Estate Planning

Chadwick Boseman was an American actor best known for his portrayal of T’Challa/Black Panther in the Marvel Cinematic Universe. Boseman was born on November 29, 1976 in Anderson, South Carolina, and began his acting career in the early 2000s, appearing in television shows such as Law & Order and CSI: NY.

Chadwick Boseman had his breakout role came in 2013, when he played Jackie Robinson in the biographical film 42. He went on to star in a number of notable films, including Get on Up (2014), in which he played James Brown, and Marshall (2017), in which he played Thurgood Marshall.

Boseman’s most famous role, however, was as T’Challa/Black Panther in the Marvel Cinematic Universe. He first appeared as the character in Captain America: Civil War (2016) and later starred in the solo film Black Panther (2018), which was a critical and commercial success and earned Boseman numerous awards and nominations.

Boseman died at the age of 43 in 2020 of cancer. He didn’t leave behind a Last Will and Testament, which is a document that  that directs how property shall be distributed upon a deceased person’s death.It looks like his estate and assets are finally settled among his family members and loved ones: everything is to be dispersed evenly between the late actor’s parents and his girlfriend. After taxes, funeral and legal expenses are all removed from his estate, a whopping $2.5 million fortune was left. Find out what exactly what Taylor Simone Ledward (the late actor’s girlfriend) is using some of that money to pay for: 

What’s up with Chad Boseman’s estate?

Warren Buffett is a widely respected and successful investor, businessman, and philanthropist. He is the chairman and CEO of Berkshire Hathaway, a conglomerate holding company that owns a diverse range of businesses in various industries.

Buffett is known for his value investing approach, which involves seeking out undervalued companies with strong potential for growth and holding onto them for the long term. He has consistently outperformed the stock market over the years, and his net worth is currently estimated to be over $100 billion.

In addition to his business ventures, Warren Buffett is also known for his philanthropy. He has pledged to give away 99% of his wealth to charitable causes, and has donated billions of dollars to various organizations through the years.

Buffett is often referred to as the “Oracle of Omaha” due to his successful track record as an investor and his home base in Omaha, Nebraska. He is widely respected and admired for his business acumen, wisdom, and generosity.

His entire fortune will be left to charity. The fortune, to spent within a span of a decade, is supposedly enough money for every child on the planet to live on. While Buffett has been mum about how the massive fortune will be dispersed, the Bill and Melinda Gates foundation is counting on some of that money for its own charitable endeavors. The $96 billion-dollar fortune is supposed to be dispersed as follows:  $17.4 billion has been set aside for four separate family charitable organizations, $56 billion is (allegedly) supposed set aside for the Gates Foundation, and $18.7 billion is left behind (so far) in unclaimed charitable funds. He’s supposedly planning to create a children’s world bank, which allocates a certain amount of money to each child on Earth.

Find out the plans about how this money is to be spent by clicking on the link below: 

Warren Buffett is leaving behind his vast fortune

Estate Planning: An individual’s property and assets — including real estate, bank accounts, life insurance policies, stocks, and personal property such as automobiles and jewellery. This article is about a “child” in their 50’s who feels “gutted” by the way in which their parent has set out their estate plan. 

A distraught sibling contacts an advice columnist seemingly out of desperation: the sibling and his/her brother are set to inherit money from their parents (money that they both assumed would be evenly split among them). Surprise, surprise, both the sibling and their brother were shocked to learn their parents would be dividing up their inheritance in one-fifths: one-fifth each among the following; the sibling, the brother, and the rest to be spread out among each of the brother’s children (i.e. the grandchildren). Their parents estate planning appears grossly unfair to the child in question: the person feels neglected, as they are the child the parents often reach out to in times of help. Therefore, the person in question feels slighted. What advice would you offer? Every child wants to feel loved on the same level as their siblings. It’s not always about the money but the feeling of being included. On the surface, the estate plan appears equitable as everyone is getting an equal share, but the child in question feels as though he/she went above and beyond for their parents. Depending on the situation at hand, there may be several reasons as to why the parents in question divided up their estate the way they did: perhaps one  needs more financial help than another; perhaps one child has more health issues than the others. If  the parents in question were to leave behind more of their assets in favour of the particular child feeling neglected, the other siblings would be resentful of their parents. Feeling undervalued and ignored, the person turns to an advice columnist for help: 

 Can I tell my parents their estate plan hurts my feelings?

Need a quick pick-me-up? A taxi driver from Nova Scotia left behind a massive fortune to his community; an inheritance that will be cherished for decades! We hear stories like this from time to time; someone working an ordinary job (e.g. a janitor or a teacher) who ends up surprising everyone after their passing. There’s a similar story about a janitor who died with millions to his name. There was also the teacher who left behind a sizeable donation to the school she taught at. An astronomical sum of money is bequeathed for the benefit of the community. The biggest question is: how did these people manage to save up millions from these types of jobs? Frugality and saving up every penny is usually the way they did it, but at the same time, they passed on without properly enjoying the money. Many people want that type money in their prime: they want to be able to enjoy vacations, paying off debts, etc. Is it worth it to save a fortune, but not to be able to save it?  

On the flip side, the taxi driver (and the janitor referenced in the article above) left behind millions to their loved ones. At least the money wasn’t squandered. 

This story is no exception: a retired taxi driver by the name of John MacLellan, who worked as a taxi driver for 63 years until his retirement at the age of 83, left an entire community astonished when he entrusted his fortune to the St. Martha’s Regional Hospital in Nova Scotia. Located in Antigonish, St. Martha’s Regional Hospital is the only catholic hospital in the province. He passed away at 96 with a fortune in the bank. The inheritance will be put to good use. 

How did John leave behind a whopping $1.68 million to a hospital? Maybe some answers could be found here.