Not As Bad As It Sounds
It might sound bad if you did not know that last part. There is a good chance that Burt Reynolds did this for monetary reasons. When The Sun reported on this story, it said, “Leaving loved ones money through a trust – rather than a will – is apparently a common move to avoid paying estate taxes.”
Not As Bad As It Sounds
His Old Financial Mistakes
But the truth is that Burt Reynolds had not always been careful with his money. As a matter of fact, he nearly lost everything after he filed for bankruptcy in 1996. Even though the divorce with Loni Anderson cost him a lot of money, he spent his cash on other things. There was a time when the actor allegedly had a private jet, a couple of luxurious real estate properties, and toupees worth $100,000.
His Old Financial Mistakes
