Creative Artists

The untimely passing of actor, James Gandolfini unfortunately leaves his heirs with a potential $30 Million estate tax bill. They face a potential Inheritance Tax bill too, because the State of New Jersey taxes inheritances.  According to the New York Daily News, James Gandolfini, the late ‘Sopranos’ star’s will is ‘a disaster’ that could see over $30 million of his estimated $70 million estate go to the government, top estate lawyer William Zabel told the Daily News.   Due to ill advised planning, millions of dollars of the late actor’s estate may wind up with the IRS and the state of New York and New Jersey.

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