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Wednesday, July 3, 2013

James Gandolfini Leaves Majority of $70 Million Estate to 13yr Old Son

Wow, James Gandolfini has left the majority of his $70 Million dollar estate to his 13 yr old son, Michael. Michael was traveling with his dad in Italy when he found his father on the floor of the bathroom and called for help. James died from a massive heart attack on June 19 in Rome Italy while on vacation. Ok here is the break down of the will that was filed on July 2nd in Manhattan's Surogate Court: Micheal who already has a trust set up for him will receive all of the $7 million life insurance proceeds, he will also receive all of his father's clothing and jewelry which includes an extensive watch collection, {James was also the spokesman for Kobold Watches (which I've never heard of! hahaha)} the watches will be distributed at Micheal's sole discretion if at all, Michael and his 8 month old half sister will share ownership in a house and land in Italy which James hopes they will " keep it in the family for as long as possible".  The remainder of the estate will be split among Gandolfini's two sisters, who will get 30 percent each, and his second wife Deborah Lin and daughter Liliana, who will each receive 20 percent. (Of note, the papers also state that "other provisions" outside the will have been made for his widow. She will also get any other "tangible personal property" that belonged to the star.) Gandolfini also left monetary payouts to a select few of his nearest and dearest, including his two nieces ($500,000 each), personal assistant ($200,000), secretary ($200,000), godson ($100,000), and two other friends ($50,000 each). Wow, so James was very generous to his nearest and dearest. But I am sure they would all prefer that he was still here. Rest in Peace James.

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