Shows
Celebrity Estates: Wills of the Rich and FamousCelebrity Estates: Philanthropy, Legacy and Family Wealth with Philip RichterLegacy is often shaped less by what is given and more by how values are shared across generations.
In this episode of Celebrity Estates, wealth manager Philip Richter joins the show to explore philanthropy as a core part of estate planning and family decision-making. The conversation examines The Giving Pledge and how charitable intent, when left informal or unspoken, can lead to confusion, missed opportunities and misalignment among heirs.
Philip explains why separating legacy from inheritance helps families focus on purpose rather than dollar amounts. He also shares how donor-advised funds, private foundations and charitable...
2025-12-2230 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: When Inheritance Hurts More Than It Helps with Don D. Ford IIIMoney passed down with good intentions can still create conflict, confusion and long-lasting family tension.
In this episode of Celebrity Estates, estate planning attorney Don D. Ford III joins the show to examine why more high-net-worth families are choosing to limit inheritances, not out of neglect, but out of concern for the long-term health of their family relationships. The discussion centers on how silence, assumptions and sudden wealth transfers can trigger conflict.
Don shares how unequal planning, lack of preparation and delayed conversations frequently lead to disputes between siblings. He also shares real examples showing...
2025-12-1636 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: The Estate Lessons Behind Jean-Michel Basquiat with Doug WoodhamStories about legacy often reveal more than the moments that made someone known.
In this episode of Celebrity Estates, author and advisor Doug Woodham joins the show to explore how Jean-Michel Basquiat’s unexpected passing set off a chain of estate challenges tied to illiquid assets, sudden value changes and family decisions.
Doug explains how the absence of a will, a large collection of artwork and a fast-rising market created valuation hurdles, tax pressure and liquidity strain. He also shares how disputes, incomplete records and shifting asset values shaped the long-term direction of the estate.
...
2025-11-2633 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: The Lessons Behind Gene Hackman’s Estate with Victoria GrayOn this episode of the Celebrity Estates podcast, Victoria Gray, founder and principal of Insight Art & Collectibles Advisory, once again joins WealthManagement.com Senior Editor David Lenok to examine the tragic and complex estate of actor Gene Hackman, a case where timing, trust gaps and estranged heirs collided.
From an $80 million fortune and a decades-old will to simultaneous death rules and charitable trusts, Victoria unpacks how not regularly updating the estate plan shaped the outcome. Drawing on her years advising fiduciaries and families, she explains why ongoing estate reviews, succession planning and clear documentation are critical to...
2025-11-1029 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: The John Amos Estate Dispute with Michael NapoleoneFamily drama doesn’t end when the spotlight fades.
On this episode of the Celebrity Estates podcast, litigator Michael Napoleone joins Wealthmanagement.com Senior Editor David Lenok to unpack the bitter dispute over actor John Amos’s estate, and what it reveals about aging, trust and family dynamics.
From allegations of elder abuse and undue influence to sibling rivalries turned legal battles, Michael shares what really happens when communication and transparency break down. Drawing on years in the courtroom, he explains why longer lifespans, cognitive decline and blended families are fueling a rise in inheritance disp...
2025-10-2722 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Updating Estate Plans Through Life’s MilestonesLife changes, and your estate plan should change with it. Attorney Matthew Erskine joins the Celebrity Estates podcast to explain why estate planning is never a “set it and forget it” process, but a lifelong practice that evolves alongside major milestones.
Matthew walks through key life events from marriage and divorce to relocation and retirement and shares how each can reshape a client’s estate strategy. Drawing from years of experience, he highlights how small updates, communication and awareness of changes in the law can prevent major family disputes.
Join Senior Editor David Lenok and Matthe...
2025-10-2034 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Giorgio Armani’s $12B Legacy and Succession PlanGiorgio Armani left behind more than fashion when he passed away at 91. His $12 billion empire, absence of direct heirs and a carefully crafted foundation raise essential estate planning lessons that extend beyond celebrity headlines.
Kevin Ghassomian, partner at Venable LLP, explains how Armani separated wealth from control, empowered trusted collaborators, and institutionalized his brand to ensure continuity. He emphasizes the importance of early planning, communication and mission-driven structures in preserving wealth and vision.
Join WealthManagement.com Senior Editor David Lenok and Kevin for a compelling discussion on the lasting lessons Armani’s estate provides for fa...
2025-09-2924 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Legacy Lessons from Ozzy OsbourneOzzy Osbourne left behind more than music when he passed away at 76. His $250 million fortune, blended family and valuable music royalties raise pressing estate planning questions that extend far beyond celebrity headlines.
Tasha Dickinson, partner at Day Pitney LLP, shares how advisors can address family conflict, use independent fiduciaries and manage complex assets like royalties. She highlights the crucial role of communication and expectation-setting in preventing disputes.
Join WealthManagement.com Senior Editor David Lenok and Tasha for a compelling conversation on the lessons Ozzy’s estate offers for families and advisors alike.
Tasha di...
2025-09-2235 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Blended Families, Disclaimers, and Hulk Hogan’s $25 Million EstateWhen wrestling legend Hulk Hogan passed away, he left behind more than a fortune; he left a tangled family web.
In this episode, David Lenok talks with Lawrence D. Mandelker, Partner at Venable LLP, to discuss the estate challenges surrounding Hogan’s $25 million legacy.
Together, they explore how blended families, strained relationships, and renounced inheritances highlight the planning pitfalls that advisors see every day. From fairness vs. equality to the tools that can prevent disputes, this episode offers lessons advisors can apply directly with their clients.
Key Points:
Hulk Hogan’s life, fortu...
2025-08-2727 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: George Foreman and Legacy PlanningIn this episode of Celebrity Estates, host David Lenok welcomes Ian Freeman, founder of The Freeman Group and a Northwestern Mutual Wealth Management Advisor, for a conversation inspired by the estate of legendary boxer and entrepreneur George Foreman.
From naming all five of his sons “George Edward Foreman” to building a $300 million fortune, David and Ian explore how identity, family dynamics and unspoken expectations shape legacy. Ian offers practical insight into the emotional side of wealth transfer and how advisors can foster deeper, more meaningful planning conversations.
Ian discusses:
George Foreman’s estate strategy and the...
2025-08-1134 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Lessons from Leonard Lauder’s Art Legacy with Oliver PurscheIn this episode of Celebrity Estates, host David Lenok welcomes Oliver Pursche, senior vice president at Wealthspire Advisors, for a deep dive into the estate complexities surrounding Leonard Lauder’s famed art collection. From cubist masterpieces to staggering valuations, they explore how collectibles impact balance sheets, spark family conflict and raise nuanced estate planning questions.
Here’s what to expect from this episode:
The emotional psychology behind collecting and why it matters to advisors
How valuation types (fair market vs. insurance vs. resale) shape tax and succession planning
What advisors must know about collaborating with clients’ outsid...
2025-07-2834 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: The Art of Celebrity Auctions with Victoria GrayVictoria Gray, deputy chairman of Bonhams North America, has spent decades curating and managing some of the most iconic celebrity estate auctions. From U.S. Sen. Dianne Feinstein’s six homes to Supreme Court Justice Ruth Bader Ginsburg’s salt and pepper shakers, she reveals how intimate artifacts transform into coveted treasures worth thousands.
With a blend of art, emotion, and strategy, Victoria shares how storytelling and authenticity drive the value of these items, offering a rare glimpse into the private lives of public figures and the meticulous process of estate auctions.
Join WealthManagement.com Seni...
2025-06-2338 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: First-Generation Wealth with George StefanouLeon Spinks shocked the world in 1978 when, in just his eighth professional fight, he defeated Muhammad Ali to become the undisputed heavyweight champion, a victory still regarded as one of boxing’s greatest upsets. Yet, despite his early success and multimillion-dollar earnings, financial missteps and the long-term effects of brain injuries would take a heavy toll.
