William Holden (1918-1981) – Actor
William Holden was one of the most popular and well known movie stars of all time. His career took off in 1950 when Billy Wilder tapped him to star in Sunset Boulevard, for which Holden earned his first Best Actor Oscar nomination. Following this breakthrough film, he starred in Stalag 17, which he won the Academy Award for Best Actor. In 1974, he starred in the critically acclaimed disaster film The Towering Inferno, which was one of the highest grossing films of Holden’s career. Holden also won a Primetime Emmy Award for Outstanding Lead Actor in a Miniseries or a Movie for his role in the television film The Blue Knight. Yet, despite his success as an actor, consider what happened to his estate.
39% Shrinkage of the Estate
$6,064,731 Gross Estate
$ 322,005 Less Settlement Costs
$2,018,052 Death Taxes
$2,340,057 Total Costs
$3,724,674 Final Estate Value
William Holden was an award winning actor, but even famous actors can fail to properly plan. You decide. Is a 39% 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.