Celebrity Estates: Wills of the Rich and Famous

In this episode of Celebrity Estates, host David Lenok welcomes Oliver Pursche, senior vice president at Wealthspire Advisors, for a deep dive into the estate complexities surrounding Leonard Lauder’s famed art collection. From cubist masterpieces to staggering valuations, they explore how collectibles impact balance sheets, spark family conflict and raise nuanced estate planning questions. Here’s what to expect from this episode: * The emotional psychology behind collecting and why it matters to advisors * How valuation types (fair market vs. insurance vs. resale) shape tax and succession planning * What advisors must know about collaborating with clients’ outside experts * Strategies to handle heirs with unequal interest in inherited collections * And more! Resources: * Listen to Celebrity Estates on WealthManagement.com [https://www.wealthmanagement.com/program/celebrity-estates] * Subscribe and listen to Celebrity Estates on Apple Podcasts [https://podcasts.apple.com/ca/podcast/celebrity-estates-wills-of-the-rich-and-famous/id1466224736] * Subscribe and listen to Celebrity Estates on Spotify [https://open.spotify.com/show/2tTjOQRtHIqSUoY6K4GwMS] * Trust and Estates Magazine [https://subscriptions.wealthmanagement.com/?p=TPDCST] Connect With David Lenok: * david.lenok@informa.com [david.lenok@informa.com]  * WealthManagement.com [https://www.wealthmanagement.com/] * LinkedIn: David Lenok [https://www.linkedin.com/in/david-lenok-a481432a/] * LinkedIn: Informa [https://www.linkedin.com/company/informa/] * LinkedIn: WealthManagement [https://bit.ly/WealthManagementLI] Connect With Oliver Pursche: * Wealthspire Advisors [https://www.wealthspire.com/] * LinkedIn: Wealthspire Advisors [https://www.linkedin.com/company/wealthspireadvisors/] * LinkedIn: Oliver Pursche, CEPA, AAMS [https://www.linkedin.com/in/oliverpursche/] * (800) 994-3766 About Our Guest: Oliver serves as an advisor based in the firm’s Westport, Conn. and New York offices and is an Accredited Asset Management Specialist (AAMS®). He joined the team with over 25 years in financial services, having worked with independent RIAs, regional Broker Dealers, banks and bank trust departments, and family and multi-family offices. Before coming to Wealthspire, he worked at Bruderman Asset Management, where he served most recently as the interim Chief Market Strategist and Vice Chairman of the Board, and previously as Chief Executive Officer. While concluding his tenure at Bruderman, he simultaneously served as Chief Investment Officer and Chief Market Strategist at EsteV LLC. He has also held leadership positions at Gary Goldberg Financial Services, Trust Company of America, and Neuberger Berman. Oliver is an experienced global macro market strategist with significant media and corporate communications experience, as well as a published author. Active in the industry and his community, he served on the Cherie Blair Foundation for Women Entrepreneurs Advisory Board, Westport Arts Center Board, and Harvard Business Review Advisory Board, among others. Originally from Germany, Oliver has resided in Fairfield, CT since 1984 and likes to stay active by playing tennis, scuba diving, and participating in competitive trap and skeet shooting in his free time.

