Celebrity Estates: Simon Cowell and Disinheritance in Estate Planning
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Simon Cowell, reality star and record producer, has an estimated net value worth of $600 million. How much of that will be left for his son? According to him, nothing.
Listen in as host David Lenok is joined by Thomas Kopelman, head of community at Estate Planning platform wealth.com and co-founder of All Street Wealth. Together, they discuss how Simon plans to handle his $600 million estate and the broader implications of disinheriting heirs.
Cast your vote toward Simon’s decision as David and Thomas highlight:
- The rationale behind Simon’s motives for his estate plans
- “Affluenza”- a supposed psychological condition affecting wealthy individuals
- Opinions on ‘disinheritance,’ the act of not passing wealth down to future generations
- Estate planning decisions are personal, reflecting what is important to the individual
- The importance of supporting children while alive rather than solely through posthumous financial gifts
- And more
Resources:
Connect With Thomas Kopelman:
Connect With David Lenok:
- david.lenok@informa.com
- WealthManagement.com
- LinkedIn: David Lenok
- LinkedIn: Informa
- LinkedIn: WealthManagement
About Our Guest:
Thomas is a financial planner, the co-founder of AllStreet Wealth, as well as a blogger, podcaster, content creator, Top 23 Millennial Advisor (Business Insider), and a Top Young Advisor to Watch in 2023 (FA Mag)
After graduating from Butler University, Thomas spent his entire career in the financial services industry as a financial planner. Thomas is passionate about helping millennials cut through the noise and figure out how to use their resources to accomplish what they truly want in life.