Dwight D. Eisenhower (1890-1969) – 34TH President of the United States, 1953-1961
Prior to his presidency, Eisenhower was a five-star general in the United States Army during World War II, and served as Supreme Commander of the Allied Forces in Europe. He had the responsibility of planning and supervising the invasion of North Africa in 1942-43, and the successful invasion of France and Germany in 1944-45. In 1951, he became the first supreme commander of NATO. Eisenhower defeated Adlai Stevenson by a landslide in the 1952 presidential race. He was a moderate conservative who continued FDR’s New Deal programs, expanded Social Security, and launched the Interstate Highway System. He sent federal troops to Little Rock, Arkansas to enforce the federal court orders to desegregate public schools, and signed civil rights legislation in 1957 and 1960 to protect the right to vote. Yet, despite his success as the President, consider what happened to his estate.
18% Shrinkage of the Estate
$2,905,857 Gross Estate
$ 121,253 Less Settlement Costs
$ 410,140 Death Taxes
$ 531,393 Total Costs
$2,374,464 Final Estate Value
Eisenhower might have been a great general and the President of the United States, but even great generals and Presidents can fail to properly plan. You decide. Is 18% loss of the Estate good planning by someone with a vast array of professionals available to assist him?
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.