176: Behind the Headlines: Gene Hackman's Estate Plan and What We Can Learn

Absolute Trust Talk

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1M ago 13:57

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In this episode of Absolute Trust Talk, Kirsten Howe, managing attorney at Absolute Trust Counsel, and associate attorney Jessica Colbert examine the estate of beloved actor Gene Hackman. They meticulously analyze the available court records from Santa Fe County, New Mexico, and contrast them with California's probate procedures. The attorneys skillfully debunk sensationalized headlines about Hackman's will, explaining the mechanics of pour-over wills and why media claims about his children being "cut out" are potentially misleading. While much of the discussion is speculation, they provide valuable insights into how proper estate planning anticipates contingencies like beneficiaries predeceasing the trustor. This episode demonstrates why understanding the difference between public court filings and private trust documents is crucial for anyone planning their estate.

Time-stamped Show Notes:

0:00 Introduction

2:39 Unraveling the court filings: What exactly was submitted in Santa Fe County after Gene Hackman's death?

3:46 Who is Julia Peters, and how did she become the personal representative of Hackman's estate?

5:00 California vs. New Mexico: Next, let’s dive into how "informal probate" creates a dramatically different process.

7:03 Separating fact from fiction: What headlines get wrong about Hackman's estate planning.

8:05 "His children are cut out." Here, Kirsten and Jessica debunk the sensational claims about Hackman's will.

10:00 The unexpected twist: What happens when a primary beneficiary predeceases the trustor?

11:44 The mysterious "GEBE" trust is revealed. Listen in as Kirsten and Jessica explore Hackman's power of appointment.

13:32 Why Hackman's true wishes may remain private forever - Unless litigation changes everything.

140 episodes

176: Behind the Headlines: Gene Hackman's Estate Plan and What We Can Learn

Absolute Trust Talk

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published 1M ago