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August 29, 2012
Davy Jones' Will Sealed
When the Monkees front man passed away earlier this year, his family decided to ask the probate court to seal all of his estate planning documents, including his will. As I have previously discussed with the sealing of?Joe Paterno's will, the move to have probate court documents sealed is rare.??The proposed executor of the estate and Jones' daughter, Talia Jones, asked a court to seal the will.
The?family probably asked the court to seal the will to try to hide the fighting between Jones' widow, Telemundo TV host Jessica Pacheco-Jones, and the rest of his family. In particular, it has been reported that the former dancer and Jones'?four daughter do not get along at all. In fact, it was rumored that his daughters refused to attend his wedding to Pacheco-Jones. The family could have sealed the will for other reasons. The family might also think that the estate might be in financial trouble even with all of Jones' assets. While the court sealed the will, the matters relating to the estate are still public. From what we know, Jones' estate has incurred a number of bills including a few from his widow. In situations like these, the family might have considered using a revocable trust. Trusts, unlike wills, are private documents and can keep matters related to the trust hidden from the public.?
See Danielle Mayoras & Andy Mayoras,?Monkee Business Surrounding Davy Jones Estate, Financial Planning.com,?Aug. 21, 2012.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.)) for bringing this article to my attention.
August 29, 2012 in Estate Administration, Wills | Permalink
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