Hollywood lost a legend in February 2025 with the passing of Oscar-winning actor Gene Hackman at the age of 95. With a career spanning over four decades, Hackman left behind a powerful cinematic legacy through films like The French Connection, Hoosiers, Superman, and The Royal Tenenbaums. Yet, in the wake of his death, it’s the uncertainty surrounding his $80 million estate that’s making headlines.
Hackman’s Will named his wife, Betsy Arakawa, as the sole beneficiary. However, she tragically passed away just a week before him, resulting in his estate being considered intestate—without a valid beneficiary. The couple’s simultaneous deaths under unusual circumstances raised questions initially, but authorities have ruled out foul play. Arakawa died from a rare virus on February 11, while Hackman succumbed to natural causes related to heart disease and Alzheimer’s on February 18.
It’s likely Hackman’s three children from a previous marriage will inherit under U.S. intestacy laws. Arakawa’s Will included a charitable trust provision in the event they both passed within 90 days—a clause that will now come into effect.
Hackman’s case highlights the critical importance of keeping estate plans current:
- Always include backup beneficiaries – Naming a sole heir is common, but plans should include what happens if that person predeceases you.
- Update your Will regularly – Every three to five years or after major life changes like marriage, divorce, or a medical diagnosis.
While Gene Hackman’s films will endure, his story is also a poignant reminder that estate planning is as much about the future of your loved ones as it is about legacy.