At his lowest point, Spinks worked as a janitor and fast-food worker in Nebraska. But with the unwavering support of his wife Brenda, he eventually found peace and stability in Las Vegas, where he remained a cherished figure in the boxing co...
2025-05-2726 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: How Bob Marley’s Estate Took 30 Years to SettleWhen Bob Marley passed away in 1981, he left behind a musical legacy, but no estate plan. Due to his religious beliefs, Marley didn’t create a will, and what followed was a legal firestorm: forged documents, disputed signatures and a tangled web of allegations involving his wife, attorney and accountant.
In this episode, David Lenok is joined by Noah Rosenfarb, CPA, founder of Wealthrive, to explore what happens when traditional estate planning tools, like wills, are off the table. Noah discusses:
The vital differences between wills and trusts
Strategies like the Spousal Lifetime Access Trust
Navigating esta...
2025-04-2831 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Gene Hackman and Estate Planning While in Cognitive DeclineAfter four decades of acting and winning multiple awards, Gene Hackman was found dead in his home at the age of 95, along with his wife and primary caretaker, Betsy Arakawa. Forensics uncovered that his wife predeceased him, leaving him to struggle with Alzheimer’s alone before passing away one week later.
Join WealthManagement.com Senior Editor David Lenok, and Jackie Bevilaqua a partner at Warshaw Burstein, as they delve into the tragic and unexpected circumstances of Hackman’s final days, exploring pressing questions about elder care, cognitive decline and how to safeguard clients against unforeseen complications.
Th...
2025-03-3123 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Jim Thorpe, Native Americans, and the Land Back MovementJim Thorpe, revered as one of the greatest athletes in American history, exemplifies how personal wishes and legal rights can conflict posthumously. Thorpe’s estranged third wife, Patricia, moved his remains to a town in Pennsylvania, which now bears his name, in a bid to create a tourist attraction, a decision contested by his sons under the Native American Graves Protection and Repatriation Act of 1990.
David Lenok speaks with Alma Soongi Beck and Professor Jo Carillo about the multifaceted legal landscape surrounding estates involving Native Americans, focusing on Jim Thorpe’s controversial burial. They explore the nuanced issu...
2024-12-1641 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: John Amos and Warning Signs of Elder Abuse in Estate PlanningJohn Amos, an actor who starred in such television shows as Good Times, The Mary Tyler Moore Show and The West Wing, is believed to have died from congestive heart failure, but his only daughter Shannon has doubts. She has accused her brother of elder abuse, including isolating Amos from others, impersonating him in communications and disregarding his medical needs.
Join David Lenok as he speaks with Neil Solarz, shareholder and director at Winestock Manion, about estate planning, wealth transfer and trust administration. With over 30 years of experience and a deep commitment to his clients, Neil sheds...
2024-11-2524 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Shannen Doherty and The Importance of Timely PlanningShannen Doherty, a beloved actress, was diagnosed with stage three breast cancer, tragically caught too late for treatment. The day before her passing on July 13, 2024, she finalized her divorce from Kurt Iswarienko, ensuring her assets would be passed to her chosen beneficiaries.
In this episode, David Lenok and guest Shawn Goheen stress the importance of proactive estate planning. They discuss:
The critical timing of Shannen Doherty’s divorce, enabling her to secure her assets for her intended heirs;
Essential strategies for advisors to promote early, comprehensive estate planning;
The vital role of life insurance in safeguarding a...
2024-10-0725 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Simon Cowell and Disinheritance in Estate PlanningSimon Cowell, reality star and record producer, has an estimated net value worth of $600 million. How much of that will be left for his son? According to him, nothing.
Listen in as host David Lenok is joined by Thomas Kopelman, head of community at Estate Planning platform wealth.com and co-founder of All Street Wealth. Together, they discuss how Simon plans to handle his $600 million estate and the broader implications of disinheriting heirs.
Cast your vote toward Simon’s decision as David and Thomas highlight:
The rationale behind Simon’s motives for his estate plans...
2024-07-2226 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: The Gilded Age and Psychological Implications of Inherited WealthEven celebrities aren’t free of the pitfalls of poor estate and legacy planning. With their lives and finances often in the spotlight, it can be easy to see where they fall short and how to avoid those same problems if you know where to look.
Join David Lenok and his guest, psychologist and economist Eric Schoenberg, as they discuss the psychological implications of inherited wealth and how economic principles might not always align with personal happiness. This enlightening discussion sheds light on common pitfalls in estate planning and offers valuable lessons that can be applied beyond th...
2024-05-2044 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Steve Lockshin on Len Bias and NIL Deals in Estate PlanningLen Bias was a star basketball player at the University of Maryland drafted by the Boston Celtics in 1986 and one step away from becoming a pro athlete. Unfortunately, he passed away just two days after being selected but before signing any MBS or sponsorship documents, leaving him and his family just out of reach of the riches he would have gotten due to the timing of his death.
With host David Lenok and special guest Steve Lockshin, founder of AdvicePeriod and a co-founder of Vanilla, an estate planning advisory platform, they unravel the nuances surrounding Name, Image...
2024-04-2926 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: The National Football League and Lessons on Family Dynamics and GovernanceA close-knit network of family businesses, the NFL earns around $200 billion annually. On top of traditional family business within their individual branches, the NFL navigates those same financial planning connections between extended family members as well.
Join David Lenok and his guest Alvina Lo, chief wealth strategist at Wilmington Trust, as they delve into the complexities of the NFL as a family business, discussing succession planning, liquidity concerns, trust ownership, and potential private equity involvement.
David and Alvina discuss:
What are the common challenges encountered with liquidity and succession planning in family-owned businesses
How d...
2024-03-2538 minCelebrity Estates: Wills of the Rich and FamousREPLAY! Celebrity Estates: King Charles III and How International Heirs Impact Tax PlanningWhen King Charles III was crowned, he had lived a life full of experiences at the age of 74. His heirs equally have lived their lives and made their own decisions, including his son Harry who has taken up residence in the US.
This decision will impact how Harry’s inheritance will be taxed after his father passes.
In this episode, David Lenok is joined by David Lesperance, of Lesperance and Associates, and Melvin Warshaw, a tax and private client lawyer, in exploring how estate plans work when there are international heirs involved.
Lesperance an...
2024-02-2653 minCelebrity Estates: Wills of the Rich and FamousREPLAY! Celebrity Estates: Julia Fox and Why Millenials Focus Less on Material WealthUncut Gems star Julia Fox recently went viral for posting a TikTok video showcasing her home, which was modest compared to the extravagant wealth you expect from someone wealthy and famous. Today, many millennials are shifting away from buying luxury homes.
In this episode, David Lenok speaks with Kelley Wolfington, Senior Wealth Strategist at SEI Private Wealth Management, on why the housing trend for high-net-worth individuals is shifting and how it reflects the current values passed on to the next generation.
Kelley discusses:
Why the current generation believes in a values-driven spending;
How wealthy...
2023-12-1828 min
WealthManagement EDGEWealthManagement EDGE Podcast: Unleashing the Power of Generative AI with Cory McCrudenErnst & Young’s Cory McCruden shares how generative AI is revolutionizing the financial advisory industry.
In this episode of the WealthManagement EDGE Podcast, Informa Wealth Management’s Nabia Jenkins-Johnston talks with Cory McCruden, managing director of wealth and asset management at Ernst & Young, about the transformative potential of generative AI. From content creation to real-time insights for advisors, Gen AI is reshaping the financial landscape and it has become crucial for advisory firms to keep up with changing technology.
Specifically, Nabia and Cory discuss:
How content generation is revolutionizing the way advisors create custom, comp...
2023-12-0736 minWealthManagement EDGEWealthManagement EDGE Podcast: Toussaint Bailey on Unlocking Profit in Impactful Wealth ManagementTurning visions of impact investing into actionable and profitable solutions.
