Shortly after American actor James Gandolfini died last month, his will became public, and with that, a debate ensued about his estate planning (or lack thereof).
In an interview that is the basis for much of a recent article in the New York Times, Mr. Gandolfini’s attorney defends the structure of the star’s estate planning. However, one thing that the attorney could have prevented was the very public analysis and scrutiny of the will itself. Had Mr. Gandolfini had a simple, inexpensive revocable living trust with a “pour-over” will, all of his possessions would have been transferred to the trust on his death. No one would know anything about his assets or his intentions.
You can read the entire article in the July 19, 2013 edition of the New York Times here.