Victoria Gray, deputy chairman of Bonhams North America, has spent decades curating and managing some of the most iconic celebrity estate auctions. From U.S. Sen. Dianne Feinstein’s six homes to Supreme Court Justice Ruth Bader Ginsburg’s salt and pepper shakers, she reveals how intimate artifacts transform into coveted treasures worth thousands. With a blend of art, emotion, and strategy, Victoria shares how storytelling and authenticity drive the value of these items, offering a rare glimpse into the private lives of public figures and the meticulous process of estate auctions. Join WealthManagement.com Senior Editor David Lenok and Victoria for a fascinating discussion on the intersection of celebrity, legacy and financial planning. Victoria shares insights into: * The importance of in-situ photography for authenticity and buyer confidence * How generational and first-time bidders are reshaping the auction landscape * Strategies for appraising estate items for tax filings and sale timing * Lessons advisors can learn from celebrity estate planning challenges Resources: * Listen to Celebrity Estates on WealthManagement.com [https://www.wealthmanagement.com/program/celebrity-estates] * Subscribe and listen to Celebrity Estates on Apple Podcasts [https://podcasts.apple.com/ca/podcast/celebrity-estates-wills-of-the-rich-and-famous/id1466224736] * Subscribe and listen to Celebrity Estates on Spotify [https://open.spotify.com/show/2tTjOQRtHIqSUoY6K4GwMS] * Trust and Estates Magazine [https://subscriptions.wealthmanagement.com/?p=TPDCST] Connect With David Lenok: * david.lenok@informa.com [david.lenok@informa.com]  * WealthManagement.com [https://www.wealthmanagement.com/] * LinkedIn: David Lenok [https://www.linkedin.com/in/david-lenok-a481432a/] * LinkedIn: Informa [https://www.linkedin.com/company/informa/] * LinkedIn: WealthManagement [https://bit.ly/WealthManagementLI] Connect With Victoria Gray: * Bonhams [https://www.bonhams.com/] * LinkedIn: Bonhams [https://www.linkedin.com/company/bonhams] * LinkedIn: Victoria Gray [https://www.linkedin.com/in/victoria-gray-3612a05] * Email: Victoria.Gray@bonhams.com [Victoria.Gray@bonhams.com]  About Our Guest: Victoria R. Gray is a Bonhams Vice President and Director of the Valuations, Trusts & Estates Department as well as Head of Office for Bonhams San Francisco. Since joining Bonhams San Francisco in 2003, she has taken on the responsibilities of managing and developing relationships and mutual business opportunities with trust & estate attorneys, trust officers, wealth managers, certified public accountants, and other fiduciary and professional advisors throughout the United States. Victoria assists clients in a variety of areas utilising Bonhams’ services, including appraisals, auctions, and private treaty sales. In 2007 and 2008, Victoria worked frequently in the Bonhams Hong Kong office, helping drive forward the company’s expansion in the Asian market, including holding the first wine auction in Hong Kong in 2007. In 2008, Victoria was relocated to the Bonhams New York office, where she was tasked with building and expanding the Trusts & Estates Department for the US East Coast. After 5 years as Director and Head of Trusts & Estates in the New York Office, Victoria relocated back to the San Francisco office in 2012, where she has been running the Trusts & Estates group in San Francisco ever since. In addition to being Vice President of Trusts & Estates, Victoria is Head of Office for San Francisco and manages business development opportunities. In addition to her Trusts & Estates responsibilities, Victoria has also served as one of Bonham’s lead auctioneers since 2014, selling auctions ranging from wine, guns, jewellery, Asian works of Art, and Fine Art. In addition to Bonhams auctions, Victoria also serves as a charity auctioneer. Victoria holds a BA in Art History from Bucknell University, and prior to joining Bonhams in San Francisco, Victoria worked at Sotheby’s auction house in New York. Victoria gives frequent lectures and presentations on the art market and appraisals and has recently presented to the Peninsula Estate Planning Council, ACTEC California Fellows annual meeting, and ArtTable Seattle.

