Blended families challenge us in life and death. Someone with children from a previous marriage balances wanting to provide for their children and their spouse. Specifically, concerns arise relative to the money left to the current spouse.
Category Archives: Celebrity Estates
20
May
May
Using a bypass trust is another way to avoid the estate tax. In this case, Meat Loaf could have created a trust to hold an amount equal to his unused individual lifetime exclusion amount ($12.06 million), with any excess passing to his wife either outright or through a marital trust, therefore bypassing estate tax liability.
13
May
May
By the time he died, Meat Loaf had appeared in hundreds of TV shows, endearing himself to a younger generation with roles in Wayne’s World and Fight Club. He married twice, and had two children.
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