In this episode of the WealthManagement EDGE Podcast, Informa Wealth Management’s Nabia Jenkins-Johnston talks with Toussaint Bailey, founder and CEO of Uplifting Capital, on why he chose his career path, moving from lawyer to investment firm executive. From books to conversations, Toussaint researched the issues and causes near to his heart and brought them into focus within the wealth management industry.
Specifically, Nabia and Toussaint discuss how:
Impact investing can align with capitalism, providing market-rate returns while addressing global chal...
2023-11-0928 minWealthManagement EDGEWealthManagement EDGE Podcast: Jamie Hopkins on Transitions, Coaching Success and Lifelong LearningCareer shifts and mentorships keep Jamie Hopkins facing forward.
In this episode of the WealthManagement EDGE Podcast, Informa Wealth Management’s Nabia Jenkins-Johnston asks Jamie Hopkins about his recent transition from his role at Carson Group, a role he cherished, to SVP and director of private wealth management at Bryn Mawr Trust. They also discuss what it means to provide a community of support and mentorship to young professionals through the FinServ Foundation.
Specifically, Nabia and Jamie discuss:
Jamie’s career transition insights and embracing new challenges in finance
Impactful success stories from Carson Grou...
2023-11-0231 minWealthManagement EDGEWealthManagement EDGE Podcast: Breaking Conventions for Inclusive Equity with Dana WilsonFrom finance to fintech disruption, CHIP founder Dana Wilson redefines fear and empowers change.
In this episode of the WealthManagement EDGE Podcast, Informa Wealth Management’s Nabia Jenkins-Johnston talks with Dana L. Wilson, CEO and founder of CHIP (Changing How Individuals Prosper). Dana’s journey from banking to fintech innovation is a remarkable one. With awards for diversity and inclusion, as well as thought leadership, she’s been recognized as a “One To Watch” in Fintech by Money 20/20. Known as the mastermind behind “Dana Disrupts” (@DanaDisrupts), she offers unique insights into reshaping the financial sector to be more inclusive...
2023-10-1928 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Bob Barker and Leaving a Charitable LegacyBob Barker is best known as the beloved host of The Price Is Right, the longest-running game show in American television history.
Barker sadly passed away in August 2023. The majority of his estate was donated to forty different animal and military charities, which was no surprise, given his life as a vegetarian and an outspoken animal rights advocate.
In this episode, David Lenok speaks with David Handler, a partner at Kirkland & Ellis, about adding charitable giving to legacy plans and what should be considered when choosing how to donate. They explore how charitable donations impact...
2023-10-1625 minWealthManagement EDGEWealthManagement EDGE Podcast: Casting a Bold and Impactful Vision with Aisha HuntIn this next episode of the WealthManagement EDGE Podcast, Nabia Jenkins-Johnston, senior conference producer at WealthManagement.com and Aisha Hunt, founder of law firm Kelley Hunt & Charles, talk about legal changes in the way we do business, gaining a perspective on diversity and inclusion, and emphasizing the need to create an inclusive, mutually beneficial financial landscape.
Aisha brings over two decades of experience in her role as principal of KHC, a majority women- and minority-owned law firm that specializes in helping asset managers bring legal and business aspects together. Here, she discusses the firm’s invol...
2023-10-1224 minWealthManagement EDGEWealthManagement EDGE Podcast: Retirement, Annuities, and Regulation UnveiledProtecting the average retiree in a confusing landscape of investment planning vs. financial planning.
In this episode of the WealthManagement EDGE Podcast Nabia Jenkins-Johnston, senior conference producer at WealthManagement.com and Michelle Richter-Gordon, co-founder, Annuity Research and Consulting, explore fiduciary roles and regulatory definitions in the financial world. They unveil the impact of misaligned titles, where financial and investment advisors differ, and the necessity for wealth management.
Specifically, they cover:
Fiduciary roles in financial management
Differences between financial and investment advisors
The importance of wealth management
The significance of insurance and annuities in retirement pla...
2023-10-0529 minWealthManagement EDGEWealth Management EDGE Podcast: Marguerita Cheng’s Journey: Thriving as a Financial AdvisorReaching career heights and client goals on the road to success.
In this episode of WealthManagement Edge, special guest host Nabia Jenkins-Johnston talks one-on-one with Marguerita Cheng, CEO of Blue Ocean Global Wealth, about her path to success as a financial planner. Marguerita shares her insights on establishing trust, the power of authenticity, and her inclusive approach to working with clients from diverse backgrounds and multiple generations.
Specifically, Nabia and Marguerita discuss:
Building credibility before entering the financial planning profession.
The importance of authenticity and Inclusivity in creating judgment-free spaces for clients to openly...
2023-09-1430 minWealthManagement EDGEWealth Management EDGE Podcast: LPL Financial’s Marc Cohen on Unlocking Growth in Wealth ManagementWhat will be the winning strategies behind growth and success in the future of wealth management?
In this episode of the Wealth Management Edge podcast, Mark Bruno, managing director of the wealth management group at Informa talks with Marc Cohen, executive vice president at LPL Financial about the future of wealth management, mergers and acquisitions, and effective technology and workflow management will drive a new wave of growth in the advice industry.
Specifically, Mark and Marc discuss:
How specific technology utilization, time management, and diverse team collaboration can create capacity and leverage to add mo...
2023-09-0734 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Celebrity Tax Planning Adventures with Jim Henson and Michael JacksonThe entertainment industry is a world of buying, selling and competing for the right to use certain intellectual property and work in specific places. Managing the money, and more importantly, the tax implications requires a deft hand.
In this episode, David Lenok speaks with Charles Lubar, retired Senior Counsel from McDermott Will & Emery, about his experience working with celebrity clientele and how he helped people like Jim Henson and Michael Jackson navigate tax strategies for their projects.
Chuck discusses:
How tax law impacts entertainment celebrities;
Examples of complexities in dealing with tax implications of...
2023-07-2439 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: King Charles III and How International Heirs Impact Tax PlanningWhen King Charles III was crowned, he had lived a life full of experiences at the age of 74. His heirs equally have lived their lives and made their own decisions, including his son Harry who has taken up residence in the US.
This decision will impact how Harry’s inheritance will be taxed after his father passes.
In this episode, David Lenok is joined by David Lesperance, of Lesperance and Associates, and Melvin Warshaw, a tax and private client lawyer, in exploring how estate plans work when there are international heirs involved.
Lesperance an...
2023-06-2600 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Kylie Jenner and Succession Planning for Business OwnersKylie Jenner has been an influential figure since 2010 as a model, business owner and social media personality. The majority of her wealth comes from the sale of 51% of her cosmetics company for an estimated $600 million.
In this episode, David Lenok speaks with Brad Franc, Director of Business Law at Houston Harbaugh and author of The Succession Solution, about succession planning for business owners and the next step after leaving the company.
Brad discusses:
The first steps in building a succession plan;
How the core values of a business owner impact the foundation of succession...
2023-05-1532 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Lisa Marie Presley and Estate LitigationLisa Marie Presley was only 9 years old when her father, Elvis Presley, died and she gained control of his whole estate at the age of 25. When she passed in 2023, her mother, Pricilla Presley, challenged the legitimacy of Lisa Marie’s daughters being named trustees of the trust containing the assets in Lisa Marie’s estate.
In this episode, David Lenok talks to Brian Dillon, partner at Lathrop GPM, about the problems that arise when estate documents are suspicious or improperly filed and how those problems impact the legal process of handling an estate.
Brian discusses:
...
2023-04-1735 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Julia Fox and Why Millennials Focus Less on Material WealthSummary:
Uncut Gems star Julia Fox recently went viral for posting a TikTok video showcasing her home, which was modest compared to the extravagant wealth you expect from someone wealthy and famous. Today, many millennials are shifting away from buying luxury homes.
In this episode, David Lenok speaks with Kelley Wolfington, Senior Wealth Strategist at SEI Private Wealth Management, on why the housing trend for high-net-worth individuals is shifting and how it reflects the current values passed on to the next generation.
