Five Estate Planning Lessons From The Paul Walker Estate

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Five Estate Planning Lessons From The Paul Walker Estate
Paul William Walker I V was the star of the Fast & Furious movies, until his regrettable — and ironic — death in a high-velocity car accident on November 30, 2013. The car, in which Walker was a passenger, was found to have been doing at the very least a hundred mph. Walker was 40 years old when he died, survived by his parents and his 15-year old daughter, Meadow Rain Walker. Recently, Paul Walker’s father filed to open the estate, including Walker’s Last Will and Testament, which you can read here: Read Paul Walker’s Will . It sheds some interesting information about the Paul Walker Estate and highlights some valuable estate planning lessons. First, the probate filing and will reveal that Walker had belongings of about 25 million pounds, including 8 million in personal property (which would include cash and investments), $8.5 in expected income, and another $8.5 million in real estate (after subtracting mortgages). Next, the filing shows that Walker had a revocable dwelling trust, benefiting his daughter as the sole Read more... The post Five Estate Planning Lessons From The Paul Walker Estate appeared first on Trial and Heirs Blog .