Celebrity Estates: Wills of the Rich and Famous
Business:Investing
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:
Resources:
Connect With David Handler:
Connect With David Lenok:
About Our Guest:
David A. Handler is a partner in the Trusts and Estates Practice Group of Kirkland & Ellis LLP. He concentrates his practice on trust and estate planning and administration, representing owners of closely-held businesses, family offices, principals of private equity and venture capital funds, individuals and families of significant wealth, and establishing and administering private foundations and other charitable organizations.
David is a fellow of the American College of Trust and Estate Counsel (ACTEC), and a member of the NAEPC Estate Planning Hall of Fame as an Accredited Estate Planner (Distinguished). He is the creator or co-creator of the “HEET trust,” the “RPM Trust” and the “Guaranteed GRAT,” among other innovations. David is also a member of the professional advisory committees of several nonprofit organizations, including the Chicago Community Trust, The Art Institute of Chicago, The Goodman Theatre, WTTW11/98.7WFMT (Chicago public broadcasting stations) and the Jewish Federation of Metropolitan Chicago.
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Ep 59 – Philip Seymour Hoffman – Don’t Delay When It Comes To Your Estate Plan – With Megan Gorman
Ep 58 – MacKenzie Scott: The Future of Giving?
Ep 57 – Prince: Planning for Intellectual Property With Matthew Erskine
Ep 56 – Elon Musk’s Charitable Limits With John Pantekidis
Ep 55 – Britney Spears: How The Jump Conservatorship Skips Estate Planning With Megan Gorman
Ep 54 – James Brown: Philanthropy After Death With Robert Strauss
Ep 53 – The Information About Special Needs Trusts Everyone Needs To Hear With Gina Nelson
Ep 52 – Peter Bing: How Incorrect Terminology in an Estate Plan Can Cause Total Chaos With Megan Gorman
Ep 51 – Preserving Your Inherited Collectibles with Barbara Archer
Ep 50 – Warren Buffett – What Is Your Subconscious Relationship With Money? With Rick Kahler
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