Kelley discusses:
Why the current generation believes in...
2023-03-1328 minCelebrity Estates: Wills of the Rich and FamousCelebrity Estates: Succession Planning Lessons From The British Royal FamilyThe Windsors maintain a rigid estate and succession plan that’s been (in some cases, quite literally) written in stone for hundreds of years. With the recent passing of Queen Elizabeth II, it’s an opportune time to ask: What can planners learn from such an impossibly rigid, yet simultaneously extremely transparent ‘plan’?
In this episode, David Lenok is joined by Tim Volk, Founder and Managing Director of T. Volk and Company, in discussing the repercussions of such a plan, including the importance of considering the age of the ‘next generation’ in light of ever-increasing longevity and the importan...
2023-02-1338 minCelebrity Estates: Wills of the Rich and FamousEp 60 – Audrey Hepburn: When Secrets Destroy A FamilyEncore Presentation
David Lenok, senior editor at WealthManagement.com, is joined by Dr. Denise Federer, speaker, consultant, coach, psychologist, author, and founder of the Federer Performance Management Group (FPMG) as they discuss the impact of families not having those difficult conversations about their money and wealth.
This episode focuses on an icon from Hollywood’s Golden Age, the legendary Audrey Hepburn. When Audrey passed in 1993, she left behind 2 sons – step brothers. As part of the estate, the two step brothers were to equally split the contents of a storage locker filled with old Hollywood memorabilia. The fe...
2022-01-0329 minCelebrity Estates: Wills of the Rich and FamousEp 59 – Philip Seymour Hoffman – Don’t Delay When It Comes To Your Estate Plan – With Megan GormanIn this episode’s encore presentation, David Lenok, senior editor at WealthManagement.com, is joined once again by Megan Gorman, founding partner of Chequers Financial Management.
Today’s celebrity example is Philip Seymour Hoffman, American actor, director and producer, and father of three children with longtime girlfriend, Mimi.
At the time of his death, Philip Seymour Hoffman’s only estate documentation was a will drafted by his real estate lawyer/CPA (not someone specializing in estate planning) and it mentions a trust set up for his eldest son. Insistent that his children were not to become...
2021-12-2030 minCelebrity Estates: Wills of the Rich and FamousEp 54 – James Brown: Philanthropy After Death With Robert StraussIn this episode, David Lenok, senior editor at WealthManagement.com, is joined by Robert Strauss, shareholder and director of Weinstock Manion, specializing in guiding high net worth families, business owners, and real estate developers through the complex process of estate and wealth transfer planning.
Today’s celebrity example is the estate of legendary musician and American icon James Brown, including the fifteen years it took to settle his relatively simple estate. David and Robert discuss how charitable giving can help you avoid drawn out settlements after your death.
David and Robert discuss:
The importance of...
2021-10-1130 minCelebrity Estates: Wills of the Rich and FamousEp 53 – The Information About Special Needs Trusts Everyone Needs To Hear With Gina NelsonMany of us remember Chrisptopher Reeves for his unforgettable performance as the first Superman to appear on the big screen in 1978. But a lot of us forget his later years were spent as a parapelegic after a tragic horse accident.
In this episode, David Lenok speaks with Gina Nelson about some of the different planning you can do to prepare if you or a loved one should become disabled, and what you can do today to set them up for after you’re gone.
Gina discusses:
The Christopher and Dana Reeves Foundation and how it’s...
2021-08-3023 minCelebrity Estates: Wills of the Rich and FamousEp 52 – Peter Bing: How Incorrect Terminology in an Estate Plan Can Cause Total Chaos With Megan GormanA trust might make complete sense. But when you add family dynamics to the equation, chaos can ensue.
This is exactly what happened when a millionaire decided to remove two of his biological grandchildren from his multi-million dollar trust plan.
In this episode, David Lenok is joined by returning guest Megan Gorman, a founding partner of Chequers Financial Management, to talk about the recent estate case concerning multi-millionaire Peter Bing disinheriting two grandchildren, Damien Hurley and Kira Bonder, and leaving them with nothing.
David and Megan discusses:
How this level of miscommunication can...
2021-08-0926 minCelebrity Estates: Wills of the Rich and FamousEp 51 – Preserving Your Inherited Collectibles with Barbara ArcherIn this episode, David Lenok, senior editor at WealthManagement.com, speaks with Barbara Archer, managing director and partner at Hightower. David and Barbara speak about Barbra’s story of researching, purchasing and preserving art that can be shared with the world.
Today’s celebrity example begins with Lilly Pulitzer. Lilly quickly grew to fame through her fashion and bright coloured designs. But, an individual so often forgotten in Lilly’s story is Suzie Zuzek. Suzie, the artist behind the designs was once never recognized, but that has recently changed. Our guest shares the story of finding Suzie’s design...
2021-06-2825 minCelebrity Estates: Wills of the Rich and FamousEp 50 – Warren Buffett – What Is Your Subconscious Relationship With Money? With Rick KahlerIn this episode, David Lenok, senior editor at WealthManagement.com, sits down with Rick Kahler, president of Kahler Financial Group, as they dive into the subconscious mind around money.
Today’s celebrity example is Warren Buffett and his interesting relationship with money. Buffett, once the most wealthy man in the world, now sits in 7th place. It was Buffett’s relationship with money that got him here – the idea that the wealthy have the duty to help fix the ills of society. We use Buffett to understand the common money scripts and how advisors should be identifying them w...
2021-06-0728 minCelebrity Estates: Wills of the Rich and FamousEp 49 – Clare Bronfman: Building Generational Wealth that Matters With Dan GriffithIn this episode, David Lenok, senior editor at WealthManagement.com, is joined by Dan Griffith, senior vice president and director of wealth strategy at Huntington Private Bank.
Today’s celebrity example is brought to you by Clare Bronfman. We discuss Clare’s journey into using generational wealth to fund a company with negative ties. We use this infamous case to dissect how financial advisors can assist clients in building generational wealth that matters.
Dan discusses:
Why educating the next generation about money is imperative
Strategies that can be used to put money into the hand...
2021-05-2436 minCelebrity Estates: Wills of the Rich and FamousEp 48 – Hugh Hefner: Plan it and Communicate it –– With Robert Wermuth and Kevin DonohueIn this episode, David Lenok, senior editor at WealthManagement.com, speaks with Rob Wermuth, senior partner and Kevin Donohue, partner at the Pennsylvania-based firm Legacy Planning about the intricacies of estate planning.
Today’s celebrity estate example is brought to us by Playboy Magazine founder and figurehead Hugh Hefner. Through the use of trusts, prenups and taking care of business deals during his life, Hefner left his family and his legacy in a very good place to move on from following his death.
You will learn:
How advisors can help clients take advantage of est...
2021-04-2626 minCelebrity Estates: Wills of the Rich and FamousEp 47 – Aretha Franklin: Loose Ends Can Unravel Your Estate –– With Alex WeingartenIn this episode, David Lenok, senior editor at WealthManagement.com, is joined by Alex Weingarten, partner at Venable LLP, where he is a commercial trial lawyer who represents clients in all facets of entertainment, probate and business litigation.
Today’s celebrity example is Aretha Franklin; we discussed her estate in episode 8 and at that time it was believed that she had left no will, therefore leaving her estate to be divided equally amongst her children. Since then, new developments have surfaced. While cleaning out Franklin’s home, they have found four separate wills, three handwritten and one type...
2021-04-1232 minCelebrity Estates: Wills of the Rich and FamousEp 46 – Advising Entertainment Industry ClientsDavid Lenok, senior editor at WealthManagement.com, is joined by Jeff Fishman, founder and managing member of JSF Financial, a financial firm that specializes in working with high profile clients and those in the entertainment industry.
