Gardner was an American lawyer and author of detective stories, like his best-selling Perry Mason series. He attended law school for approximately one month, then settled in California where he became a self-taught attorney and passed the state bar exam in 1911. He opened his own law office in Merced, California, then worked for five years for a sales agency. In 1921, he returned to the practice of law, creating the firm of Sheridan, Orr, Drapeau and Gardner in Ventura, California. Gardner later gave up the practice of law to devote full-time to writing. Even though Gardner gained popularity with his detective series, consider what happened to his estate. 35% Shrinkage of the Estate $1,795,092 Gross Estate $ 636,705 Total Settlement Cost $1,158,387 Final Estate Value Erle Gardner was a famous author, but even well-known authors an fail to properly plan. If you want to minimize your estate planning taxes and/or avoid the probate process, then contact The Mendel Law Firm, L.P. for a free initial consultation on estate planning, trust planning, and/or probate issues.
Philip Berber (1958- ) - Businessman & Philanthropist Philip Berber is an Irish millionaire and philanthropist. Berber attended University College Dublin and graduated with a Business Communication degree. In 1984, he set up a high-tech London-based company, Financia, which was bought in 1991 by Frontier Financial of Houston. Berber set up CyberCorp in 1995, and it was one of the first online trading firms for retail investors. In 2000, he sold the firm to Charles Schwab in 2000 for … [Read more...]
Famous Estates – Legacy Champ or Chump?
John Paul Jones DeJoria (1944- ) - Businessman & Philanthropist John Paul DeJoria is an American billionaire businessman and philanthropist best known as a co-founder of the Paul Mitchell line of hair products and The Patron Spirits Company. After going through a rough adolescence, DeJoria fought to overcome his tribulations. After two years in the Navy, followed by a series of jobs ranging from janitor to insurance salesman, he entered the world of hair care as an employee of Redken … [Read more...]
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