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Celebrity Estates

Celebrity Estates: Carrie Fisher, Debbie Reynolds and Planning for Collectibles

Clients face a number of potential issues when planning for valuable 'passion' assets.


Collectibles have different values depending on who collected them, who owns them and who wants them. 

In this episode, David Lenok, senior editor at, talks again with Sarah McDaniel, a CFA and Head of Family Office Resources Generalists, Head of Wealth & Estate Planning Strategists and Head of Art Resource Team (ART) at Morgan Stanley. Together, they discuss estate planning for collectibles. David and Sarah explore the case of actor Billie Lourd, who not only inherited a bulk of her late mother, Carrie Fisher’s, and grandmother Debbie Reynolds’ estates but also their large collections of Hollywood memorabilia. 

Kevin Mazur/Getty Images Entertainment/Getty ImagesBillie Lourd, Debbie Reynolds and Carrie Fisher

Billie Lourd, Debbie Reynolds and Carrie Fisher

In this episode, you will learn:

  • The story behind the building and selling of Debbie Reynolds’ and Carrie Fisher’s memorabilia collections;
  • What issues clients face when planning for collectibles or passion assets;
  • How capital gains tax can affect the selling of collections;
  • Examples of how price permanence varies across collectibles;
  • What to consider before leaving collectibles to a museum;
  • And more!

Alberto E. Rodriguez/Getty Images Entertainment/Getty Imagessound-of-music-memorabilia.jpg

Alberto E. Rodriguez/Getty Images Entertainment/Getty Images

Learn how to help your clients plan for their collectibles!

Listen to the podcast

Browse more episodes in this podcast series. ... 

The Celebrity Estates: Wills of the Rich and Famous podcast is available on Apple PodcastsAndroidStitcher and wherever podcasts are found. 

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