my step mother Gloria, cousin Chuck Williams, Me, Dad, Bill Williams, my sister's Billee and Donna
This picture was taken in 2002, four years before my dad fell, hit his head and died after two brain surgery's to reduce the pressure on his brain. While in intensive care the surgeon told the family he was bleeding in the center of his brain. He lived for a week unconscious before dying. I'll never forget the phone call from my brother Preston, telling me "Dad's gone."
|My dad at 51, and me during the filming of Goodbye Norma Jean in 1974. He was in his prime and he had a Living Trust.|
It's bad enough going thorough the trauma of losing a parent, but having to deal with his estate, has been a 10 year nightmare. It still isn't settled after years of fighting a lawsuit and the economic downturn. The year he died, 2006, the Death Tax was around $2,000,000. meaning anything over that was taxed 55%. Today if a person dies and leaves an estate under $5,430,000 there is no Death Tax.
|My Dad in his late 60s, still robust and productive. He had a Living Trust.|
If my Dad hadn't had a living trust and a good Tax Attorney and Accountant the nightmare after his death, would have been unbearable. If you are considering a Living Trust do it now. I have one and have had it for over 10 years. I wouldn't want anyone to ever face Probate. I think you might be interested in seeing how an Estate Tax would impact your family today.