News

James Gandolfini’s Will: 5 Fast Facts You Need to Know

James Gandolfini Will

(Getty Images)

Details of James Gandolfini‘s will have been revealed and it is reported that the late star of HBO’s hit series The Sopranos left generous chunks of his $70 million estate to beloved friends and family members, with the bulk of it going to his son. Here’s what you need to know.

James Gandolfini Dies: Top 10 Facts You Need to Know

James Gandolfini, who played Tony Soprano on HBO's The Sopranos, has died of a heart attack in Italy at age 51.

Click here to read more

1. Gandolfini’s Will is a “Tax Disaster”

James Gandolfini Will
Top estate lawyer William Zabel says Gandolfini’s will is a “tax disaster” that could see over $30 million of his estimated $70 million estate go to the government, reports the New York Daily News. The “big mistake” in writing the will was leaving 80 percent of his estate to his sisters and his 9-month-old daughter, Zabel said, making the portion of the estate subject to death taxes of about 55 percent:

“It’s a nightmare from a tax standpoint,” Zabel said.


2. His Son Gets a $7 Million Life Insurance Policy

James Gandolfini Will
Besides receiving his father’s clothing and jewelry, 14-year-old Michael will be receiving a $7 million life insurance policy owned by a trust set up in his name, with the option to purchase Gandolfini’s Greenwich Village condominium in New York.

Your friends would be so into this — share it!

Share Tweet Share Email

3. Michael and his Half-Sister Also Get 50 Percent of His Italy Property

James Gandolfini Will
Michael and his half-sister, 8-month-old Liliana Ruth, will also be receiving a 50 percent stake in the property the late actor owns in Italy. The property is being held by a trust that will be available when Liliana turns 25.

“It is my hope and desire that they will continue to own said property and keep it in our family for as long as possible,” Gandolfini states in the will.


4. His Widow Gets All of Gandolfini’s Tangible Property

James Gandolfini Will
Besides Gandolfini’s clothing and jewelry, his widow, Deborah Lin, receives all of Gandolfini’s tangible property.


5. He Also Left Money to Other Friends and Family Members

James Gandolfini Will
Gandolfini left plenty of money to other various loved ones. He left $500,000 to each of his nieces, Laura and Jenna Antonacci. $200,000 each goes to his assistant, Trixie Flynn Bourne, and friend Thomas Richardson. His godson, Robert Parish gets $100,000, and friends Fatima Bae and Doug Katz each receive $50,000.

James Gandolfini Funeral: Top 10 Heartfelt Celebrity Tweets

Celebrities pour their hearts out on Twitter over James' Gandolfini's death.

Click here to read more

Respond To This

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More News you need to know

Follow

Get every new post delivered to your Inbox.

Join 431 other followers