Tony Soprano, the famous lead character on HBO’s mafia drama The Sopranos, didn’t worry much about the IRS. Apparently James Gandolfini, the actor who brilliantly portrayed the thug on the long-running drama, didn’t either.
Gandolfini died of a heart attack on June 19 in Rome. Last week, the details of his will became public, and estate planning experts quickly pointed out that its structure could cost his heirs millions in taxes that could have been avoided with proper planning.
It appears that Gandolfini was among the 120 million Americans who don’t have an up-to-date estate plan to protect themselves and their family in case of sickness, accident or death.