Leon Spinks shocked the world in 1978 when, in just his eighth professional fight, he defeated Muhammad Ali to become the undisputed heavyweight champion, a victory still regarded as one of boxing’s greatest upsets. Yet, despite his early success and multimillion-dollar earnings, financial missteps and the long-term effects of brain injuries would take a heavy toll. At his lowest point, Spinks worked as a janitor and fast-food worker in Nebraska. But with the unwavering support of his wife Brenda, he eventually found peace and stability in Las Vegas, where he remained a cherished figure in the boxing community until his death from prostate cancer at age 67. Join WealthManagement.com Senior Editor David Lenok as he sits down with advisor and author George Stefanou for an insightful conversation on the unique estate planning challenges faced by first-generation millionaires. Together, they explore the emotional complexities and generational tensions that arise when “old country” values meet modern American dreams—and how advisors can help families navigate the delicate balance between legacy, lifestyle, and long-term stewardship. George shares insights into: * Challenges faced by first-generation millionaires * The emotional side of estate planning and the importance of family conversations * How heirs can avoid a ‘windfall mentality’  * Strategies for fostering family cohesion and legacy * The expanded role of advisors, including the need for increased financial literacy * And more Resources: * Listen to Celebrity Estates on WealthManagement.com [https://www.wealthmanagement.com/program/celebrity-estates] * Subscribe and listen to Celebrity Estates on Apple Podcasts [https://podcasts.apple.com/ca/podcast/celebrity-estates-wills-of-the-rich-and-famous/id1466224736] * Subscribe and listen to Celebrity Estates on Spotify [https://open.spotify.com/show/2tTjOQRtHIqSUoY6K4GwMS] * Trust and Estates Magazine [https://subscriptions.wealthmanagement.com/?p=TPDCST] * Two-Comma Wealth [https://a.co/d/0ZMRgsP] by George Stefanou, CFP®, CPWA®, CEPA® Connect With David Lenok: * david.lenok@informa.com [david.lenok@informa.com]  * WealthManagement.com [https://www.wealthmanagement.com/] * LinkedIn: David Lenok [https://www.linkedin.com/in/david-lenok-a481432a/] * LinkedIn: Informa [https://www.linkedin.com/company/informa/] * LinkedIn: WealthManagement [https://bit.ly/WealthManagementLI] Connect With George Stefanou: * Two-Comma Wealth [https://twocommawealth.com/] * Edward Jones: George Stefanou [https://www.edwardjones.com/us-en/financial-advisor/george-stefanou] * LinkedIn: George Stefanou [https://www.linkedin.com/in/george-stefanou-edward-jones/] * Facebook: George Stefanou [https://www.facebook.com/edwardjonesorlando/#] About Our Guest: George is a first-generation Greek-American and a 2023 & 2024 Forbes Best-in-State Top Next-Gen Wealth Advisor, serving as the financial guru behind “Two-Comma Wealth.” As a University of Central Florida alumnus and avid football fan, George brings a unique perspective to the world of personal finance. Alongside his roles as a devoted husband to Kristin and father to Ella and Aubrey, George is a CERTIFIED FINANCIAL PLANNER™ [https://s.w.org/images/core/emoji/15.1.0/72x72/2122.png] professional who also holds the following advanced credentials: Certified Exit Planning Advisor (CEPA®), Certified Private Wealth Advisor® (CPWA®), Accredited Asset Management Specialist℠ (AAMS®), Chartered Retirement Plans Specialist℠ (CRPS®) and Chartered Retirement Planning Counselor℠ (CRPC®). Drawing on over 15 years of experience and thousands of diverse client interactions, George has developed a talent for humanizing finance, helping clients navigate the complexities of wealth management while empowering both investors and advisors.

