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America’s Best Estate Plans
Elizabeth Harris
08/01/2007
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Wealth represents so much more than money—especially when wealth holders begin to consider what they will
actually leave their heirs. This year, in our annual appraisal of a select group
of American families that found unique ways to overcome the most vexing
estate-planning challenges, all of our subjects share a particular problem: A
patriarch’s life work is at stake. In one case, the heirs to a large family
foundation set themselves up as de facto guardians of their state’s
less-fortunate residents, but must find a way to carry on their philanthropy for
decades to come. In the second, family business leaders struggle with a method
for shielding their enterprise from the impending estate taxes that could end
its historic life. Finally, the owner of a Chinese art collection that survived
the fall of the Qing dynasty, rebellion, war and a revolution strives to
maintain it for future generations.
Alternatively, since we published our examination of the top
estates last year, the tabloids and talk shows have been rife with tales of
serious estate-planning neglect. We recap some of these beginning below.
Additional Information
 The Rasmuson Estate
The Hooker Estate
The Weng Estate The Worst Estates of the Year
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