Tag: Disinheritance
Celebrity Estates: Simon Cowell and Disinheritance in Estate Planning

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:

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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. 
61. DMX: Planning For Blended Families

61. DMX: Planning For Blended Families

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David Lenok is joined by John Pantekidis, chief investment officer and general counsel at Twin Focus, to discuss the struggles of determining inheritance with children from multiple partners and the legal and tax issues when children are taken into account.

With over 74 million records sold worldwide and a lucrative career that took him in many directions, Earl Simmons, better known as rapper DMX, died in April 2021. He left behind a complex inheritance scenario with fifteen children, and his fiancée Desiree Lindstrom’s attempts to be recognized as his common law partner through the courts.

In this episode, David and John address the laws and rights of partners, ex-wives and children in complex situations such as this.

They discuss:

  • How divorce can complicate relations and inheritance after death;
  • The importance of estate planning in all scenarios;
  • Why disinheritance can be a benefit;
  • and more.

Connect With John Pantekidis:

Connect With David Lenok:

About Our Guest:

John is a managing partner at TwinFocus and serves as the Chief Investment Officer (CIO) and General Counsel. John has been with the firm since January 2007, six months after the firm’s launch. In this role, he heads the firm’s investment research and complex tax planning efforts, working closely with clients to help them design and implement innovative family office structures.

As the firm’s CIO, he also leads research efforts to develop new and creative investment policies, oversees due diligence for manager search and selection, and plays a multi-faceted role in guiding the firm’s private investment activities by identifying, negotiating, modeling, and structuring deals from a fundamental investment and multi-generational perspective. John has also designed and implemented the firm’s sophisticated options overlay program.