When Bob Marley passed away in 1981, he left behind a musical legacy, but no estate plan. Due to his religious beliefs, Marley didn’t create a will, and what followed was a legal firestorm: forged documents, disputed signatures and a tangled web of allegations involving his wife, attorney and accountant. In this episode, David Lenok is joined by Noah Rosenfarb, CPA, founder of Wealthrive, to explore what happens when traditional estate planning tools, like wills, are off the table. Noah discusses: * The vital differences between wills and trusts  * Strategies like the Spousal Lifetime Access Trust  * Navigating estate versus revocable trusts  * The misunderstood role of communication in wealth preservation * Overcoming familial challenges in estate planning  * And more Resources: * Listen to the latest episodes of Celebrity Estates [https://www.wealthmanagement.com/featured-series/celebrity-estates] * Trust and Estates Magazine [https://subscriptions.wealthmanagement.com/?p=TPDCST] Connect With David Lenok: * david.lenok@informa.com [david.lenok@informa.com]  * WealthManagement.com [https://www.wealthmanagement.com/] * LinkedIn: David Lenok [https://www.linkedin.com/in/david-lenok-a481432a/] * LinkedIn: Informa [https://www.linkedin.com/company/informa/] * LinkedIn: WealthManagement [https://bit.ly/WealthManagementLI] Connect With Noah Rosenfarb: * connect@wealthrive.com [connect@wealthrive.com] * Talkabouttax.com [http://talkabouttax.com]  * LinkedIn: Noah Rosenfarb, CPA [https://www.linkedin.com/in/noahrosenfarb/] * LinkedIn: Wealthrive Inc. [https://www.linkedin.com/company/wealthriveinc/] * (855) 540-0400 About Our Guest: Noah Rosenfarb is a third-generation CPA who learned early in life that becoming tax-efficient could accelerate the journey toward achieving financial goals. After attaining financial independence and stepping away from operating businesses, Noah began sharing his expertise with members of EO and YPO. The response was immediate—people started asking him for help. Determined not to return to a traditional job, Noah assembled a team of accountants, lawyers, and financial planners. He personally trained them in the strategies he used to become Rich Beyond Money. One of his proudest accomplishments is knowing that entrepreneurs working with his team achieve better results than he could have delivered alone. Noah openly shares the tools, resources, and strategies that created his own version of true freedom. With a track record that includes selling eight companies, taking one public, and completing more than 50 real estate investments valued near $1 billion, he brings more than technical expertise—he brings lived experience. He serves high-performing families who seek to balance qualitative life goals with quantitative financial strategies. Based in Parkland, Florida, Noah lives with his wife, Amanda, and their two children. A passionate traveler, he’s visited over 70 countries across five continents.

After four decades of acting and winning multiple awards, Gene Hackman was found dead in his home at the age of 95, along with his wife and primary caretaker, Betsy Arakawa. Forensics uncovered that his wife predeceased him, leaving him to struggle with Alzheimer’s alone before passing away one week later. Join WealthManagement.com Senior Editor David Lenok, and Jackie Bevilaqua a partner at Warshaw Burstein, as they delve into the tragic and unexpected circumstances of Hackman’s final days, exploring pressing questions about elder care, cognitive decline and how to safeguard clients against unforeseen complications. They discuss: * Challenges in estate planning for cognitively impaired clients  * The importance of ongoing revision and understanding of estate plans  * How societal shifts impact elder care and estate planning * The significance of community support systems in elder law * Legal nuances of simultaneous deaths and the implications for estates Resources: * Listen to the latest episodes of Celebrity Estates [https://www.wealthmanagement.com/featured-series/celebrity-estates] * Trust and Estates Magazine [https://subscriptions.wealthmanagement.com/?p=TPDCST] Connect With David Lenok: * david.lenok@informa.com [david.lenok@informa.com]  * WealthManagement.com [https://www.wealthmanagement.com/] * LinkedIn: David Lenok [https://www.linkedin.com/in/david-lenok-a481432a/] * LinkedIn: Informa [https://www.linkedin.com/company/informa/] * LinkedIn: WealthManagement [https://bit.ly/WealthManagementLI] Connect With Jacqueline Bevilaqua: * LinkedIn: Jacqueline Bevilaqua [https://www.linkedin.com/in/jacqueline-bevilaqua-819b5651/] * Warshaw Burstein [https://www.wbny.com/] About Our Guest: Mrs. Bevilaqua has focused her practice on trusts and estates law since 2013. She has a strong background in estate planning and estate and trust administration for a diverse clientele, particularly complex issues of gift, estate and trust taxation. She also has significant experience in international estate planning, foreign account tax act compliance, and pre-immigration tax planning. In addition, Ms. Bevilaqua is well-versed in counseling nonprofit corporations on regulatory, governance and federal and state tax compliance matters.