Philip Seymour Hoffman died in February 2014, survived by three children (Cooper, Tallulah, and Willa) and their mother Marianne O’Donnell. His estate is estimated to have a net value of $35 million. Perform a Google search using the words “Philip Seymour Hoffman will” and read the February 20, 2014 article by Deborah L. Jacobs from Forbes. Answer the following questions:
a. When did he execute the will?
b. Whom does his will name to receive his property?
c. What marital deduction will his estate receive?
d. If his will provides for a disclaimer, summarize its terms.
e. If Hoffman owned a $10 million life insurance policy on his own life, who will receive the insurance proceeds?