FYI: Hollywood star Burt Reynolds intentionally left his son out of his will, but it doesn’t appear to be a case of bad blood.
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Instead, the actor, known for his roles in “Smokey and the Bandit” and “Deliverance,” appears to be providing for his 30-year-old son via a trust.
For financial planners, the story seems to underscore the advantages of using trusts to pass on wealth.
Regards,
Ted
https://www.barrons.com/articles/what-burt-reynolds-can-teach-us-about-trusts-1537381921?mod=hp_RTA
