You will be amazed that even the RICH & FAMOUS make estate planning errors. The following examples are of public record.
The first table includes estates that made use of the marital deduction. However, under current laws the costs would be slightly different. Scroll down to see the table and then return to:
Estate Planning Basics I
Estate Planning Basics II
Estate Planning Basics III
Estate Planning Basics IV
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What does my net estate consist of?
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Urgent: Read the six most common myths surrounding retirement!
Sample Estate Settlement Costs
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Estate |
Costs |
Estate |
Shrinkage |
| Stan Laurel | $ 91,562 | $8,381 | 83,181 | 9% |
| Goodwin Knight | 102,049 | 21,585 | 80,464 | 21% |
| W.C. Field | 884,680 | 329,793 | 554,887 | 37% |
| Nelson Eddy | 472,715 | 109,990 | 362,725 | 23% |
| Dixie Crosby | 1,332,571 | 781,953 | 550,618 | 59% |
| Franklin D. Roosevelt | 1,940,999 | 574,867 | 1,366,132 | 30% |
| Humphrey Bogart | 910,146 | 274.234 | 635,912 | 30% |
| Clark Gable | 2,806,525 | 1,101,038 | 1,705,488 | 30% |
| Dean Witter | 7,451,055 | 1,830,717 | 5,620,339 | 25% |
| Henry J. Kaiser, Sr. | 5,597,772 | 2,488,364 | 3,109,408 | 44% |
| Henry J. Kaiser, Jr. | 55,910,373 | 1,030,415 | 54,879,958* | 2% |
| Al Jolson | 4,385,143 | 1,349,066 | 3,036,077 | 31% |
| Gary Cooper | 4,984,985 | 1,530,454 | 3,454,531 | 31% |
| Myford Irvine | 13,445,552 | 6,012,685 | 7,432,867 | 45% |
| Walt Disney | 23,004,851 | 6,811,943 | 16,192,908 | 30% |
| Harry M. Warner | 8,946,618 | 2,308,444 | 6,638,174 | 26% |
| William E. Boeing | 22,386,158 | 10,589,748 | 11,796,410 | 47% |
| * Over $50,000,000 of Henry J. Kaiser's estate went to the Kaiser Family Foundation. |
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Estate |
Costs |
Estate |
Shrinkage |
| William Frawley | $ 92,446 | 45,814 | 46,632 | 49% |
| Gabby Hayes | 111,327 | 21,963 | 89,364 | 20% |
| Hedda Hopper | 472,661 | 165,982 | 306,679 | 35% |
| Marilyn Monroe | 819,176 | 448,750 | 370,426 | 55% |
| Erle Stanley Gardner | 1,795,092 | 636,705 | 1,158,387 | 35% |
| Cecil B. DeMille | 4,043,607 | 1,396,064 | 2,647,543 | 35% |
| Elvis Presley | 10,165,434 | 7,374,635 | 2,790,799 | 73% |
| J.P. Morgan | 17,121,482 | 11,893,691 | 5,227,791 | 69% |
| John D. Rockefeller, Sr. | 26,905,182 | 17,124,988 | 9,780,194 | 64% |
| John D. Rockefeller, Jr. | 160,598,584 | 24,965,954 | 135,632,630* | 16% |
| Alwin C. Ernst, CPA | 12,642,431 | 7,124,112 | 5,518,319 | 56% |
| Frederick Vanderbilt | 76,838,530 | 42,846,112 | 33,992,418 | 56% |
| *Most of the estate of John D. Rockefeller, Jr. went to the Rockefeller Brothers Fund, Inc. |
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