`Lessons' from the Bob Magness Estate

Duff, Richard W.
April 1998
Journal of Financial Planning;Apr98, Vol. 11 Issue 2, p38
Academic Journal
The article presents information on estate planning as it relates to the estate of the late Bob Magness, founder of TeleCommunications Inc. (TCI) in Colorado. Magness did not know much about estate planning and it created some consequences for his widow, sons and the company he left behind. Before Magness died, there were few secrets about his holdings and wealth. It was public knowledge that he owned million shares of TCI stock and million shares of Liberty Media. Soon after Magness' death, the press announced that the estate had problems. The contents of Magness' will were also tackled in the article.


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