James Gandolfini has been gracing the headlines over the past few months. Surprisingly, the publicity surrounding the late television star’s death is not focused on his award-winning performance in “The Sopranos” or a Hollywood scandal – but rather his estate planning.
Tony Soprano certainly missed some extraordinary estate planning opportunities.
Lindsey’s latest article examines lessons learned from James Gandolfini’s estate on life insurance. Effective August, 2012, Illinois now provides increased creditor protection for life insurance policies where the beneficiary is trust for the benefit of a child, spouse, or dependent. Beneficiary designations on life insurance policies are critical to providing asset protection for beneficiaries and ensuring maximum estate tax planning.
To learn how you might benefit from similar planning download “Life Insurance Lessons From A ‘Sopranos’ Star,” published in the August edition of the Chicago Daily Law Bulletin.