Bob 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 beneficiaries from a financial standpoint as well as the tax implications and how that money could be used after donating.

David discusses:

Different types of charitable donations; 
How charitable donations impact legacy planning for beneficiaries;
The tax implications of leaving money to charity;
The limitations of directing where donations will be spent within a charity;
And more

Celebrity Estates: Bob Barker and Leaving a Charitable Legacy

When 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 and Warshaw discuss:

- The pain points of creating an estate plan with international heirs;
- What tax regulations impact international heirs and how their immigration status may impact that inheritance;
- How the US enforces inheritance tax with international heirs;
- Why everyone should be aware of the laws involved in the estate plan - even if they will be dead when it comes into action;
- And more

Resources:

Listen to the latest episodes of Celebrity Estates: www.wealthmanagement.com/featured-ser…rity-estates

Connect With David Lesperance:

LinkedIn: David Lesperance: www.linkedin.com/in/davidslespera…taxation-lawyer/ 
Lesperance and Associates: lesperanceassociates.com/

Connect with Melvin Warshaw:

LinkedIn: Melvin Warshaw: www.linkedin.com/in/melvin-warsha…e-client-lawyer/ 
Melvin Warshaw Practice: melvinawarshaw.com/

Connect With David Lenok:

david.lenok@informa.com 
Website: www.wealthmanagement.com/
LinkedIn: David Lenok : bit.ly/DavidLenokLI
LinkedIn: Informa :bit.ly/InformaLI
LinkedIn: WealthManagement: bit.ly/WealthManagementLI

About Our Guests:

David Lesperance is one of the world’s leading international tax and immigration advisors. A published author in the field, David’s personal interest in these areas of law grew from his experience working as Canadian immigration and customs officer while studying law. Since being called to the bar in 1990, he has established his expertise with major law firms, his own law firm and as a private consultant. David has successfully advised scores of high and ultra high net-worth individuals and their families, many of whom continue to seek his counsel today. In addition he has provided pro bono advice to many governments on how to improve their Citizenship by Investment, Residence by Investment or “Golden Visa” type programs to better meet the needs of his global clients. David is supported by a team of professionals, some of whom have worked with him since the early 1990s.

Melvin Warshaw currently represents U. S. and non-U. S. high net worth individuals, families and companies on a wide range of personal and business tax matters, especially in connection with cross-border income and estate tax planning and compliance in the U. S. He is admitted to practice in the Commonwealth of Massachusetts in the U.S.

(CE) Celebrity Estates - (King Charles)

Len 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, and Likeness (NIL) deals for athletes, the challenges and opportunities they present, and foundational estate planning strategies that every individual, regardless of fame, should consider. 

David and Steve discuss:

- How do NIL deals affect young athletes' financial and estate planning;
- Why are wills, durable powers, and healthcare directives important for young adults;
- Strategies to protect future earnings and assets through estate planning
- What advice do advisors have for guiding young earners in estate and financial planning;
- And more.

Resources:

Listen to the latest episodes of Celebrity Estates: https://www.wealthmanagement.com/featured-series/celebrity-estates 

Connect With Steve Lockshin:

LinkedIn: Steve Lockshin: https://www.linkedin.com/in/stevelockshin/ 
Website: https://www.justvanilla.com/ 

Connect With David Lenok:

david.lenok@informa.com 
Website: https://www.wealthmanagement.com/
LinkedIn: David Lenok : https://bit.ly/DavidLenokLI
LinkedIn: Informa: https://bit.ly/InformaLI
LinkedIn: WealthManagement: https://bit.ly/WealthManagementLI

About Our Guest:

Steve Lockshin is an entrepreneur in the wealth management services industry. He built and sold RIAs and TAMPs. Now doing it again, Steve is a founder with a primary focus towards serving the ultra-affluent through effective estate and investment planning. He is a champion for technological advances in the wealth advisory industry while working towards improving transparency and supporting the fiduciary standard(+) and the author of Get Wise to Your Advisor.

Celebrity Estates: Steve Lockshin on Len Bias and NIL Deals in Estate Planning

With Donald Trump appearing at his recent inauguration flanked by tech billionaires, the connection between presidents and the almighty dollar is more apparent than ever. However, Trump is not the only president with an interesting relationship with money.

In this episode of the Celebrity Estates podcast, host David Lenok welcomes back Megan Gorman, a wealth and tax planning expert and founding partner at Chequers Financial Management, to discuss her new book, All the President’s Money: How the Men Who Governed America Governed Their Money. Listen as they delve into U.S. presidents’ financial decisions and estate planning strategies, uncovering common challenges such as procrastination and poor communication with heirs.

Through historical examples, Megan and David emphasize the importance of clear estate planning, communication with heirs and considering the legacy one’s financial decisions leave behind. The discussion underscores how estate planning lessons from historical figures can be applied to modern financial planning, making it a compelling episode for advisors and individuals alike.

