Marilyn Monroe (1926-1962) – Actress
Monroe began her career as a model, which led to a film contract in 1946 with Twentieth Century-Fox. Her early film appearances were minor, but her performances in The Asphalt Jungle and All About Eve, drew attention to her. By 1953, Monroe had progressed to a leading role in Niagara that dwelt on her seductiveness. Her “dumb blonde” persona was used to comic effect in subsequent films such as Gentlemen Prefer Blondes (1953), How to Marry a Millionaire (1953) and The Seven Year Itch (1955). She received a Golden Globe Award for her performance in Some Like It Hot (1959). Yet, despite her success as an actress, consider what happened to her estate. 21% Shrinkage of the Estate $819,176 Gross Estate $20,000 Less Settlement Costs $154,384 Death Taxes $174,384 Total Costs $644,792 Final Estate Value Marilyn Monroe was an award winning actress, but even famous actresses can fail to properly plan. You decide. Is a 21% loss of the Estate good planning by someone with a vast array of professionals available to assist her? If you want to minimize the likelihood of shrinkage to your estate, then contact The Mendel Law Firm, L.P., for a free initial consultation on estate planning, trust planning, and/or probate issues.