Lauren Bacall
died on August 12, 2014, at the age of 89.
Lauren BacallShe began her career as a fashion model and made her acting
debut on Broadway. She starred in films
directed by Humprey Bogart, whom she later married. When auditioning for her first film, To Have
and Have Not (1944), Lauren Bacall pressed her chin against her chest and
tilted her eyes upward toward the camera to minimize her quivering from nerves. Known as “the look,” Lauren Bacall became an
iconic figure and often played the independent and sultry femme fatale
character.
Lauren Bacall left a large estate, approximately $26 million. She is survived by three children and six
grandchildren. She named all three
children as executors of her estate. The
children and grandchildren received the bulk of the estate. Specifically, she
left $10,000 to her son, to care for her dog.
She also left a large sum to
two employees. Lauren Bacall left gifts
of $250,000 to each of her grandsons.
She said that she wanted the money to be used for college. The boys can have the rest of the money when
they reach the age of 30. Ms. Bacall’s
estate includes her co-op apartment in New York, royalties, tangible personal
property, cash and the remainder of a trust left to her by Humprey Bogart.
Ms. Bacall’s iconic status
makes her estate interesting, but her choice to include certain will provisions
is also compelling. She exercised many
options that everyday people and families may also wish to exercise.
Many people wish to leave
money for specific purposes; college education, the care of another, or to
benefit a charitable organization.
People often choose to delay access to funds until the beneficiary
reaches a certain age. Many of us care
deeply for our pets, and like Lauren Bacall, would benefit knowing that we can
leave a portion of our estate specifically for the care of our precious animal
family members. Altman & Associates
can help you plan for the future and carry out your wishes, whatever they may
be. Call us today to set up a
consultation!
