Law Offices Of Connie Yi, PC
Tell Us About Your Case

For the safety of our community, clients and staff, we have suspended all in-person meeting effective March 17, 2020. All consultation meetings will be via Phone or Zoom Video Conferencing. Please contact us at 925-484-0888 or email us directly at [email protected] to schedule the consultation.

Bay Area Estate And Tax Planning Law Firm
Estate Planning
Trust Administration and probate


Late pop star’s estate is hailed as a model for others to follow

| Feb 10, 2016 | Estate Taxes |

In January, the world was saddened to hear about the death of pop star David Bowie. Although his celebrity peaked in the 1970s and 80s, he continued to make music up until his death at the age of 69, when he died of cancer.

Mr. Bowie will be remembered not just for his music, but also for pushing cultural and gender boundaries. And in light of his passing, many are now learning another interesting aspect of David Bowie’s life: His penchant for estate planning.

In some ways, Bowie’s financial fortunes followed a familiar path among rock stars. After making millions of dollars early on, he eventually suffered financial struggles that nearly culminated in bankruptcy. In the 1990s, however, he worked with an investment banker to leverage his intellectual property and turn it into “Bowie Bonds.” The move was reportedly a huge success that gave Bowie and his family considerable financial security. By the time Mr. Bowie passed away, his estate was worth an estimated $200 million.

The precise details of his estate plan are not public knowledge. But many believe that his interest in estate planning likely resulted in generous, tax-minimal bequests to his wife and two children.

Contrary to popular belief, estate planning is not just for the very wealthy. Each of us has an estate, and we all want to ensure that our assets get passed along to help those we love. The best way to achieve that goal (and many others) is to work with an experienced estate planning attorney.



FindLaw Network

Recent Blog Post

What are reasonable fees to charge as a trustee in California?

When implementing an estate plan in California, it is essential to ensure that you receive the proper compensation for the amount of time and work you are putting in. The probate court will look through the amount you charge to see if it is reasonable, especially if...

What to know about life insurance trusts

California families have an exemption for their estate that keeps it from being subject to income taxes. However, above that $11.7 million, the estate tax bill could get large. This is why they need to take measures to reduce the size of their taxable estate. Life...

Are estate taxes headed for changes?

Not every inheritance involves paying estate taxes, but some estates rise above the federal exclusion amount. California residents that feel familiar with state and federal tax rules might not realize changes could happen. Namely, proposals intended to raise tax...

View More Blog Posts