Tag: assets
Celebrity Estates: How Bob Marley’s Estate Took 30 Years to Settle

Celebrity Estates: How Bob Marley’s Estate Took 30 Years to Settle

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When Bob Marley passed away in 1981, he left behind a musical legacy, but no estate plan. Due to his religious beliefs, Marley didn’t create a will, and what followed was a legal firestorm: forged documents, disputed signatures and a tangled web of allegations involving his wife, attorney and accountant.

In this episode, David Lenok is joined by Noah Rosenfarb, CPA, founder of Wealthrive, to explore what happens when traditional estate planning tools, like wills, are off the table. Noah discusses:

  • The vital differences between wills and trusts 
  • Strategies like the Spousal Lifetime Access Trust 
  • Navigating estate versus revocable trusts 
  • The misunderstood role of communication in wealth preservation
  • Overcoming familial challenges in estate planning 
  • And more

Resources:

Connect With David Lenok:

Connect With Noah Rosenfarb:

About Our Guest:

Noah Rosenfarb is a third-generation CPA who learned early in life that becoming tax-efficient could accelerate the journey toward achieving financial goals. After attaining financial independence and stepping away from operating businesses, Noah began sharing his expertise with members of EO and YPO. The response was immediate—people started asking him for help.

Determined not to return to a traditional job, Noah assembled a team of accountants, lawyers, and financial planners. He personally trained them in the strategies he used to become Rich Beyond Money. One of his proudest accomplishments is knowing that entrepreneurs working with his team achieve better results than he could have delivered alone.

Noah openly shares the tools, resources, and strategies that created his own version of true freedom. With a track record that includes selling eight companies, taking one public, and completing more than 50 real estate investments valued near $1 billion, he brings more than technical expertise—he brings lived experience. He serves high-performing families who seek to balance qualitative life goals with quantitative financial strategies.

Based in Parkland, Florida, Noah lives with his wife, Amanda, and their two children. A passionate traveler, he’s visited over 70 countries across five continents.
REPLAY! Celebrity Estates Podcast David Bowie: The Financial Side Of A Music Catalog (Ep. 73)

REPLAY! Celebrity Estates Podcast David Bowie: The Financial Side Of A Music Catalog (Ep. 73)

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Named the Greatest Rock Star Ever after his death, David Bowie is a singer, songwriter and actor who left his mark on the world along with a $100 million dollar estate at the time of his death. 

Recently, his music catalog sold for a reported $250 million, higher than his initial estate value.

In this episode, David Lenok is joined by Stacie Jacobson, director of the wealth strategies group at AllianceBernstein, diving into the complexity of a music catalog as an asset for both the seller and buyer, along with details of the planning required before and after the transaction. 

Stacie discusses:

  • The difference between a musician’s catalog and their other traditional assets;
  • The impact of interest rate environments on unique investments;
  • Why music catalogs are traditionally sold as one unit over individual songs; and
  • How artists plan for selling their music catalog after they are gone.

Connect With Stacie Jacobson:

Connect With David Lenok:

About Our Guest:

Stacie works with athletes and entertainers on a variety of investment planning issues including multi generational wealth transfer, pre-transaction planning, charitable giving, retirement planning and asset allocation.
65. David Bowie: The Financial Side Of A Music Catalog

65. David Bowie: The Financial Side Of A Music Catalog

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Named the Greatest Rock Star Ever after his death, David Bowie is a singer, songwriter and actor who left his mark on the world along with a $100 million dollar estate at the time of his death. 

Recently, his music catalog sold for a reported $250 million, higher than his initial estate value.

In this episode, David Lenok is joined by Stacie Jacobson, director of the wealth strategies group at AllianceBernstein, diving into the complexity of a music catalog as an asset for both the seller and buyer, along with details of the planning required before and after the transaction. 

Stacie discusses:

  • The difference between a musician’s catalog and their other traditional assets;
  • The impact of interest rate environments on unique investments;
  • Why music catalogs are traditionally sold as one unit over individual songs; and
  • How artists plan for selling their music catalog after they are gone.

Connect With Stacie Jacobson:

Connect With David Lenok:

About Our Guest:

Stacie works with athletes and entertainers on a variety of investment planning issues including multi generational wealth transfer, pre-transaction planning, charitable giving, retirement planning and asset allocation.

 
Ep 56 – Elon Musk’s Charitable Limits With John Pantekidis

Ep 56 – Elon Musk’s Charitable Limits With John Pantekidis

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Between his six children and his illiquid assets in Tesla and SpaceX, Elon Musk’s claim to give half of his fortune to charity falls short. Yet only a few small steps would be required to increase his charitable giving and arrange support for his family.  

In this episode, David Lenok is joined by John Pantekidis of Twin Focus Capital. John shares his insight into the financial situation of Elon Musk, who was recently named the richest man in the world. 

John discusses Elon’s struggle to uphold his claims of philanthropic giving between his illiquid assets and support for a large family. John also discusses how others can avoid the pitfalls of keeping your wealth in illiquid assets and familial drama through premarital agreements and including the children in charity foundations. 

John discusses:

  • Why a premarital agreement should have been included when Elon Musk first married 
  • How his assets restrict his donation amount
  • What he should be doing to increase his charitable giving and passing money on to the next generation
  • The role of philanthropy in charitable giving

Connect With John Pantekidis:

Connect With David Lenok:

About Our Guest:

John is a partner at TwinFocus Capital and serves as the Chief Investment Officer (CIO) and General Counsel. In this role, John maintains a close working relationship with TwinFocus clients to help them design and expedite their investment strategies. He also leads the firm’s research efforts to develop new and creative asset allocation policies, oversee due diligence for manager search and selection, as well as write thought leadership commentary on global macroeconomic topics. Additionally, he has a keen interest in alternative investment fund formation and structuring, as well as analyzing complex tax aspects of alternative investments, pioneering studies on how to make hedge fund investing more tax efficient from an income and wealth transfer tax perspective. He is especially active on behalf of offshore clients, developing strategies to overcome cross-border impediments, tax, legal, and regulatory challenges, as well as cultural sensitivities to maximize inter-generational wealth transfer and succession planning.