Unlike our other episodes focusing on the estates of celebrities who have passed, this episode is all about advising those who are still living, and working to manage their estates. David and Jeff talk about how having a career with unstable income flows can be tricky to navigate and plan for.
You will learn:
How and why someone...
2021-03-2223 minCelebrity Estates: Wills of the Rich and FamousEp 45 – Larry King: Get Your Financial House In Order –– With Megan GormanIn this episode, David Lenok, senior editor at WealthManagement.com, speaks with returning guest Megan Gorman of Chequers Financial Management about the issues surrounding the celebrity estate of none other than legendary talk show host Larry King.
There was an estate plan, multiple children from multiple marriages, a holographic will written after filing for divorce, and then Larry’s untimely death due to COVID-19 in 2021. David and Megan could talk for days about this celebrity estate. Listen in while they try to sort through this currently active family-court fight.
In this episode, you will learn:
...
2021-03-0830 minCelebrity Estates: Wills of the Rich and FamousEp 44 – Chuck Berry: Be Intentional When It Comes To Taxes – with guest Damien MartinToday, David Lenok, senior editor at WealthManagement.com, is joined by Damien Martin, tax partner at BKD CPAs and Advisors.
This episode focuses on the father of rock ‘n roll, Chuck Berry, the legendary musician who worked up into his 80’s, amassing a sizable estate upon his death in 2017 at the age of 90, despite his conviction of tax evasion in 1979. Berry was convicted of $110,000 in back taxes, and was sentenced to serve 4 months in jail and 1000 hours of community service.
David and Damien delve deep into the reality of taxes and why communication and planning are th...
2021-02-2227 minCelebrity Estates: Wills of the Rich and FamousEp 43 – Audrey Hepburn: When Secrets Destroy A Family–– With Dr. Denise FedererDavid Lenok, senior editor at WealthManagement.com, is joined by Dr. Denise Federer, speaker, consultant, coach, psychologist, author, and founder of the Federer Performance Management Group (FPMG) as they discuss the impact of families not having those difficult conversations about their money and wealth.
This episode focuses on an icon from Hollywood’s Golden Age, the legendary Audrey Hepburn. When Audrey passed in 1993, she left behind 2 sons – step brothers. As part of the estate, the two step brothers were to equally split the contents of a storage locker filled with old Hollywood memorabilia. The feud over the items...
2021-02-0129 minCelebrity Estates: Wills of the Rich and FamousEp 42 – Jack Cassidy: Loose Ends Can Unravel Your Estate –– With Christopher MelcherIn this episode, David Lenok, senior editor at WealthManagement.com, is joined by Christopher Melcher, partner at Walzer Melcher LLP where they focus on complex family law litigation and premarital agreements of high net worth individuals.
Today’s celebrity example is Jack Cassidy; an American actor and singer known for his works in theatre, tv and film.
Having married and divorced twice and fathering children in both marriages, most notable being David and Shaun Cassidy, Jack’s estate plan was for the most part very well executed. Except for the small “loose end” by way of a life i...
2021-01-1821 minCelebrity Estates: Wills of the Rich and FamousEp 41 – Philip Seymour Hoffman – Don’t Delay When It Comes To Your Estate Plan – With Megan GormanIn this episode, David Lenok, senior editor at WealthManagement.com, is joined once again by Megan Gorman, founding partner of Chequers Financial Management.
Today’s celebrity example is Philip Seymour Hoffman, American actor, director and producer, and father of three children with longtime girlfriend, Mimi.
At the time of his death, Philip Seymour Hoffman’s only estate documentation was a will drafted by his real estate lawyer/CPA (not someone specializing in estate planning) and it mentions a trust set up for his eldest son. Insistent that his children were not to become “trust fund kids” S...
2020-12-2830 minCelebrity Estates: Wills of the Rich and FamousEp 40 – Michael Jackson: Creating A Thriller of An Estate Plan –– With Brian WeinerIn this episode, David Lenok, senior editor at WealthManagement.com, speaks with Brian Weiner, Founder and Managing Partner of Audent Family Wealth Advisors. As managing partner, Brian leads the family offices service program, CIO Platform and next generation education program.
This episode focuses on world famous singer/songwriter, dancer, and the king of pop himself Michael Jackson. At his untimely death, his estate was left mainly to his children via pour-over trusts that also came with a debt of over $500 million, mostly in taxes. In large, due to the great work of his executors, the estate has...
2020-12-1424 minCelebrity Estates: Wills of the Rich and FamousEp 39 – Robin Williams: How To Spot the Warning Signs of Suicide in Your Clients –– With Amanda KoplinToday, David Lenok, senior editor at WealthManagement.com, is joined by Amanda Koplin, LPC, a mental health entrepreneur who is the founder and CEO of Koplin Consulting.
This episode focuses on legendary comedic actor Robin Williams’ tragic suicide and the shocking, unspoken truth about male suicide statistics. Notably, the victims –– namely middle-aged white men –– are a common client profile for many advisors.
David and Amanda delve into how advisors can help their clients by paying attention to their behavior. Advisors are not counselors by any means, but they are in a unique position to see changing b...
2020-11-3019 minCelebrity Estates: Wills of the Rich and FamousEp 38 – Tom Carvel: Why Having Too Many Executors Can Melt an Estate –– With James BertlesIn this episode, David Lenok, senior editor at WealthManagement.com, is joined by James Bertles, managing director at Tiedemann Advisors and head of the firm’s Palm Beach office.
Today’s celebrity example is Tom Carvel, the creator of soft serve ice cream and one of the founding fathers of the franchise system in America.
Thinking he was covering all his bases, Tom Carvel of Carvel Ice Cream appointed no fewer than seven executors to manage his estate upon his death. Unfortunately, having so many hands in the pot turned out to be a recipe for d...
2020-11-1634 minCelebrity Estates: Wills of the Rich and FamousEp 37 – Ric Ocasek & Paulina Porizkova: What To Do If Your Client Wants To Disinherit Their Spouse –– With Megan GormanIn this episode, David Lenok, senior editor at WealthManagement.com, speaks with returning guest Megan Gorman of Chequers Financial Management.
The celebrity examples in this episode are Ric Ocasek and his third wife, Paulina Porizkova. Ric Ocasek was an American musician who was most well known as the co-lead vocalist, rhythm guitarist, and songwriter for the rock band the Cars. Paulina Porizkova is a Czech-born model, actress, and author.
Ric Ocasek was married three times, had two sons with each wife, and was in the process of divorcing Paulina Porizkova, whom he excluded from his wi...
2020-11-0223 min
Wealthies CircleNew 401(k) Fee-for-Service Advice Program with Cetera –– With Jon Anderson & Kaci SkidgelThe new Fee-for-Service Advice Program at Cetera Financial Group provides financial professionals with holistic tools to help and support clients with their retirement-related finances. In this episode, David Armstrong, editor in chief at Wealthmanagement.com, talks to Jon Anderson and Kaci Skidgel. Today’s guests discuss their award-winning platform while providing insight into their firm’s financial wellness … Continue reading New 401(k) Fee-for-Service Advice Program with Cetera –– With Jon Anderson & Kaci Skidgel →
2020-10-2227 minCelebrity Estates: Wills of the Rich and FamousEp 36 – Richard Pryor: Don’t Miss the Signs of Elder Abuse –– With Vivian Lee ThoreenIn this episode, David Lenok, senior editor at WealthManagement.com, is joined again by Vivian Lee Thoreen of Holland & Knight.
The celebrity example in this episode is Richard Pryor, an American actor, writer, and one of the most influential standup comedians of all time. Richard was married five times and fathered seven children from six women. He was open about his personal demons with drugs and alcohol and, on top of all this, Richard had multiple sclerosis.
All of these factors swirled into a perfect storm for a tragic case of elder abuse.
Now...
