Sectors
Foley & Lardner LLP partner Jason Kohout lent important context to a celebrity trust and estate matter in Business Insider.
Kohout provided a practical legal assessment to questions surrounding the estate of recently deceased actor Gene Hackman. “Most practitioners use this type of arrangement for almost all clients of a certain level of wealth,” he said of what is known of the Gene Hackman Living Trust.
Referring to Hackman’s will as a “pour over will,” Kohout said it is a “very common practice to avoid having the disposition of the estate become public.”
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