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Spartacus Star leaves wealth to charity

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At the amazing age of 103, Hollywood and the world lost one of its most legendary actors and stars of the sliver, Kirk Douglas early last month.  

Following the publication of his Will, it has now emerged that Kirk bequeathed his entire fortune to charity, through the Douglas Foundation – which he founded with his wife Anne.  According to the charities website; “The Douglas Foundation’s principal goal is to help those who cannot otherwise help themselves.  Its primary focus is improving the education and health, fostering the well-being, and most importantly developing new opportunities for the children who hold our future in their hands.  Recognising the crisis in health care today, the Douglas Foundation also lends its support to medical research, equipment, and programs within the health system that strive to enhance the quality of care in local communities.”

So far, $50m of his $61m legacy has been distributed, with beneficiaries including: St Lawrence University, Westwood’s Sinai Temple, Culver City’s Kirk Doulas Theatre and a Children’s Hospital in Los Angeles. It has not yet been reported how or where the final $11m will be shared out to good causes. However, it appears that his son and equally as well know Hollywood actor and star, Michael Douglas, along with Michael’s wife and renowned actor Catherine Zeta Jones, have not received anything in the Will. Michael is reported to have amassed his own fortune of over $300m and so is probably not too concerned about his father’s generous ‘give away’!

Thinking of leaving a donation to charity in your Will? We are here with expert advice for all your planning needs.

Redwood Financial is one of the south’s leading Investments, Pensions,Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning, Lasting Powers of Attorney, Probate, Pensions, Savings & Investments, we can advise on any situation.

We are winners of the prestigious Will Writing Firm of the Year 2018, and an approved member of the Trading Standards Buy With Confidence Scheme

Jasmine Lambert Chartered Financial Adviser in Southampton
Jasmine Lambert

Jasmine has been a qualified Financial Planner since 2008. She has also been a member of the Society of Will Writers since 2012. She is passionate about helping Clients build their wealth and achieve the financial lifestyle they desire. Her areas of expertise are that of Savings, Investments, Pensions and Retirement Planning.

Redwood Financial is one of the south’s leading Investments, Pensions, Wills, Trusts & Estate Planning providers and we are dedicated to helping families to grow, protect and enjoy their wealth. With our unrivalled knowledge of Estate Planning, Lasting Powers of Attorney, Probate, Pensions, Savings & Investments, we can advise on any situation.
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