2020-10-1926 minWealthies CircleAdvanced Technology for Advisors with PractifiWith headquarters in Australia and a branch in Chicago, Practifi is a company that’s all about developing convenient technology for all busy financial advisors out there. Listen in as David Armstrong, Editor and Chief at Wealthmanagement.com, and Practifi’s Co-Founder & Chief Commercial Officer, Adrian Johnstone, talk about his company’s technological customer relationship management (CRM) approach … Continue reading Advanced Technology for Advisors with Practifi →
2020-10-1532 minWealthies CircleSimplify Your RIA Life — With Yang Xu of TradingFrontIn this episode, David Armstrong, Editor and Chief at Wealthmanagement.com, speaks with Yang Xu, CEO of TradingFront, a white label robo-advisor solution. TradingFront was a finalist in two categories at this year’s Wealthies in the categories of Client Onboarding and Client Portal Technology. Yang has also been recognized as one of the “Ten to Watch … Continue reading Simplify Your RIA Life — With Yang Xu of TradingFront →
2020-10-0833 minCelebrity Estates: Wills of the Rich and FamousEp 35 – Chadwick Boseman: Estate Planning Essentials for Clients With a Diagnosis –– With Jacqueline BevilaquaIn this episode, David Lenok, senior editor at WealthManagement.com, is joined again by Jacqueline Bevilaqua, a tax, trust and estates associate at Katzy Korins.
The celebrity example in this episode is actor Chadwick Boseman, who was best known for portraying heroes, specifically Black heroes, in films, such as “42,” “Get On Up,” “Marshall,” and, of course, the blockbuster superhero film “Black Panther.”
Drawing inspiration from Chadwick’s story, David and Jacqueline talk about estate planning essentials for clients who have a diagnosis. They also discuss the importance of having all estate planning documents in order and ensuring that ke...
2020-10-0519 minWealthies CircleMake a Unique Portfolio for Every Single Client –– With Jonathan Hudacko of Just InvestIn this episode, David Armstrong, editor and chief at Wealthmanagement.com, talks to Jonathan Hudacko, CEO of Just Invest. Just Invest strives to deliver the best that modern finance can deliver to its clients. It’s a mandate that has earned them three finalist spots in this year’s Wealthies. In fact, they brought home the win for … Continue reading Make a Unique Portfolio for Every Single Client –– With Jonathan Hudacko of Just Invest →
2020-09-2927 minCelebrity Estates: Wills of the Rich and FamousEp 34 – Luke Perry: Replenishing the Earth in a Mushroom SuitIn this episode, David Lenok, senior editor at WealthManagement.com, is joined again by Megan Gorman, founder of Chequers Financial Management, to discuss the perfection that was Luke Perry’s estate and funeral plan.
American actor and teen idol, Luke Perry, was best known as “bad boy” Dylan Mckay on the TV series Beverly Hills, 90210. When you hear about Luke’s funeral instructions –– including his desire to be buried in a biodegradable mushroom suit –– it will become clear that he was a deep thinker who advisors can learn from when helping clients plan their funeral.
In this episode, yo...
2020-09-2130 minCelebrity Estates: Wills of the Rich and FamousEp 33 – Sammy Davis Jr: An Insolvent Estate Is Not How You Want To Be RememberedWhen you realize your client is living beyond their means and creating nothing but headaches for the executor of their estate, how can you help?
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Mark Brandenburg, an attorney who focuses on estate planning, estate administration, and probate law.
The celebrity example of today’s episode is Sammy Davis Jr., who was arguably the most famous Black entertainer of the 20th century. Together, David and Mark discuss Sammy Davis Jr.’s estate to cast light on the issues that can arise from an insolv...
2020-09-0725 minCelebrity Estates: Wills of the Rich and FamousEp 32 – Jackie O: How the Underrated CLAT Can Help Wealthy Clients’ Heirs Save on Taxes –– With Carl FioreAre your clients charitably inclined, but also want to provide for their heirs? There may be a way to do both, while saving on taxes.
In this episode, David Lenok, senior editor at WealthManagement.com, talks to Carl Fiore, a managing director in the Andersen U.S. National Tax office, about how wealthy people are saving their heirs from hefty taxes through the use of charitable lead annuity trusts (CLATs) and grantor retained annuity trusts (GRATs).
Former first lady Jacqueline Kennedy Onassis (aka Jackie O) was credited with popularizing the now widespread use of CLATs. As...
2020-08-2424 minCelebrity Estates: Wills of the Rich and FamousEp 31 – Death, Taxes, and Elvis Presley — With Paige GoepfertYou work hard for your money, so don’t let the government take it all when you die.
This is exactly what happened to one of the most significant cultural icons of the 20th century, Elvis Presley.
In this episode, David Lenok speaks with Paige Goepfert of Andersen Global to explore the financial mishaps of the late and great Elvis Presley. Through the American singer’s story, David and Paige highlight key takeaway lessons that can help you better prepare your finances for your death.
In this episode, you will learn:
The many...
2020-08-1036 minCelebrity Estates: Wills of the Rich and FamousEp 30 – Kenny Rogers: Knowing When to Hold ‘Em (Top Prenup Tips for Advisors)Most people believe their marriages will last forever. But whether their marriage endures or ends, it’s in your clients’ best interests to have a prenuptial agreement –– especially if the split isn’t amicable
In this episode, David Lenok, senior editor at WealthManagement.com, talks with Aviva Pinto, a managing director at Wealthspire Advisors. This episode is inspired by American singer-songwriter Kenny Rogers, who was famously married five times and had five children with four different partners. Now, Aviva and David dive into The Gambler’s finances and marriages to discuss how to help your clients get a prenup in...
2020-07-2740 minCelebrity Estates: Wills of the Rich and FamousEp 29 – Arnold Palmer: Investing in Wine Could Be Your Clients’ Hole in OneAre your clients thinking about investing in wine? Wine is a true portfolio diversifier, but there are a few things your clients should know first.
In this episode, David Lenok, senior editor at WealthManagement.com, talks to Tom Gearing, CEO and co-founder of Cult Wines Limited, about investing in wine. This topic is inspired by golf pro and entrepreneur Arnold Palmer, one of the first major celebrities to lend his name to a wine label. Arnold Palmer’s wine was widely accessible to the common wine drinker. Meanwhile, today’s conversation delves into the world of more expen...
2020-07-1333 minCelebrity Estates: Wills of the Rich and FamousEp 28 – Debbie Reynolds, Carrie Fisher, and Billie Lourd: Estate Planning for CollectiblesCollectibles have different values depending on who collected them, who owns them, and who wants them.
In this episode, David Lenok, senior editor at WealthManagement.com, talks again with Sarah McDaniel, a CFA and managing director who heads the Wealth Strategies Group and Advanced Planning Centers at Morgan Stanley. Together, they discuss estate planning for collectibles. David and Sarah explore the case of actor Billie Lourd, who not only inherited a bulk of her late mother Carrie Fisher’s and grandmother Debbie Reynolds’s estates but also their large collections of Hollywood memorabilia.
In this episod...
2020-06-2936 minCelebrity Estates: Wills of the Rich and FamousEp 27 – Amy Winehouse: Reasons to Work With Millennial Clients (And How to Get Started)The millennial generation is simultaneously the most talked about, sought after, and yet curiously underserved demographic in the financial planning industry.
In this episode, David Lenok, senior editor at WealthManagement.com, is joined by Douglas Boneparth, founder of Bone Fide Wealth. They discuss how today’s financial advisors can appeal to millennials –– and why bringing in younger clients is a worthwhile pursuit. This topic is inspired by Amy Winehouse, a Grammy-award winning singer-songwriter who died at 27 years old. Amy did not have a will. Her after-tax assets went to her parents, and her ex-husband is making a $1.4 millio...
