PLEASE NOTE: To protect your safety in response to the threats of COVID-19, we are offering our clients the ability to meet with us via telephone or through video conferencing. Please call our office to discuss your options. Learn More
Open: Menu Lesser Lutrey Pasquesi & Howe, LLP
Call Now to Begin a Consultation
847-295-8800
Open: Practice Areas

Probate litigation: Tom Petty's loved ones at odds

When former rock music icon Tom Petty died of an accidental drug overdose at age 66, it not only sent a ripple of grief among his fans in Illinois and throughout the world, it also sparked contention between his loved ones. The situation prompted probate litigation between his widow and two daughters from a previous marriage. Things recently took a turn for the worse in court when Petty's widow called the actions of his daughters both erratic and abusive.

The daughters, on the other hand, say their father's widow has cost them more than $5 million due to her mismanagement of Petty's estate. Central focus issues in multiple court proceedings between the sisters and their stepmother include intellectual property rights, especially the right to use Petty's name and image. Royalties and artistic creations are also matters of concern.

Petty's daughters say their father created a trust before he died. In question is whether the terms of the trust have been properly adhered to as well as whether the language of the trust has been properly interpreted and understood by all parties. Petty apparently wanted his widow to transfer artistic properties of the trust into a limited liability company within six months of his passing. Petty's daughters say that time has long since come and gone and his widow did not do what she was supposed to do.

Petty also reportedly left instructions that the LLC would be equally managed by his daughters and widow. However, therein apparently lies the problem because Petty's widow wants to hire a third party to manage the company, stating that she is at a disadvantage. Petty's widow says her stepdaughters can out vote her at any time because they will have two votes to her one.

An unreleased album of Petty's has reportedly been delayed due to the probate litigation involving his loved ones. Non-celebrity families in Illinois often encounter similar estate administration challenges. It is a good thing that there are experienced estate law attorney available to help sort out complicated probate issues like those currently in question regarding the Tom Petty estate.

No Comments

Leave a comment
Comment Information

How Can I Help You?

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact

Lesser Lutrey Pasquesi & Howe, LLP
191 E. Deerpath Suite 300
Lake Forest, IL 60045

Phone: 847-295-8800
Fax: 847-295-8886
Lake Forest Law Office Map

Chicago Office
161 N. Clark Street
Suite 1600
Chicago, IL 60601

Phone: 847-295-8800
Fax: 312-523-2001
Chicago Law Office Map

  • Facebook
  • Linked In
  • Twitter