Lucas and his team of financial advisors
as part of our
Charles Sizemore gave his thoughts to the
Wall Steet Journal's
Quentin Fottrell on George Lucas' decision to sell his
film empire to
Disney ($ DIS)
for $4.05 billion in cash and stock and what its implications
are for financial and estate planning:
By cashing out now, experts say the filmmaker spared his
family the need to pick up the pieces of his empire after he's
gone. It also allows him to focus his remaining years on his
charitable endeavors - particularly Edutopia and the George Lucas
Educational Foundation, which he founded in 1991. "I am
dedicating the majority of my wealth to improving education,"
Lucas wrote in 2010 (pdf) on GivingPledge.com , which
invites the world's wealthiest people to commit most of their
money to philanthropy.
Since none of Lucas's three adopted children plan to take over
his film empire, financial advisers say the strategy will save
his heirs the the responsibility of managing their inheritance -
and potentially going through the often long and fraught process
of dividing it…
Of course, Lucas is far wealthier than the average American
business owner. "With smaller mom-and-pop businesses [this kind
of planning] can be more complicated," says
, a financial adviser based in Dallas, Tx. The owner of a
restaurant or a landscaping business probably won't have the
option of selling to a Fortune 500 company, he says. "They may
have to bring on a junior partner or work out a royalty
arrangement with a new buyer," he says.
To read full article see "George Lucas Jedi Estate Planning"
The post The Disney - Lucasfilm Merger and its Lessons for
Financial Planning appeared first on Sizemore Insights.