2020-06-1533 minWealthies CircleEp 7- Tech Assisting Advisors Now More Than Ever — With Stuart DePinaDo you struggle with being able to connect with your clients? Did you know that AI enables advisors to stay in touch with their clients in any space the client chooses? Are you ready for that? In this episode, David Armstrong, Editor in Chief at Wealthmanagement.com, speaks with Stuart DePina, Chief Executive at Envestnet Data … Continue reading Ep 7- Tech Assisting Advisors Now More Than Ever — With Stuart DePina →
2020-06-0428 minCelebrity Estates: Wills of the Rich and FamousEpisode 26: How to Make Your Family Business Last –– With Mitzi PerdueOnly one-third of family businesses make it to the next generation. What are you doing today to help your family business last?
In this episode, David Lenok, senior editor at WealthManagement.com, has the pleasure of speaking with Mitzi Perdue, a businesswoman, author, and professional public speaker. Mitzi is also the daughter of Sheraton Hotel’s co-founders and wife to the late Chicken icon Frank Perdue. Now, Mitzi shares advice on how to develop a family culture that supports keeping the business in the family.
In this episode, you will learn:
What advisors need to...
2020-06-0136 minCelebrity Estates: Wills of the Rich and FamousEp 25 – Prince: Nothing Compares 2 Having a Proper Estate PlanYour clients’ beneficiaries will have a lot of unintended expenses if your clients don’t take the right estate-planning steps –– especially if the plan is nonexistent.
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with returning guest Megan Gorman of Chequers Financial Management about what happens to an estate when there is no plan in place. Using the ongoing legal battles around musician Prince’s estate as an example, they dive into the importance of having a plan.
In this episode, you will learn:
The story of Prince, his estate, and his lack o...
2020-05-1931 minCelebrity Estates: Wills of the Rich and FamousEp 24 – Albert C. Barnes: Wills of the Rich and Famous –– With Jacqueline BevilaquaIt’s surprisingly easy to have estate planning documents and wills modified or overturned. Can your clients be assured that their estate planning documents will be enforced after they’re gone?
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with three-time guest, Jacqueline Bevilaqua, an associate at Katsky Korins, about what can happen to a trust and the client’s wishes after their death. The celebrity example in this episode is American businessman Albert C. Barnes, best known for his massively valuable art collection.
In this episode, you will learn:
The story o...
2020-05-1124 minCelebrity Estates: Wills of the Rich and FamousEp 23- George Steinbrenner and the Value of Flexibility –– With Amy CastoroAre you willing to let your children take the reigns of the family business? Giving your children the space to try and make their own mistakes as they learn will help you identify who is ready to take on the family business.
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with returning guest Amy Castoro, president and CEO of The Williams Group, about what advisors can do to help high-net-worth parents to prepare their children to inherit wealth. David and Amy discuss the Steinbrenner family and the approach they took to allow their children...
2020-04-2728 minCelebrity Estates: Wills of the Rich and FamousEp 22 – Steve Jobs: Dying with Digital Assets with Karin PrangleyWhether you know it or not, you have digital assets, your email, your photos, all your social media accounts. Those are your digital assets. What happens to those accounts when you die?
In this episode, David Lenok, senior editor at WealthManagement.com, is talking with Karin Prangley, Senior Vice President Private Wealth Management at Brown Brothers Harriman. The two dive deep into the topic of digital assets and estate planning loosely using the estate of Technology Legend Steve Jobs.
In this episode, you will learn:
What is a digital asset, and how are they co...
2020-04-1334 minCelebrity Estates: Wills of the Rich and FamousEp 21 – Aaron Spelling: Help Wealthy Parents Nip Their Children’s Affluenza in the Bud –– With Amy CastoroSponsored By: FS Investments
No parent wants their children to be worse off because of the wealth they inherit. As an advisor, what can you do to help parents equip their children for wealth and snuff out a sense of entitlement –– or affluenza –– that could derail them in the future?
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Amy Castoro, president and CEO of The Williams Group, about what advisors can do to help high-net-worth parents to prepare their children to inherit wealth. David and Amy look to the Spelling family for an e...
2020-03-3029 minCelebrity Estates: Wills of the Rich and FamousEp 20 – The Wrigley Family: Help Your Clients Avoiding Passing on an Estate Tax Bill — With Scott SteinerToo many people are oblivious to the estate tax. But as an advisor, you’re perfectly positioned to help your clients avoid passing on a tax bill to their heirs.
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Scott Steiner of Calamos Wealth Management about what you can do to make your clients aware of the estate tax and avoid sticking their heirs with a bill. They bring this topic to life by exploring the case of the Wrigley family, best known for their chewing-gum dynasty. The Wrigleys were either unaware or did no...
2020-03-1630 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 19 – Yul Brynner: Renouncing U.S. Citizenship — With David LesperanceWhat is it about the American tax system that’s compelling people to renounce their U.S. citizenship? Is there a better option for you and your money?
In this episode, WealthManagement.com’s senior editor, David Lenok, is joined by David Lesperance, a tax and immigration lawyer who has been helping people save their wealth from the taxman for over 30 years. Together, they explore the case of Yul Brynner, an award-winning film and stage actor who renounced his U.S. citizenship in 1965 for tax reasons. Since then, the number of wealthy Americans who’ve been using renunc...
2020-03-0227 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 18 – Mickey Rooney: Elder Abuse and Preventing Post-Death Litigation — With Vivian Lee ThoreenSponsored By: FS Investments
Numerous post-death estate-litigation cases happen across the U.S. every day. How will you help your clients understand their estate planning decisions and ultimately prevent post-death litigation?
In this episode, David Lenok, WealthManagement.com’s senior editor, is joined by the attorney who represented Mickey Rooney and his estate in his elder abuse and estate litigations, Vivian Lee Thoreen of Holland & Knight, to discuss how advisors can help clients make effective decisions about guardianship to protect their elderly clients and reduce the chance of post-death litigation. Together, they discuss the financial eld...
2020-02-1630 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 17 – Elizabeth Taylor: Going Deep With Your Philanthropy — With Bruce DeBoskeySponsored By: FS Investments
What kind of difference do your clients want to make in the world — and for themselves — with their philanthropy?
In this episode, WealthManagement.com’s senior editor, David Lenok, is joined by Bruce DeBoskey, president and founder of The DeBoskey Group. Bruce has dedicated his life to helping others maximize the impact of their philanthropic giving. Together, David and Bruce discuss the legacy of Elizabeth Taylor, one of classical Hollywood cinema’s most beloved stars, to serve as inspiration for teaching advisors how to help clients deepen their impact.
In this e...
2020-02-0329 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 16 – Robert Mugabe: Help Your Clients Face their Estate-Planning Fears — With Jacqueline BevilaquaSponsored By: FS Investments
There is a special kind of fear that estate planning brings out in many people. As an advisor, how will you help your clients move past this fear enough to do thorough estate planning?
In this episode, WealthManagement.com’s senior editor, David Lenok, is joined again by Jacqueline Bevilaqua of Katsky Korins to discuss how advisors can help clients push through their estate-planning fears. Together, they draw from the story of Robert Mugabe, former president of Zimbabwe, who spent his life inspiring fear in others but was unable to overcome his...
2020-01-2124 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 15—Jerry Weintraub: Modern Polyamory—With Kim KaminIf you had a client with multiple spouses, would you know how to handle their estate planning?
In this episode, WealthManagement.com’s senior editor, David Lenok, speaks with Kim Kamin, principal at Gresham Partners, about the success of Jerry Weintraub’s estate plan. Its success is notable given that this Emmy-Award winning producer, talent manager, and actor had lived with a long-term girlfriend while still staying married to his wife. Together, David and Kim discuss Jerry Weintraub’s story, the overlooked prevalence of polyamorous couples in today’s society, and considerations for advisors who are working with poly...
2020-01-0626 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity – Ep 14 – Rockefeller: Help Your Snowbirds Dodge Tax Pitfalls — With Daniel BernardSponsored By: FS Investments
Since not all states treat taxes the same, snowbirds who don’t know the rules might experience great heartache when they receive their tax bill.