Key insights include:

- Insights into Harry Truman's "letter of wishes" 
- The surprising financial savvy of Warren G. Harding
- How George Washington's estate plan unintentionally endangered Martha
- Abraham Lincoln's lack of an estate plan despite his legal background
- And more

Resources:

Listen to the latest episodes of Celebrity Estates: https://bit.ly/3N10V10 
Trust and Estates Magazine: https://bit.ly/3XXqoPn 
Celebrity Estates Podcast: Britney Spears' Conservatorship: https://bit.ly/4hPAXM1 
Philip Seymour Hoffman – Don’t Delay When It Comes To Your Estate Plan – With Megan Gorman: https://bit.ly/3QcBOtU 
Tom Petty’s Children and a Second Marriage — With Returning Guest Megan Gorman: https://bit.ly/3COdcEC 

Connect With Megan Gorman:

LinkedIn: Megan Gorman: https://www.linkedin.com/in/megangormancfm/ 
LinkedIn: Chequers Financial Management: https://www.linkedin.com/company/chequers-financial-management/ 
Chequers Financial Management: http://www.chequersfinancial.com/ 

Connect With David Lenok:

david.lenok@informa.com 
https://www.wealthmanagement.com/ 
LinkedIn: David Lenok: https://bit.ly/DavidLenokLI 
LinkedIn: Informa: https://bit.ly/InformaLI 
LinkedIn: WealthManagement: https://bit.ly/WealthManagementLI 

About Our Guest:

Megan is the founding partner of Chequers Financial Management, a fee-only planning firm that specializes in high-net-worth and ultra-high-net-worth families in San Francisco, California. Megan heads the firm's family office services practice.

As well, Megan is a Senior Contributor for Forbes in personal finance and tax. She is also quoted regularly in the press as a tax and financial planning expert including such publications as The Wall Street Journal and The Washington Post. She blogs at TheWealthIntersection.com, has appeared on numerous podcasts, and is a regular weekly commentator on The Money Tree Podcast.

Celebrity Estates: All the President’s Money with Megan Gorman

After 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.

They discuss:

- Challenges in estate planning for cognitively impaired clients 
- The importance of ongoing revision and understanding of estate plans 
- How societal shifts impact elder care and estate planning
- The significance of community support systems in elder law
- Legal nuances of simultaneous deaths and the implications for estates

Resources:

Listen to the latest episodes of Celebrity Estates: https://bit.ly/3N10V10 
Trust and Estates Magazine: https://bit.ly/3XXqoPn 

Connect With Jacqueline Bevilaqua:

LinkedIn: Jacqueline Bevilaqua: https://www.linkedin.com/in/jacqueline-bevilaqua-819b5651/ 
Warshaw Burstein: https://www.wbny.com/ 

Connect With David Lenok:

david.lenok@informa.com 
https://www.wealthmanagement.com/ 
LinkedIn: David Lenok: https://bit.ly/DavidLenokLI 
LinkedIn: Informa: https://bit.ly/InformaLI 
LinkedIn: WealthManagement: https://bit.ly/WealthManagementLI 

About Our Guest:

Mrs. Bevilaqua has focused her practice on trusts and estates law since 2013. She has a strong background in estate planning and estate and trust administration for a diverse clientele, particularly complex issues of gift, estate and trust taxation. She also has significant experience in international estate planning, foreign account tax act compliance, and pre-immigration tax planning.

In addition, Ms. Bevilaqua is well-versed in counseling nonprofit corporations on regulatory, governance and federal and state tax compliance matters.

#podcast #EstatePlanning #wealthmanagement #celebrityestates #celebritydeaths #EstatePlanning #ElderCare #WealthTransfer #GeneHackman #CognitiveDecline #LegalChallenges #CommunitySupport


Celebrity Estates: Gene Hackman and Estate Planning While in Cognitive Decline

When 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 estate versus revocable trusts 
- The misunderstood role of communication in wealth preservation
- Overcoming familial challenges in estate planning 
- And more

Resources:

Listen to the latest episodes of Celebrity Estates: https://bit.ly/3N10V10 
Trust and Estates Magazine: https://bit.ly/3XXqoPn 

Connect With David Lenok:

david.lenok@informa.com 
https://www.wealthmanagement.com/ 
LinkedIn: David Lenok: https://bit.ly/DavidLenokLI 
LinkedIn: Informa: https://bit.ly/InformaLI 
LinkedIn: WealthManagement: https://bit.ly/WealthManagementLI 

Connect With Noah Rosenfarb:

connect@wealthrive.com 
http://Talkabouttax.com 
LinkedIn: Noah Rosenfarb, CPA: https://www.linkedin.com/in/noahrosenfarb/ 
LinkedIn: Wealthrive Inc.: https://www.linkedin.com/company/wealthriveinc/ 
(855) 540-0400

About Our Guest:

Noah Rosenfarb is a third-generation CPA who learned early in life that becoming tax-efficient could accelerate the journey toward achieving financial goals. After attaining financial independence and stepping away from operating businesses, Noah began sharing his expertise with members of EO and YPO. The response was immediate—people started asking him for help.

Determined not to return to a traditional job, Noah assembled a team of accountants, lawyers, and financial planners. He personally trained them in the strategies he used to become Rich Beyond Money. One of his proudest accomplishments is knowing that entrepreneurs working with his team achieve better results than he could have delivered alone.

Noah openly shares the tools, resources, and strategies that created his own version of true freedom. With a track record that includes selling eight companies, taking one public, and completing more than 50 real estate investments valued near $1 billion, he brings more than technical expertise—he brings lived experience. He serves high-performing families who seek to balance qualitative life goals with quantitative financial strategies.

Based in Parkland, Florida, Noah lives with his wife, Amanda, and their two children. A passionate traveler, he’s visited over 70 countries across five continents.

New tracks tagged #DavidLenok