New Clues In Philip Seymour Hoffman's Costly Estate Plan

July 22, 2014 6:25 AM

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New Clues In Philip Seymour Hoffman's Costly Estate Plan

At the time of Philip Seymour Hoffman’s death, there were at least 7 Tips From Philip Seymour Hoffman’s Estate. Now, five months later, court documents reveal more yet seem to confirm that Mr. Hoffman may have wanted it this way. No matter how tax inefficiencies may cause bean counters like me to shudder, this was Mr. Hoffman’s money and he could do with it what he chose.

Of course, we can’t truly know. Did he intend paying an unnecessary $15 million in taxes out of a $35 million dollar estate, whittling it down to $20 million? The IRS might like it, but most taxpayers sure wouldn’t.

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