Paul Walker’s Estate Estimated at $25 Million

SANTA BARBARA, Calif. (AP) — Paul Walker’s teenage daughter is the sole beneficiary of the actor’s estate, which is valued at an estimated $25 million, court records show.

The star’s final will and testament was filed Jan. 28 in Santa Barbara and calls for his father to serve as executor of the estate and for his mother to serve as guardian of the actor’s 15-year-old daughter.

The will was prepared and signed in 2001, the same year Walker starred in the first “Fast & Furious” film that launched the successful film franchise and will continue generating millions for the actor’s estate.

Walker, 40, died Nov. 30 in a fiery car crash in Los Angeles County. He was a passenger in a specialty Porsche driven by friend and financial adviser Roger Rodas that burst into flames after colliding with a light pole and tree.

A coroner’s report said investigators found no mechanical problems with the Porsche, which may have been going 100 mph or more before it crashed.

Much of the actor’s wealth came from unspecified personal property, which is currently worth $8 million, and a home worth an estimated $10 million, court filings show.

The records show Walker’s estate is expected to earn another $8 million, some of which is likely related to the seventh “Fast & Furious” film scheduled to be released in April 2015.

Shooting of the film was halfway complete when Walker was killed. Universal Pictures has said Walker will remain in the film but hasn’t laid out how it will handle footage that had already been shot. The actor appeared in all but one installment of the popular street racing films.

An initial estate hearing has been scheduled for Feb. 20 in Santa Barbara Superior Court.

The filings call for the actor’s father, Paul William Walker III, to have authority to sell or invest estate property as needed. Walker’s mother, Cheryl Ann Walker, is named as the guardian of the actor’s daughter, Meadow, and also was appointed to oversee her portion of the estate until she reaches adulthood.

Details about the will were first reported Tuesday by celebrity website TMZ.com.

More Film

  • Silk movie

    Spider-Man's 'Silk,' a Korean-American Superhero, Gets Her Own Movie

    SANTA BARBARA, Calif. (AP) — Paul Walker’s teenage daughter is the sole beneficiary of the actor’s estate, which is valued at an estimated $25 million, court records show. The star’s final will and testament was filed Jan. 28 in Santa Barbara and calls for his father to serve as executor of the estate and for […]

  • Jason Blum Talks 'Get Out 2,'

    Jason Blum on 'Get Out 2' and Why He Couldn't Have Made 'A Quiet Place'

    SANTA BARBARA, Calif. (AP) — Paul Walker’s teenage daughter is the sole beneficiary of the actor’s estate, which is valued at an estimated $25 million, court records show. The star’s final will and testament was filed Jan. 28 in Santa Barbara and calls for his father to serve as executor of the estate and for […]

  • NewportFILM Unveils Summer Slate

    NewportFILM Unveils Summer Slate

    SANTA BARBARA, Calif. (AP) — Paul Walker’s teenage daughter is the sole beneficiary of the actor’s estate, which is valued at an estimated $25 million, court records show. The star’s final will and testament was filed Jan. 28 in Santa Barbara and calls for his father to serve as executor of the estate and for […]

  • Lagardere Studios' Imagissime Unveils New Documentaries

    Lagardere Studios' Imagissime Unveils New Slate of Documentaries (EXCLUSIVE)

    SANTA BARBARA, Calif. (AP) — Paul Walker’s teenage daughter is the sole beneficiary of the actor’s estate, which is valued at an estimated $25 million, court records show. The star’s final will and testament was filed Jan. 28 in Santa Barbara and calls for his father to serve as executor of the estate and for […]

  • JEFF GOLDBLUM returns as Dr. Ian

    'Jurassic World: Fallen Kingdom' Charges Toward $133 Million Opening Weekend

    SANTA BARBARA, Calif. (AP) — Paul Walker’s teenage daughter is the sole beneficiary of the actor’s estate, which is valued at an estimated $25 million, court records show. The star’s final will and testament was filed Jan. 28 in Santa Barbara and calls for his father to serve as executor of the estate and for […]

  • Frank Grillo, Anthony Mackie

    Frank Grillo, Anthony Mackie to Reunite in 'Point Blank' Remake

    SANTA BARBARA, Calif. (AP) — Paul Walker’s teenage daughter is the sole beneficiary of the actor’s estate, which is valued at an estimated $25 million, court records show. The star’s final will and testament was filed Jan. 28 in Santa Barbara and calls for his father to serve as executor of the estate and for […]

More From Our Brands

Access exclusive content