What to Do If You’re Like One of ‘Frasier’ Dad John Mahoney’s 38 Beneficiaries
John Mahoney, known best for his role as the gruff-but-lovable dad on the series Frasier, died in February at the age of 77 while in hospice care. A little over a month later, a close friend filed documents in court to begin the probate process. Mahoney’s estate is worth over $5 million and his will names 38 potential beneficiaries. For these individuals, it is important to stay on top of the overall probate process in order to ensure the estate is properly distributed.
The rights of a beneficiary are dependent on the law of each state. In some jurisdictions, beneficiaries are entitled to see the will, while in others, it depends on who the executor and trustee are. A failure to track the probate of an estate can lead to unfortunate consequences, especially when dealing with the distribution of celebrity assets.
See Alessandra Malito, What to Do If You’re Like One of ‘Frasier’ Dad John Mahoney’s 38 Beneficiaries, Market Watch, March 2, 2018.
Special thanks to Jim Hillhouse (Professional Legal Marketing (PLM, Inc.) for bringing this article to my attention.