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James Gandolfini's Estate May Face $30 Million Tax Bill

According to an Investment News' report, the heirs of James Gandolfini's estate could be faced with a $30 million tax bill. Gandolfini's estate is estimated to be worth approximately $70 million most of which was left to his two sisters. Gandolfini's will reportedly left 30% to each of two sisters, 20% to his infant daughter, Liliana, and 20% to his wife, Deborah Lin, and his clothing and jewelry to his 13 year old son. If this report is accurate, approximately $51 million of his estate is subject to both New York and Federal estate taxes which could result in a $30 million tax bill.

The Costello Law Group provides full service estate planning and estate administration services. If you have any questions regarding developing or updating your estate plan, please contact the Costello Law Group at (877) 418-0003.

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