The family of the late techno-thriller author, Tom Clancy, is in the midst of a legal battle over estate taxes. Clancy’s wife, Alexandra Clancy, brought the suit in an attempt to have all taxes against Clancy’s estate, estimated to be $16 million, taken out of the share received by Clancy’s four children from a previous marriage. Alexandra Clancy claims that it was Clancy’s intention for her portion of his $83 million estate to fall under the marital exception and completely exempt her from tax liability. The personal representative for Clancy’s estate has until October 17, to respond.
See Scott Calvert, Tax Battle Brews Over Tom Clancy’s $83 Million Estate, The Wall Street Journal, Sept. 17, 2014.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
