Losing a loved one is a tragedy and sometimes the grief that overcomes a person is so intense that they don’t know how to move forward. In David Frankel’s latest drama “Collateral Beauty,” Will Smith experiences those feelings when he portrays Howard, a successful businessman who has slipped into a depression after the death of his child and doesn’t know how to handle the situation.

The film follows him as his friends, portrayed by Kate Winslet, Micheal Peña and Edward Norton, devise a drastic plan to force him to confront his grief, until something unexpected happens. In a sort of “It’s A Wonderful Life”/“Christmas Carol” twist, Howard, who writes letters to various objects and themes, is visited by three special “people”: Death (Helen Mirren), Love (Keira Knightley) and Time (Jacob Latimore). Together these forces try and show Howard that life is worth living.

Warner Bros. released the new trailer,...