Category Archives: Celebrity Estates

Batman: The Masked Philanthropist

Tambov, Russian Federation - July 29, 2018 Portrait of Lego Batman minifigure against LEGO gray baseplate background.

Bruce Wayne possess something key to moonlighting as Batman: money. Heir to an enormous fortune, Wayne emerges as one of Gotham’s wealthiest citizens. A major philanthropist who donates money to various causes, neither role would work without assets.

Tax Planning: Meat Loaf’s Estate

Writing note showing Tax Planning. Business concept for analysis of financial situation or plan from a tax perspective White pc keyboard with note paper above the white background

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.

Celebrity Estates: Meat Loaf

Meat Loaf Rocker Estate Plan

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.