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An Estate Plan Can Be Vulnerable to Dispute

| Dec 1, 2016 | Uncategorized |

The details of director Curtis Hanson’s will leaves plenty of assets but not all in trust.

The long-time partner of film director Curtis Hanson has requested she be named executor of his estate, according to TMZ in “8 Mile Director Generous Will Covers His Kid and Many, Many More8 Mile Director Generous Will Covers His Kid and Many, Many More.” Hanson, who died of an apparent heart attack in September, left behind a trust naming long-time partner Rebecca Yeldham, their 12-year-old son and other family members as beneficiaries.

The assets in the trust are unknown but his estate contains approximately $5 million in assets that were not part of the trust. Those assets will have to be distributed according to his will.

As of now there are no known disputes over Hanson’s estate. However, it is important to note that despite having an estate plan, he may have left the estate vulnerable to disputes. Approximately $5 million in assets that have to be distributed is potentially enough for someone to consider mounting a challenge to his will.

For this reason, estate planning attorneys generally advise that valuable assets be transferred to a trust. It is not clear why Hanson did not have all of his assets in trust

Of course, as Hanson appears to have been generous with his family it is possible that everyone is satisfied. However, it is not known at this time whether anyone was left out of the will or trust.