Contact: Berdon LLP (New York, New York, USA)
At the moment of his untimely death, actor Phillip Seymour Hoffman was a widely respected actor who had amassed considerable wealth. At the time he signed his will in 2004, he was just poised on the brink of success and fortune. The many estate planning techniques available to preserve and protect the assets that had grown substantially over the ensuing years were left unused.
For anyone, your estate plan should be a document that is revisited with regularity. Changes in your circumstances; marriage, divorce, births, financial success, to name a few can have estate planning ramifications. Ongoing tax reform that might curtail current advantages or present new opportunities can also raise the need to revisit your planning.
To see 15 Thought Triggers that might indicate a need to revisit your estate plan, click here.
To view the 2MinutesOn video "Financial Planning through Major Life Changes" click here.
Questions? Contact your Berdon advisor or Scott Ditman at 212.331.7464 | sditman@berdonllp.com, Marco Svagna at 212.331.7644 | msvagna@berdonllp.com or Jennifer Prosperino at 212.699.6706 | jprosperino@berdonllp.com.
