James Gandolfini’s Estate May Face $30 Million Tax Bill
By Tom Costello of Costello Law Group
According to an Investment News’ report, the heirs of James Gandolfini’s estate could be faced with a $30 million tax bill. Gandolfini’s estate is estimated to be worth approximately $70 million most of which was left to his two sisters. Gandolfini’s will reportedly left 30% to each of two sisters, 20% to his infant daughter, Liliana, and 20% to his wife, Deborah Lin, and his clothing and jewelry to his 13 year old son. If this report is accurate, approximately $51 million of his estate is subject to both New York and Federal estate taxes which could result in a $30 million tax bill.