I mean he only had 1.5 million when he died ......FFS .....is that not enough .....i mean the rest probably went through his veins ...why does anyone care what the fuck he had left ...he is dead ....yep gone /effed/checked out .......most people do not die with 1,5 million.....so i would say he done okay ..........better than say ........fuck all /........
Why Matthew Perry Only Had $1.5 Million in the Bank at the Time of His Death: A Legal Expert Explains
Perry's will has been going through probate since his death in October 2023
David M. Benett/Dave Benett/Getty
Matthew PerryFollowing Matthew Perry’s death in October 2023, the fulfillment of his will has been ongoing.
In recent documents obtained by PEOPLE on July 2, an appraisal and inventory showed the Friends star left behind $1.5 million in his personal bank account. This number was seemingly small to many, given Perry’s success in the entertainment industry, and questions have arisen about where his money has gone.
"It appears that everything in his will was left to his trust," probate lawyer and Director at Weinstock Manion Jonathan Forster, who is not involved in the case, explains to PEOPLE.
The rest of Perry’s wealth was likely already put in his trust — called the “Alvy Singer Living Trust,” which is seemingly named after Woody Allen’s character in Annie Hall — before his passing.
Related: Remembering Matthew Perry's Life and Career in Photos
“The reason why we use trusts as opposed to wills is that trusts also avoid probate, and probate is a court-supervised transfer of assets, and probate is public,” Forster says.
Mike Pont/WireImage
Matthew PerryWhen personal property, such as cash, is left in the deceased person’s name, it needs to be transferred to their trust and distributed by beneficiaries. In the initial estimate of his personal property filed in March, it was believed he had $1,030,000 in assets under his name.
In the updated inventory found in June, the actual amount in Perry's probate estate was determined to be $1,596,914.47, which was the money in his personal bank account.
“When we're typically doing an estate plan with a will and a trust, the will simply leaves assets to the trust,” he explains. “You would fund [the trust] during your lifetime. The will would be kind of like a catch-all, where if there are any assets owned by the person when they pass away, the will is directed to transfer those assets into the trust.”
Rela
No comments:
Post a Comment