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Walker’s $25 million to go to daughter

by | Feb 6, 2014 | Estate Administration |

Florida viewers of the “Fast & Furious” move franchise mourned actor Paul Walker’s death in November 2013. However, the media has now reported that Walker’s $25 million estate will go to his teenage daughter, according to estate administration papers that were recently filed in the case. Walker was not married, and his sole beneficiary was his teen daughter.

Walker and his friend died in a fiery crash on Nov. 30, 2013. The two died in Santa Clarita when the Porsche Carrera GT that they were in crashed into a light pole and became engulfed in flames. Walker was 40 years old at the time of his death. He left behind a 15-year-old daughter and his mother and father.

Court papers regarding the actor’s estate were filed in Santa Barbara County. A San Francisco law firm prepared documents that showed the total value of Walker’s estate to be $25 million. Walker’s father filed a petition for probate on Jan. 28. In the documents, Walker’s father, who was named as the executor of the estate, listed personal property valued at $8.5 million, $8.5 million in real property and $8 million in income from personal property. The actor’s will was dated Aug. 15, 2001, and named his mother as the legal guardian for his daughter and her estate. The assets of the estate are held in trust, and court documents state that the teen currently resides with her mother.

Individuals who would like to ensure that their final wishes are carried out may decide to consult with an estate planning lawyer. Such a lawyer may be able to draft a will, trust or other legal documents that could help dispose of a person’s assets and communicate his or her final wishes.

Source: Noozhawk , “Paul Walker Leaves $25 Million Estate to Teen Daughter“, Mark Friedman , February 05, 2014