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with tax attorney Daniel Bernard. Together, they discuss John D. Rockefeller, the legendary American industrialist, philanthropist, and founder of the Standard Oil Company. In 1914, he started splitting time between Florida and New York, making the ultra-rich Rockefeller one of the first snowbirds. Using Rockefeller as their inspiration, David and Daniel explore the tax options and rul...
2019-12-1325 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 13 – Picasso: The Taxman Cometh — With Sarah McDaniel, CFASponsored By: FS Investments
Art collections can be a difficult asset to comprehend. You need to surround yourself with highly qualified and good-intentioned experts to ensure your legacy lives on.
In this episode, WealthManagement.com’s senior editor, David Lenok, speaks with Sarah McDaniel, CFA and managing director: head of Wealth Strategies Group and Advance Planning Centers at Morgan Stanley, about the massive art collection left behind after the death of one of the world’s most influential artists: Pablo Picasso. As you’ll soon find out, thanks to Picasso’s superstitions, his family had to use p...
2019-12-0228 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity – Ep 12 – Jerry Buss: Make Succession Planning a Slam Dunk — With Sonya MughalHave you created a business that you want to outlast you? Do you know who would take over if something were to happen to you?
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Sonya Mughal, COO of Bailard Inc. Together, they explore the estate of Jerry Buss, the legendary owner of the Los Angeles Lakers. Jerry Bus had a succession plan in place to cover his 66% ownership of the team: His six children equally inherited a stake in the business. But as you’ll soon find out, even the best-laid plans can crumble.
...
2019-11-1820 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 11 – Liberace: Planning for LGBTQ Clients — With Bruce HoffmeisterSponsored By: FS Investments
Living a secret life can be so utterly complicated. Take it from Liberace. As you’ll soon find out, it is essential for LGBT couples to have a prenup or partnership agreement that can unfold if a relationship ends.
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Bruce Hoffmeister, a vice president and wealth strategist at Wilmington Trust. Together, they discuss the issues within the estate of Liberace, Mr. Showmanship himself. In this discussion, they delve into the secret and not-so-secret lifestyle of Liberace, brought forward by th...
2019-11-0423 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 10 – Robin Williams Planned It Right — With Guest Avi KestenbaumSponsored by: Nationwide Advisory
You can have everything planned out, accounted for, and your family members will still find something to fight over once you are gone.
In this episode of Dead Celebrity, by Informa WealthManagement.com, David Lenok and Avi Kestenbaum discuss the estate plan of beloved comedian and Oscar-winning actor Robin Williams. As you’ll soon find out, even the best of estate plans and legal advice can be a recipe for disaster when you have children from different marriages and a surviving spouse.
In this episode, you will learn:
The...
2019-10-3120 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 9 – Marlon Brando: Loss of CapacityThe loss of capacity is a very real threat to all clients, particularly those who are getting older. If your client were to show signs of cognitive impairment, would you know how to proceed with their estate planning?
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Letha McDowell, a shareholder of Hook Law Center. Together, they explore the controversial estate plan, a product of highly questionable decisions, of legendary actor and Hollywood icon Marlon Brando. This is a conversation that uncovers the benefits of completing a power of attorney, signs of diminishing capacity t...
2019-10-2124 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 8 – Anthony Bourdain, Aretha Franklin and the Basics of TrustsSponsored By: FS Investments
When celebrities with trusts pass away, we may never learn the full details of their estates. And that’s largely the point. But the benefits of using a trust don’t stop at privacy.
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Geoff Madsen, CEO and chairman of Independent Trust Company. They discuss the benefits of using trusts in your estate planning package, weaving in the examples of Anthony Bourdain, Aretha Franklin and others to illustrate their points.
In this episode, you will learn:
What a...
2019-10-0728 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 7 – Adam “MCA” Yauch: How to work with strong-willed clients — With Guest Jacqueline BevilaquaSponsored By: FS Investments
Do you have co-owned assets, similar to how the three members of Beastie Boys co-own their music?
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Jacqueline Bevilaqua, associate at Katsky Korins, about what was done correctly and incorrectly in the estate plan of rapper Adam Yauch ( ⅓ of Beastie Boys). As they examine Adam Yauch’s estate, David and Jacqueline discuss how to delicately manage the challenges that often come with high-net-worth clients and what steps need to be taken before incorporating copyright into a will.
In thi...
2019-09-2328 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 6 – Women and their Finances: Gloria Vanderbilt — With Guest Michelle Smith, CDFAA massive demographic shift is underway for women with money. As an advisor, are you equipped to help women take control of their finances?
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Michelle Smith, a Certified Divorce Financial Analyst about women and money. Together, they unpack what advisors can learn from the life of Gloria Vanderbilt, who was a fashion icon, artist, author, actress, heiress, and socialite. Listen in and learn how you can help women take the reigns of their financial lives.
In this episode, you will learn:
How op...
2019-08-2726 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 5 – Tom Petty’s Children and a Second Marriage — With Returning Guest Megan GormanWhen you’re creating or updating your estate planning documents, using clear language takes on a whole new level of importance. Your carefully crafted language can ensure that your wishes leave no room for interpretation.
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Megan Gorman, founding partner of Chequers Financial Management. Together, they discuss the estate of Tom Petty, one of rock and roll’s biggest icons, who died from an accidental drug overdose. Up for discussion is the dispute that broke out over Tom Petty’s estate among his widow, ex-wife, and two daug...
2019-07-2525 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 4 – Joan Crawford’s Decision to Exclude Children From Her Estate — With Guest Dr. Stanley Teitelbaum, PsyDToo many times we allow our emotions to get the better of us, leading us to make unfair or judgmental decisions. Will you use your estate plan to punish your heirs? Or will you choose to resolve issues before it’s too late?
In this episode, David Lenok, senior editor at WealthManagement.com, speaks with Dr. Stanley Teitelbaum, PsyD. Together, they explore the estate of Joan Crawford, one of old Hollywood’s biggest stars. Up for discussion is Joan Crawford’s decision to deliberately exclude two of her children from her estate. Dr. Teitelbaum explains how estate planne...
2019-07-1727 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 3 – Will Your Pets Become Heirs? A Look at Karl Lagerfeld and His Cat — With Guest Megan GormanHave you considered what would happen to your pet if something happened to you? Do you want to ensure that your family friend is taken care of after you’re gone?
This episode will open your mind to the options available to you and your pet.
In episode three of Dead Celebrity, by Informa WealthManagement.com, David Lenok is joined by Megan Gorman of Chequers Financial Management. They speculate on the unreleased details of world-famous fashion designer Karl Lagerfeld’s estate plan and how he may have provided for his beloved cat, Choupette. Throughout the episo...
2019-06-1920 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 2 – Robin Williams Planned It Right — With Guest Avi KestenbaumYou can have everything planned out, accounted for, and your family members will still find something to fight over once you are gone.
In this episode of Dead Celebrity, by Informa WealthManagement.com, David Lenok and Avi Kestenbaum discuss the estate plan of beloved comedian and Oscar-winning actor Robin Williams. As you’ll soon find out, even the best of estate plans and legal advice can be a recipe for disaster when you have children from different marriages and a surviving spouse.
In this episode, you will learn:
The role of trusts
The importance of...
2019-06-0519 minCelebrity Estates: Wills of the Rich and FamousDead Celebrity Ep 1 – The Bizarre Story of Casey Kasem — With Guest Jim DoughertyAre you that person who thinks, “I don’t need to do that paperwork today. It can wait”? Do you think it’s unnecessary to plan out your final wishes and make sure your estate plan is in order?
In this inaugural episode of Dead Celebrity, by Informa WealthManagement.com, we learn lessons from the life and death of celebrity Casey Kasem. Jim Dougherty from Withers Worldwide discusses the pitfalls of not being prepared when you either pass suddenly or become incapacitated.
In this episode, you will learn:
The basic background of the Kasem family
T...
2019-05-3130 min