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Why did Burt Reynolds leave his son out of his will?
Why did Burt Reynolds leave Quinton out of his will?
Why did Burt Reynolds leave his niece in charge of his estate?
Who is Burt Reynolds son Quinton Reynolds?
Sep 18, 2018 · Screen legend Burt Reynolds left his only son out of his will — but did not cut him out. The will, which was obtained by TMZ, says of Quinton, “I intentionally omit him from this,...
Sep 18, 2018 · September 18, 2018. Burt Reynolds left his niece, Nancy Lee Brown Hess, in charge of his estate rather than his son, Quinton, but there seems to be an explanation for the late actor’s wishes....
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- Taryn Ryder
Sep 18, 2018 · But now Quinton Reynolds is in the news as the only son of Burt Reynolds, who died Sept. 6 at age 82. It’s been reported that Reynolds “intentionally” left Quinton Reynolds out of his will and...
Oct 1, 2018 · Did the famous actor coldly exclude his son from inheriting any of his estimated $5 million fortune? Fortunately for Quinton, no. While he won’t inherit directly under his father’s Will, the Will specifically states that Reynolds provided for Quinton through a Trust .
- Trusts Are Not Taxable
- Trusts Avoid The Publicity and Delay of Probate
- Trusts Create A Built-In Financial Manager
As the old saying goes, the only two things that are unavoidable are death and taxes. Or are they? Estate taxes can be avoided through an irrevocable trust. Currently, the first $5.6 million of an individual's estate is not taxed. If assets are left in trust, they are no longer part of the taxable estate, and therefore do not fall under the $5.6 mi...
All estates left to be divided through a will, rather than a trust, must go through the Probate Courts. This is a long, drawn out, public process. If Reynolds wanted to protect the privacy of the assets in his estate, they are best given to a beneficiary through a private trust. Also, if he wanted to make sure his son didn't have to wait a few year...
Generally, when assets are in a trust, there is a trustee that serves as the financial gatekeeper of the estate. That trustee holds the assets "in trust" for the beneficiary so that the beneficiary cannot spend them any old way desired. Rather, with a trust, assets are usually trickled out, according to the desires of the grantor. The trustee serve...
Sep 18, 2018 · Mystery surrounds the decision by Burt Reynolds, who died at age 82 in Florida, this month, to intentionally leave his son Quinton out of his will, a move revealed in court documents...
Oct 22, 2020 · According to TMZ, the Smokey and the Bandit movie star didn't make the shocking move to leave his 30-year-old son, Quinton, out of his will in order to keep his millions away from him....
