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Home » BLOG » Famous Estates – Legacy Champ or Chump

Famous Estates – Legacy Champ or Chump

July 6, 2012 by Stephen A. Mendel, Estate Planning Attorney

Harry S. Truman (1884-1972)  — 33RD President of the United States, 1945-1953.

37% Shrinkage of the Estate

$747,648     Gross Estate 

$  90,986     Less Settlement Costs

$188,666     Less Death Taxes

$279,652     Total Costs

$467,996     Final Estate Value

Truman might have been the President of the United States, but even Presidents can fail to properly plan.  You decide.   Is a 37% 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 a shrinkage of your estate, then please contact The Mendel Law Firm, L.P., for a free initial consultation on estate planning, trust planning, and/or probate issues.

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Stephen A. Mendel, Estate Planning Attorney
Stephen A. Mendel, Estate Planning Attorney
Mr. Stephen Mendel is an attorney who focuses a substantial part of his practice on estate planning. Mr. Mendel’s guiding principle is to provide his clients with quality legal services tailored to each client’s specific needs and goals.
Stephen A. Mendel, Estate Planning Attorney
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Filed Under: Probate, Trusts, Wills and Trusts Tagged With: Estate Planning, Gross estate, probate

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About Stephen A. Mendel, Estate Planning Attorney

Mr. Stephen Mendel is an attorney who focuses a substantial part of his practice on estate planning. Mr. Mendel’s guiding principle is to provide his clients with quality legal services tailored to each client’s specific needs and goals.

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The Mendel Law Firm, L.P.
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